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EEM

iShares MSCI Emerging Markets ETFClose $65.82EOD only

Max Pain

$61.00

Next expiry May 15, 2026

Expected Move

±$1.77

2.7% from close

Price Gap

-4.82

Distance to max pain

IV Rank

High premium

P/C OI

1.48

Slightly put-heavy

Consensus

6.5/10

Range bias

Published snapshot: May 12, 2026 close

End-of-day snapshot

This page reflects EEM options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

May 12, 2026 close

EEM Theta Report

Analysis based on market close May 13, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Theta Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 9.3% from MP; +1 VIX 18

IV Environment

IV Regime

Normal

IV vs VIX

Avg IV 35.3% vs VIX 17.9%, IV elevated relative to realized vol.

Favorable?

Yes

Term structure: Front-week put IV 107% signals extreme tail premium; contango from 9d onward.

⚡Near-term put IV spike to 107% suggests hedging demand.

📈Positive GEX $456M supports dealer gamma hedging upside.

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+456.3M)

Gamma flip: ~$55.00 — Approx — based on put OI concentration of 172,245 (18.2% below spot)

OI concentrations: High put OI at $60-62 strikes for May 15 expiry; structural put floor $50-$61; gamma flip $55 based on 172k put OI.

Verdict: Spot above near-term max pain ($62) but support at $65; moderate pin risk with downside potential.

Premium Opportunities

Put credit spread

Sell 2026-06-18 $65.00/$62.50 put spread

Sell $65 put, buy $62.5 put for credit; profit if spot stays above $65 at expiry.

Credit: $0.48-$0.58

Max loss: $1.92

BE: $64.42

Mgmt: Exit at 50% max gain or if spot breaks below $65.

Cash-secured put

Sell 2026-06-18 $64.50 cash-secured put

Sell $64.5 put fully cash-backed; collect premium and may be assigned shares.

Credit: $1.06-$1.29

Max loss: $63.21

BE: $63.21

Mgmt: Roll if tested; assignment acceptable. Liquidity warning: Liquidity constraints: short_put: Wide spread (69%).

Risk Alerts

!Front-week put IV at 107% indicates tail risk premium.

!Spot 9.3% from max pain level of $62.

!Gamma flip at $55 represents key downside threshold.

How to Use These Reports

This theta reflects the market close on May 13, 2026.

What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.