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EEM

iShares MSCI Emerging Markets ETFClose $66.10EOD only
Max Pain
$67.00
Next expiry Oct 9, 2026
Expected Move
±$0.66
1.0% from close
Price Gap
+0.90
Distance to max pain
IV Rank
3
Low premium
P/C OI
2.08
Slightly put-heavy
Consensus
4.0/10
Bearish tilt
Published snapshot: Oct 8, 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
Oct 8, 2026 close
EEM Theta Report
Analysis based on market close May 26, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 26, 2026. A newer theta report is available for June 26, 2026.

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Theta Verdict

Attractiveness7 / 10
Sizing: Moderate
Primary: Selling put spreads near $66 support
Invalidation: Spot close below 66 or VIX >20
Confidence:
8.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.6% from MP; +1 VIX 17

IV Environment

IV Regime
Normal
IV vs VIX
Avg IV 35.9% vs VIX 17.0, put IV >45% near term
Favorable?
Yes

Term structure: Forward curve decaying, puts expensive, calls moderate

📊Dealer gamma +$114.6M, pinning expected near $66
⚠️Put OI ratio 1.78, heavy wall at $65-$66
📉Spot above MP $66, downside pressure likely

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+114.6M)

Gamma flip: ~$55.00 — Approx — based on put OI concentration of 172,307 (19.6% below spot)

OI concentrations: Put OI 172k at $65, 171k at $66; 19.6% below spot

Verdict: Elevated pin risk: spot $68.65 above max pain $66, high put OI concentrates downside pin

Premium Opportunities

#1
Put credit spread
Sell 2026-06-18 $66.00/$64.00 put spread
Collects premium on elevated put skew targeting support; max profit if EEM stays above $66.
Credit: $0.31-$0.37
Max loss: $1.63
BE: $65.63
Mgmt: Monitor spot near $66; close early if IV collapses or spot breaks invalidation $66.68.

Risk Alerts

!Heavy put OI at $66 may cap upside, pin risk elevated
!Term structure shows put skew, tail risk premium priced
How to Use These Reports
This theta reflects the market close on May 26, 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.