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EEM

iShares MSCI Emerging Markets ETFClose $69.10EOD only
Max Pain
$66.00
Next expiry Jun 5, 2026
Expected Move
±$0.98
1.4% from close
Price Gap
-3.10
Distance to max pain
IV Rank
99
High premium
P/C OI
1.83
Slightly put-heavy
Consensus
5.5/10
Consensus signal
Published snapshot: Jun 4, 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
Jun 4, 2026 close
EEM Theta Report
Analysis based on market close June 4, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness6 / 10
Sizing: Moderate
Primary: Short puts near support
Invalidation: Spot breaks below $66 support or gamma flip at $55
Confidence:
5.5 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); -0.5 spot 4.7% from MP; +1 VIX 15

IV Environment

IV Regime
Normal
IV vs VIX
43% avg IV vs 15% VIX – elevated
Favorable?
Yes

Term structure: Steep front-end, put skew high 1-14DTE; contango longer dated

⚠️High put skew warns of tail risk; pinning may cap upside

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+125.9M)

Gamma flip: ~$55.00 — Approx — based on put OI concentration of 172,299 (20.4% below spot)

OI concentrations: Max pain $66 (Jun5), $67 (Jun12), $61 (Jun18); heavy put OI below spot ($65-$47)

Verdict: Moderate pin risk – spot above max pain, but large put OI could pin near $66-$67

Premium Opportunities

#1
Put credit spread
Sell 2026-06-26 $65.00/$60.00 put spread
Sell $65 put, buy $60 put to capture premium with capped loss
Credit: $0.07-$0.09
Max loss: $4.91
BE: $64.91
Mgmt: Exit if spot breaks $66 or gamma flips Liquidity warning: Liquidity constraints: short_put: Wide spread (76%).; long_put: Open interest below 25.
#2
Short strangle
Sell 2026-06-26 $65.00 put + sell $72.00 call
Sell $65 put and $72 call to benefit from range-bound movement
Credit: $1.63-$1.99
Max loss: Unlimited
BE: 63.01 / 73.99
Mgmt: Manage aggressively; early exit on volatility spikes Liquidity warning: Liquidity constraints: short_call: Wide spread (126%).; short_put: Wide spread (76%).

Risk Alerts

!Bearish flow: put/call vol ratio 2.79, net dealer premium -$13M
!Positive GEX (+$125.9M) may slow declines but flow suggests downside bias
How to Use These Reports
This theta reflects the market close on June 4, 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.