thetaOwl
HomeOptionsEEMReports

EEM

iShares MSCI Emerging Markets ETFClose $64.59EOD only
Max Pain
$67.00
Next expiry Jun 12, 2026
Expected Move
±$3.33
5.2% from close
Price Gap
+2.41
Distance to max pain
IV Rank
100
High premium
P/C OI
1.84
Slightly put-heavy
Consensus
8.0/10
Bearish tilt
Published snapshot: Jun 5, 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 5, 2026 close
EEM Theta Report
Analysis based on market close June 8, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness5 / 10
Sizing: Moderate
Primary: Short puts
Invalidation: Spot breaks below $55 gamma flip
Confidence:
5 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); -0.5 spot 4.7% from MP; +0.5 VIX 19

IV Environment

IV Regime
Normal
IV vs VIX
IV 43.4% well above VIX 18.9, elevated premium.
Favorable?
Yes

Term structure: Front-end elevated, decreasing with some skew.

📈IV elevated relative to VIX, favorable for premium selling.

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+28.9M)

Gamma flip: ~$55.00 — Approx — based on put OI concentration of 172,297 (16.3% below spot)

OI concentrations: Put OI 16.3% below spot; call wall $70-$70.

Verdict: Max pain $69, but spot below; risk of drift to put wall.

Premium Opportunities

#1
Iron condor
Sell 2026-07-17 $63.00/$61.00 put wing and $70.00/$70.50 call wing
Collect premium from both put and call wings within $61-$70 range.
Credit: $0.60-$0.74
Max loss: $1.26
BE: 62.26 / 70.74
Mgmt: Exit if spot breaks $61 or $70; adjust wings if IV spikes. Liquidity warning: Liquidity constraints: long_put: Wide spread (56%).; short_call: Wide spread (51%).; long_call: Wide spread (52%).
#2
Put credit spread
Sell 2026-07-10 $62.00/$61.00 put spread
Sell put spread at $62/$61 to capture premium expecting support.
Credit: $0.19-$0.24
Max loss: $0.76
BE: $61.76
Mgmt: Stop loss if spot breaches $65; roll if IV expands. Liquidity warning: Liquidity constraints: short_put: Wide spread (71%).; long_put: Wide spread (102%).
#3
Call credit spread
Sell 2026-07-17 $70.00/$70.50 call spread
Sell call spread at $70/$70.5 to collect premium expecting capped upside.
Credit: $0.13-$0.16
Max loss: $0.34
BE: $70.16
Mgmt: Exit if spot exceeds $69; adjust strikes on IV contraction. Liquidity warning: Liquidity constraints: short_call: Wide spread (51%).; long_call: Wide spread (52%).

Risk Alerts

!Spot below gamma flip $55 (put OI concentration).
!Bearish flow and dealer positioning (GEX +$28.9M but net premium negative).
How to Use These Reports
This theta reflects the market close on June 8, 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.