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EEM

iShares MSCI Emerging Markets ETFClose $67.88EOD only
Max Pain
$61.00
Next expiry Jun 18, 2026
Expected Move
±$2.95
4.3% from close
Price Gap
-6.88
Distance to max pain
IV Rank
96
High premium
P/C OI
1.76
Slightly put-heavy
Consensus
9.0/10
Bullish tilt
Published snapshot: Jun 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
Jun 12, 2026 close
EEM Theta Report
Analysis based on market close June 11, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 11, 2026. A newer theta report is available for June 12, 2026.

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Theta Verdict

Attractiveness4 / 10
Sizing: Conservative
Primary: Neutral near pin
Invalidation: Break below $65 or above $70
Confidence:
6.5 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +1 spot 0.7% from MP; +0.5 VIX 19

IV Environment

IV Regime
Normal
IV vs VIX
IV 46% vs VIX 19: high relative vol
Favorable?
No

Term structure: Front-end elevated (1d 53%), dip at 15d (47%), spike at 21d (70%). Put skew steep across terms.

⚠️Put skew extreme: 1d put IV 67% vs call 54%
📌Gamma pinning at $67; GEX +$122M
📉Bearish flow: put/call vol ratio 1.86

Pin Risk Assessment

Spot vs MP: At

GEX regime: Pinning ($+122.8M)

Gamma flip: ~$55.00 — Approx — based on put OI concentration of 172,251 (18.5% below spot)

OI concentrations: Put OI heavy below $62; gamma flip at $55. Max pain pins: $67 (1d), $62 (7d), $67 (15d).

Verdict: Moderate pin risk: spot near $67, heavy put OI below, GEX positive suggests pin to $67.

Premium Opportunities

#1
Iron condor
Sell 2026-07-02 $64.00/$56.00 put wing and $73.00/$75.00 call wing
Sell put/call wings capturing IV decay
Credit: $0.99-$1.20
Max loss: $6.80
BE: 62.80 / 74.20
Mgmt: Adjust wings if break above 70 or below 65 Liquidity warning: Liquidity constraints: long_put: Volume below 5.; short_call: Open interest below 25.; long_call: Open interest below 25.
#2
Put credit spread
Sell 2026-07-02 $64.00/$56.00 put spread
Bullish put credit spread near support
Credit: $1.05-$1.28
Max loss: $6.72
BE: $62.72
Mgmt: Roll if spot breaks below 64 Liquidity warning: Liquidity constraints: long_put: Volume below 5.
#3
Call diagonal
Sell 2026-07-02 $71.00 call / buy 2026-08-21 $74.00 call
Bearish call diagonal, sell 71C/buy 74C
Debit: $0.51-$0.62
Max loss: $0.62
BE: Path-dependent
Mgmt: Exit if spot above 71 before expiry Liquidity warning: Liquidity constraints: short_call: Wide spread (190%).; long_call: Wide spread (175%).

Risk Alerts

!IV spike at 21d may indicate event risk (unknown).
!Tail risk below $65 structural floor.
!High put skew warns of downside hedging.
How to Use These Reports
This theta reflects the market close on June 11, 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.