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EEM

iShares MSCI Emerging Markets ETFClose $67.84EOD only
Max Pain
$68.00
Next expiry Sep 14, 2026
Expected Move
±$0.71
1.0% from close
Price Gap
+0.16
Distance to max pain
IV Rank
9
Low premium
P/C OI
1.96
Slightly put-heavy
Consensus
4.0/10
Bearish tilt
Published snapshot: Sep 11, 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
Sep 11, 2026 close
EEM Theta Report
Analysis based on market close June 15, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 15, 2026. A newer theta report is available for June 26, 2026.

View latest report

Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Premium collection
Invalidation: Spot breaks below $65 support
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 7.3% from MP; +1 VIX 16

IV Environment

IV Regime
Normal
IV vs VIX
AVG IV 43.9% vs VIX 16.2% (2.7x)
Favorable?
Yes

Term structure: Near-term elevated, backwardated; 3-day IV 54% from pinning

📈IV/Vix ratio elevated; favorable premium selling
⚠️Put skew steep near term due to pin risk

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+204.8M)

Gamma flip: ~$55.00 — Approx — based on put OI concentration of 163,093 (21.1% below spot)

OI concentrations: Max pain $65 Jun18, $67 Jun26, $65 Jun30; put OI ratio 2.2

Verdict: Pinning risk centered on $65-$67; dealer gamma positive supports pinning

Premium Opportunities

#1
Iron condor
Sell 2026-07-17 $67.00/$65.00 put wing and $70.00/$72.50 call wing
Sells wings around pinning region; theta decay benefits from lack of move.
Credit: $1.27-$1.55
Max loss: $0.95
BE: 65.45 / 71.55
Mgmt: Close if spot nears $67 or $70; watch for earnings or VIX spike.
#2
Short strangle
Sell 2026-07-17 $65.00 put + sell $74.50 call
Sells OTM put and call; relies on IV contraction and range trading.
Credit: $2.29-$2.79
Max loss: Unlimited
BE: 62.21 / 77.29
Mgmt: Roll if tail approaches; set stops or hedge with wings.

Risk Alerts

!Gamma flip at $55; wide guardrails $67-$72
!VIX 16 but IV elevated; watch for VIX spike
How to Use These Reports
This theta reflects the market close on June 15, 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.