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EEM

iShares MSCI Emerging Markets ETFClose $61.10EOD only
Max Pain
$63.00
Next expiry Nov 6, 2026
Expected Move
±$1.62
2.7% from close
Price Gap
+1.90
Distance to max pain
IV Rank
7
Low premium
P/C OI
1.89
Slightly put-heavy
Consensus
4.0/10
Bearish tilt
Published snapshot: Nov 3, 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
Nov 3, 2026 close
EEM Theta Report
Analysis based on market close June 17, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 17, 2026. A newer theta report is available for June 26, 2026.

View latest report

Theta Verdict

Attractiveness6 / 10
Sizing: Moderate
Primary: Short put spreads
Invalidation: Spot breaks below put floor $65 or gamma flip $55
Confidence:
4.5 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); -1 spot 5.5% from MP; +0.5 VIX 18

IV Environment

IV Regime
Normal
IV vs VIX
Avg IV 49% vs VIX 18: premium rich but bearish
Favorable?
Yes

Term structure: Front-end elevated (1d 71.88), contango in back

📈IV 49% vs VIX 18: high premium offset by bearish flow

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+197.7M)

Gamma flip: ~$55.00 — Approx — based on put OI concentration of 163,090 (19.8% below spot)

OI concentrations: Heavy put OI at $65 (max pain) and below, put/call OI 2.21

Verdict: Moderate pin risk; $65 pin may fail vs bearish flow

Premium Opportunities

#1
Call credit spread
Sell 2026-07-17 $73.50/$79.00 call spread
Sell 2026-07-17 $73.50/$79.00 call spread for time decay and IV contraction.
Credit: $0.72-$0.89
Max loss: $4.61
BE: $74.39
Mgmt: Exit if spot breaches $70 or volatility spikes; monitor liquidity. Liquidity warning: Liquidity constraints: short_call: Wide spread (69%).; long_call: Wide spread (155%).

Risk Alerts

!Bearish flow (put/call vol 2.04) may overwhelm pin support at $65
!Gamma flip at $55 could trigger selling if 15% drop occurs
How to Use These Reports
This theta reflects the market close on June 17, 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.