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EEM

iShares MSCI Emerging Markets ETFClose $70.79EOD only
Max Pain
$67.00
Next expiry Jun 26, 2026
Expected Move
±$2.37
3.4% from close
Price Gap
-3.79
Distance to max pain
IV Rank
100
High premium
P/C OI
2.21
Slightly put-heavy
Consensus
6.5/10
Bullish tilt
Published snapshot: Jun 18, 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 18, 2026 close
EEM Theta Report
Analysis based on market close June 18, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness7 / 10
Sizing: Moderate
Primary: Short put verticals at $65 support
Invalidation: Spot breaks below $65 or VIX above 20
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 8.9% from MP; +1 VIX 16

IV Environment

IV Regime
High
IV vs VIX
IV at 51% vs VIX at 16, elevated 3x, rich premium
Favorable?
Yes

Term structure: Front-week 85% IV, steep decline then spike at 12 days; backwardation distorted by pinning

📈IV elevated 3x VIX, rich premiums
⚠️Term structure shows pinning distortion near expiry
🛡️Positive GEX supports range-bound trading

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+144.2M)

Gamma flip: ~$55.00 — Approx — based on put OI concentration of 163,090 (22.3% below spot)

OI concentrations: Put OI heavy: 163,090 puts below spot, max at $65; call OI lighter, resistance at $74.84

Verdict: Pin risk elevated for June 18 expiry; spot above $65, but put wall may pin near $65 at expiry

Premium Opportunities

#1
Call credit spread
Sell 2026-07-17 $75.00/$76.00 call spread
Sell 75/76 call spread to profit from time decay and IV contraction if EEM stays below 75.
Credit: $0.38-$0.46
Max loss: $0.54
BE: $75.46
Mgmt: Close at 50% of max gain or before major events. Liquidity warning: Liquidity constraints: long_call: Wide spread (77%).
#2
Call calendar
Sell 2026-07-10 $68.00 call / buy 2026-07-17 $68.00 call
Sell front-week 68 call, buy back-week to capture volatility term structure.
Debit: $0.01-$0.02
Max loss: $0.02
BE: Path-dependent
Mgmt: Close if front IV collapses or spot moves above 68; limited capital at risk. Liquidity warning: Liquidity constraints: short_call: Wide spread (91%).

Risk Alerts

!Front-week IV spike to 85% suggests extreme short-term uncertainty
!Heavy put OI below spot creates asymmetric pin risk below $65
!Mixed dealer flow may cause sudden volatility shifts
How to Use These Reports
This theta reflects the market close on June 18, 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.