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EEM

iShares MSCI Emerging Markets ETFClose $65.72EOD only
Max Pain
$64.00
Next expiry Aug 7, 2026
Expected Move
±$1.33
2.0% from close
Price Gap
-1.72
Distance to max pain
IV Rank
10
Low premium
P/C OI
1.74
Slightly put-heavy
Consensus
4.0/10
Bearish tilt
Published snapshot: Aug 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
Aug 5, 2026 close
EEM Theta Report
Analysis based on market close June 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 22, 2026. A newer theta report is available for June 26, 2026.

View latest report

Theta Verdict

Attractiveness6 / 10
Sizing: Conservative
Primary: Put credit spreads
Invalidation: Spot close below $68
Confidence:
6.5 / 10
base 5; +1 GEX/flow weakly aligned; -0.5 spot 3.2% from MP; +1 VIX 17

IV Environment

IV Regime
Normal
IV vs VIX
Avg IV 41.24% >> VIX 17.28; elevated implied vol.
Favorable?
No

Term structure: Near-term inverted; extreme put skew (put IV 57-107%) vs call IV; back-month normal.

⚠️Extreme put skew in week 1; fear premium high.
📊VIX low (17.28) but EEM IV elevated; caution on tail risk.

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Trending ($-3.0M)

Gamma flip: ~$62.00 — Approx — based on put OI concentration of 55,808 (12.9% below spot)

OI concentrations: Put OI heavy at $62 (12.9% below spot); call wall at $75.

Verdict: Max pain pins $69/$65/$67; spot near support $69; moderate pin risk if break below.

Premium Opportunities

#1
Put credit spread
Sell 2026-07-24 $70.50/$66.50 put spread
Sells put spread to capture time decay and IV contraction with defined risk.
Credit: $1.05-$1.28
Max loss: $2.72
BE: $69.22
Mgmt: Close at 50% max profit or if EEM closes below $69. Liquidity warning: Liquidity constraints: long_put: Open interest below 25.

Risk Alerts

!Bearish flow and trending gamma; near-term put skew suggests hedging demand.
!Spot 3.2% from max pain; wide dispersion in pin levels.
How to Use These Reports
This theta reflects the market close on June 22, 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.