EMLP Options History — August 2018

In August 2018, EMLP traded between $23.76 and $24.50. ATM implied volatility averaged 113.4%, placing in the 55.9% IV rank vs the trailing year. The 30-day expected move averaged 26.9%. IV traded above realized volatility by 101.9% (HV 20d: 11.5%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 10 of 23 trading days. Term structure was in contango for 0 of 23 days. Put/call ratio averaged 0.26.

Notable Days

  • 2018-08-01: Highest Volume — 39 contracts
  • 2018-08-13: Largest IV drop — 56.6% change
  • 2018-08-10: Highest IV Rank — 96.2%
  • 2018-08-02: Largest Expected Move — 37.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.21$23.76$24.50$23.76$24.03
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV113.4%77.3%189.3%126.7%111.7%
Expected Move26.9%21.2%37.5%36.3%32.0%
HV 20d11.5%8.5%13.8%13.5%8.5%
HV 60d11.2%11.0%11.4%11.2%11.1%
IV Rank55.9%36.7%96.2%63.0%55.0%
IV Percentile56.0%16.3%99.2%79.8%65.5%
Term Structure-35.0%-56.7%-23.0%-55.7%-37.0%
VWIV51.9%33.9%72.2%60.6%44.9%
Skew 25d-36.3%-136.9%75.8%-135.1%75.8%
Skew 10d0.4%-112.7%84.6%-44.2%-80.0%
Call IV 25d95.2%22.3%172.5%154.1%79.6%
Put IV 25d58.9%12.2%155.5%18.9%155.5%
Bid-Ask Spread %143.12134.84150.93137.29143.29
Gamma HHI0.250.240.250.250.25
Net GEX52-90255-90-73
Net DEX291-3.3K4.4K1.2K-454
Net VEX-237-273-199-273-199
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.260.260.260.260.26
Total Volume3939393939
Total OI6868686868

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-08-01$23.76$0.00126.7%36.3%13.5%63.0%0.0%-135.1%-55.7%-901.2K-2730.26137.293183236
2018-08-02$23.97$0.00130.9%37.5%13.8%65.2%0.0%-31.5%-56.7%-78-701-2710.26134.843183236
2018-08-03$24.10$0.00129.0%37.0%13.6%64.2%0.0%-136.9%-55.9%-41-2.0K-2680.26139.483183236
2018-08-06$24.23$25.00151.2%21.2%12.7%76.0%60.6%4.7%-30.3%-47-1.8K-2640.26150.933183236
2018-08-07$24.13$25.00152.5%21.6%12.8%76.7%60.3%3.9%-33.4%-51-2.5K-2600.26148.233183236
2018-08-08$24.17$25.00160.6%21.5%12.7%81.0%60.5%4.1%-32.8%-46-2.1K-2580.26148.943183236
2018-08-09$24.35$25.00176.8%21.8%12.8%89.6%61.5%4.7%-31.8%-40-2.8K-2580.26149.293183236
2018-08-10$24.29$25.00189.3%22.1%12.9%96.2%63.0%4.7%-32.8%-44-2.2K-2550.26149.143183236
2018-08-13$24.07$25.0082.2%23.6%13.3%39.3%65.7%4.2%-35.5%-44-2.9K-2470.26145.083183236
2018-08-14$24.21$25.0077.3%22.2%13.2%36.7%65.9%-52.1%-31.7%-26376-2450.26143.453183236
2018-08-15$24.07$25.0081.3%23.3%13.5%38.8%66.4%-91.2%-32.2%-70323-2420.26143.403183236
2018-08-16$24.26$25.0083.4%23.9%11.2%40.0%34.0%-30.0%-38.1%1261.9K-2370.26144.133183236
2018-08-17$24.42$25.0084.6%24.3%10.7%40.6%33.9%9.8%-41.3%-20-3.3K-2400.26142.123183236
2018-08-20$24.50$25.0088.0%25.2%10.7%42.4%71.0%-84.2%-23.0%102-1.6K-2320.26144.903183236
2018-08-21$24.42$25.0089.6%25.7%10.8%43.2%72.2%-23.1%-24.1%2211.9K-2240.26137.673183236
2018-08-22$24.46$25.0091.0%26.1%10.6%44.0%36.1%-84.3%-24.9%2471.7K-2220.26139.003183236
2018-08-23$24.33$25.0092.8%26.6%10.6%44.9%37.2%-97.1%-26.3%2523.4K-2170.26141.863183236
2018-08-24$24.38$25.0094.3%27.0%9.3%45.8%37.5%-89.8%-27.2%2482.6K-2170.26137.703183236
2018-08-27$24.31$25.00100.0%28.7%9.4%48.8%40.2%-107.9%-31.0%2553.7K-2070.26142.003183236
2018-08-28$24.08$25.00102.6%29.4%9.5%50.1%41.8%17.1%-33.3%1364.4K-2060.26143.123183236
2018-08-29$24.14$25.00104.7%30.0%9.1%51.2%42.2%46.5%-34.0%1293.1K-2020.26141.473183236
2018-08-30$24.13$25.00107.1%30.7%8.6%52.5%43.0%-46.1%-35.3%1594.4K-2000.26144.403183236
2018-08-31$24.03$25.00111.7%32.0%8.5%55.0%44.9%75.8%-37.0%-73-454-1990.26143.293183236