EMLP Options History — December 2019

In December 2019, EMLP traded between $24.26 and $25.52. ATM implied volatility averaged 87.2%, placing in the 42.9% IV rank vs the trailing year. The 30-day expected move averaged 24.9%. IV traded above realized volatility by 78.6% (HV 20d: 8.6%). Max pain ranged from $15.00 to $25.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2019-12-11: Highest Volume — 21 contracts
  • 2019-12-31: Largest IV drop — 43.1% change
  • 2019-12-30: Highest IV Rank — 57.4%
  • 2019-12-30: Largest Expected Move — 32.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.97$24.26$25.52$24.34$25.45
Max Pain$23.00$15.00$25.00$15.00$25.00
ATM IV87.2%64.4%113.3%87.8%64.4%
Expected Move24.9%18.5%32.5%25.2%18.5%
HV 20d8.6%7.2%9.6%7.8%9.0%
HV 60d8.3%7.7%8.9%7.7%8.3%
IV Rank42.9%30.2%57.4%43.2%30.2%
IV Percentile45.6%19.8%75.8%44.0%19.8%
Term Structure-32.2%-48.7%55.8%-43.9%55.8%
VWIV74.7%74.7%74.7%74.7%74.7%
Skew 25d-24.7%-137.6%103.6%-129.0%-123.3%
Skew 10d-2.1%-142.2%139.8%-132.8%77.4%
Call IV 25d115.1%25.6%154.7%143.8%141.2%
Put IV 25d90.4%14.8%164.4%14.8%17.9%
Bid-Ask Spread %148.24132.68154.37142.85138.67
Gamma HHI0.840.550.970.680.94
Net GEX7791362.0K152900
Net DEX-27.4K-41.4K-11.0K-11.0K-35.8K
Net VEX-100-162-3-10-152
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume1.1902100
Total OI18629624

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-12-02$24.34$15.0087.8%25.2%7.8%43.2%0.0%-129.0%-43.9%152-11.0K-100.00142.850060
2019-12-03$24.26$15.0090.6%26.0%7.8%44.8%0.0%-88.0%-46.9%136-11.1K-100.00141.460060
2019-12-04$24.44$15.0092.9%26.6%8.3%46.1%0.0%-137.6%-48.7%144-11.3K-100.00144.990060
2019-12-05$24.45$0.0095.9%21.9%8.2%47.8%0.0%4.0%-27.2%144-11.3K-100.00151.010060
2019-12-06$24.54$0.0066.7%21.7%7.3%31.5%0.0%-74.6%-29.8%184-11.2K-100.00149.970060
2019-12-09$24.65$0.0075.4%22.4%7.4%36.3%0.0%4.0%-31.7%185-11.3K-100.00153.100060
2019-12-10$24.79$0.0079.2%22.7%7.6%38.4%0.0%4.0%-32.0%156-11.6K-90.00153.070060
2019-12-11$24.86$0.0070.3%20.1%7.6%33.4%0.0%4.1%-22.3%217-12.3K-30.00150.4521060
2019-12-12$24.96$0.0073.6%21.1%7.2%35.3%74.7%4.3%-36.0%1.4K-40.7K-1540.00148.1820270
2019-12-13$24.66$25.0082.3%23.6%8.5%40.2%0.0%90.9%-34.4%1.0K-41.4K-1620.00153.0000290
2019-12-16$24.97$25.0085.6%24.6%9.4%42.0%0.0%4.0%-36.2%1.1K-35.6K-1610.00153.9600260
2019-12-17$25.06$25.0086.8%24.9%9.2%42.7%0.0%4.0%-36.9%1.8K-36.2K-1600.00153.2920260
2019-12-18$25.27$25.0087.8%25.2%9.4%43.2%0.0%4.0%-37.0%1.7K-37.3K-1590.00153.2300260
2019-12-19$25.24$25.0089.4%25.6%9.4%44.1%0.0%4.0%-38.4%2.0K-38.0K-1590.00154.3700260
2019-12-20$25.43$25.0090.5%26.0%9.5%44.7%0.0%4.0%-38.7%935-40.1K-1580.00153.5900260
2019-12-23$25.39$25.0095.9%27.5%9.6%47.7%0.0%10.4%-32.8%850-35.5K-1560.00142.9600240
2019-12-24$25.40$25.0097.6%28.0%9.4%48.7%0.0%-106.8%-33.9%869-35.7K-1550.00132.6800240
2019-12-26$25.52$25.0099.9%28.6%9.1%50.0%0.0%103.6%-39.8%857-36.0K-1550.00147.1100240
2019-12-27$25.47$25.00104.4%29.9%9.2%52.5%0.0%-117.0%-38.6%864-35.8K-1540.00144.4600240
2019-12-30$25.30$25.00113.3%32.5%9.5%57.4%0.0%12.4%-45.9%812-35.5K-1510.00150.6300240
2019-12-31$25.45$25.0064.4%18.5%9.0%30.2%0.0%-123.3%55.8%900-35.8K-1520.00138.6700240