EMLP Options History — January 2020

In January 2020, EMLP traded between $25.34 and $26.16. ATM implied volatility averaged 81.3%, placing in the 39.6% IV rank vs the trailing year. The 30-day expected move averaged 19.5%. IV traded above realized volatility by 73.4% (HV 20d: 7.9%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2020-01-13: Highest Volume — 17 contracts
  • 2020-01-09: Largest IV spike — 385.0% change
  • 2020-01-10: Highest IV Rank — 92.8%
  • 2020-01-31: Largest Expected Move — 29.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.83$25.34$26.16$25.34$25.64
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV81.3%20.9%176.8%73.5%102.1%
Expected Move19.5%3.4%29.3%21.1%29.3%
HV 20d7.9%6.6%9.4%9.1%7.9%
HV 60d8.2%8.1%8.5%8.3%8.5%
IV Rank39.6%5.9%92.8%35.3%51.2%
IV Percentile40.6%6.0%98.4%26.6%72.2%
Term Structure-8.3%-36.6%46.6%46.6%-36.6%
VWIV13.6%13.6%13.6%13.6%13.6%
Skew 25d-14.3%-142.1%110.1%-25.1%-113.0%
Skew 10d31.3%-118.2%133.6%107.7%-118.2%
Call IV 25d75.4%11.6%160.6%126.9%131.1%
Put IV 25d61.1%10.3%132.3%101.8%18.1%
Bid-Ask Spread %142.18118.11153.47146.21139.71
Gamma HHI0.960.930.980.940.96
Net GEX2.0K8734.0K8731.8K
Net DEX-55.8K-75.3K-34.2K-35.5K-62.0K
Net VEX-185-216-140-150-205
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume101700
Total OI35.14324442441

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-01-02$25.34$25.0073.5%21.1%9.1%35.3%0.0%-25.1%46.6%873-35.5K-1500.00146.2100240
2020-01-03$25.45$25.0073.8%21.2%8.9%35.4%13.6%-142.1%44.4%960-34.2K-1490.00145.0710240
2020-01-06$25.62$0.00108.1%14.0%9.0%54.5%0.0%4.4%-2.7%1.5K-37.0K-1480.00151.1300250
2020-01-07$25.56$0.00148.0%20.0%9.2%76.8%0.0%4.3%-15.7%997-37.4K-1500.00153.4700250
2020-01-08$25.55$0.0020.9%3.4%9.1%5.9%0.0%0.6%-0.9%3.1K-39.9K-1420.00118.1100250
2020-01-09$25.61$0.00101.4%20.5%9.0%50.8%0.0%4.1%-16.0%2.8K-39.1K-1400.00152.1300250
2020-01-10$25.59$0.00176.8%20.7%9.1%92.8%0.0%-79.8%-17.0%1.0K-37.5K-1480.00139.0000250
2020-01-13$25.81$0.0074.7%21.4%9.4%35.9%0.0%3.9%-18.1%1.2K-39.0K-1450.00152.45170250
2020-01-14$25.86$0.0045.3%13.0%7.8%19.5%0.0%4.2%-3.9%4.0K-75.3K-2000.00152.4600420
2020-01-15$26.04$0.0064.0%18.3%7.1%29.9%0.0%4.1%-15.9%2.3K-67.8K-2100.00151.1510420
2020-01-16$26.15$0.0046.0%13.2%7.1%19.9%0.0%-81.7%-8.0%2.6K-72.6K-2120.00145.8810430
2020-01-17$26.16$0.0045.5%13.0%6.7%19.6%0.0%4.4%12.0%2.1K-74.1K-2160.00151.6600440
2020-01-21$26.10$0.0062.3%17.9%6.8%29.0%0.0%-41.3%-16.1%2.6K-67.7K-2120.00143.2200410
2020-01-22$26.03$0.0062.5%17.9%6.6%29.1%0.0%-18.6%-10.6%2.2K-64.3K-2090.00137.5910410
2020-01-23$26.16$0.0086.1%24.7%6.7%42.2%0.0%63.0%-24.3%1.8K-66.8K-2140.00129.1900410
2020-01-24$26.02$0.0087.9%25.2%7.1%43.2%0.0%19.6%-25.7%1.7K-65.8K-2140.00138.2200410
2020-01-27$25.86$0.0072.5%20.8%7.4%34.7%0.0%-51.8%1.4%2.0K-63.8K-2080.00147.0300410
2020-01-28$25.98$0.0072.4%20.8%7.5%34.6%0.0%17.2%-6.0%2.8K-63.1K-2010.00126.0100410
2020-01-29$25.94$0.0083.3%23.9%7.0%40.7%0.0%12.6%-27.4%1.8K-63.9K-2070.00133.1500410
2020-01-30$25.93$0.0099.3%28.5%6.8%49.6%0.0%110.1%-33.7%1.8K-64.8K-2070.00133.0400410
2020-01-31$25.64$0.00102.1%29.3%7.9%51.2%0.0%-113.0%-36.6%1.8K-62.0K-2050.00139.7100410