EMLP Options History — March 2020

In March 2020, EMLP traded between $14.80 and $24.87. ATM implied volatility averaged 131.4%, placing in the 66.5% IV rank vs the trailing year. The 30-day expected move averaged 28.9%. IV traded above realized volatility by 54.0% (HV 20d: 77.4%). Max pain ranged from $16.00 to $25.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2020-03-13: Highest Volume — 1 contracts
2020-03-31: Largest IV spike — 142.8% change
2020-03-09: Highest IV Rank — 100.0%
2020-03-09: Largest Expected Move — 55.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$19.08	$14.80	$24.87	$24.32	$17.69
Max Pain	$18.70	$16.00	$25.00	$25.00	$16.00
ATM IV	131.4%	64.2%	192.7%	118.1%	165.1%
Expected Move	28.9%	18.4%	55.2%	33.9%	19.5%
HV 20d	77.4%	28.3%	115.5%	28.3%	113.7%
HV 60d	46.5%	17.7%	67.6%	17.8%	67.6%
IV Rank	66.5%	29.4%	100.0%	60.0%	84.8%
IV Percentile	77.2%	21.0%	100.0%	83.7%	95.6%
Term Structure	0.2%	-70.8%	157.4%	-40.8%	151.5%
VWIV	65.2%	61.8%	68.7%	61.8%	68.7%
Skew 25d	7.6%	-10.2%	19.1%	5.3%	14.4%
Skew 10d	8.3%	-10.2%	28.5%	18.8%	13.9%
Call IV 25d	134.7%	56.7%	187.3%	160.0%	149.5%
Put IV 25d	142.3%	60.8%	199.4%	165.3%	163.9%
Bid-Ask Spread %	158.21	130.31	200.00	150.25	170.39
Gamma HHI	0.59	0.38	1.00	0.65	0.49
Net GEX	475	8	1.1K	1.1K	315
Net DEX	-22.2K	-39.1K	-65	-36.1K	-25.0K
Net VEX	-104	-166	-1	-164	-105
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	0.136	0	1	0	0
Total OI	30	30	30	30	30

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Vol	Call OI
2020-03-02	$24.32	$25.00	118.1%	33.9%	28.3%	60.0%	0.0%	5.3%	-40.8%	1.1K	-36.1K	-164	150.25	0	30
2020-03-03	$24.40	$25.00	121.3%	34.8%	28.4%	61.8%	0.0%	5.5%	-42.8%	1.1K	-36.5K	-164	149.04	0	30
2020-03-04	$24.87	$25.00	121.4%	34.8%	29.4%	61.9%	0.0%	5.5%	-46.9%	1.1K	-39.1K	-166	150.22	0	30
2020-03-05	$24.39	$0.00	129.2%	21.9%	29.9%	66.2%	0.0%	3.9%	-27.4%	1.1K	-36.1K	-163	150.46	0	30
2020-03-06	$23.80	$0.00	135.5%	22.5%	30.9%	69.7%	0.0%	4.6%	-30.2%	1.1K	-32.3K	-157	150.52	0	30
2020-03-09	$20.84	$0.00	192.7%	55.2%	55.1%	100.0%	0.0%	18.8%	-70.7%	378	-30.0K	-136	170.25	0	30
2020-03-10	$21.18	$0.00	182.1%	26.9%	55.9%	94.2%	0.0%	5.8%	-36.5%	762	-20.5K	-125	146.53	0	30
2020-03-11	$20.39	$0.00	128.2%	0.0%	56.4%	64.6%	0.0%	17.8%	-68.1%	357	-29.1K	-131	167.83	0	30
2020-03-12	$17.61	$0.00	149.9%	0.0%	73.2%	76.5%	0.0%	11.9%	0.0%	260	-23.4K	-112	200.00	0	30
2020-03-13	$18.57	$0.00	141.1%	0.0%	77.4%	71.7%	0.0%	12.1%	0.0%	294	-25.0K	-117	165.71	1	30
2020-03-16	$16.99	$0.00	162.3%	0.0%	80.9%	83.3%	0.0%	6.1%	0.0%	242	-22.1K	-107	159.53	0	30
2020-03-17	$17.06	$0.00	95.0%	27.2%	81.0%	46.3%	0.0%	19.1%	-18.7%	241	-2.9K	-32	133.16	0	30
2020-03-18	$14.80	$0.00	79.3%	0.0%	91.0%	37.7%	0.0%	0.0%	0.0%	8	-65	-1	200.00	0	30
2020-03-19	$16.11	$0.00	177.4%	0.0%	99.2%	91.6%	0.0%	-10.2%	0.0%	210	-21.4K	-98	155.72	0	30
2020-03-20	$16.26	$0.00	64.2%	18.4%	99.6%	29.4%	61.8%	6.0%	-15.5%	194	-2.5K	-26	135.22	1	30
2020-03-23	$14.80	$16.00	82.2%	0.0%	102.5%	39.3%	0.0%	7.4%	16.5%	70	-3.9K	-25	156.86	0	30
2020-03-24	$16.21	$16.00	78.5%	22.5%	110.9%	37.2%	0.0%	-8.3%	-70.8%	322	-22.7K	-100	156.38	0	30
2020-03-25	$17.31	$16.00	168.4%	0.0%	115.2%	86.7%	0.0%	8.2%	76.9%	336	-24.4K	-104	158.69	0	30
2020-03-26	$17.53	$16.00	161.0%	0.0%	115.5%	82.6%	0.0%	10.2%	83.6%	308	-24.9K	-107	161.93	0	30
2020-03-27	$17.32	$16.00	169.1%	0.0%	115.3%	87.1%	0.0%	11.6%	157.4%	309	-24.5K	-105	161.71	0	30
2020-03-30	$17.31	$16.00	68.0%	19.5%	113.1%	31.5%	68.7%	4.1%	-14.1%	332	-5.1K	-37	130.31	1	30
2020-03-31	$17.69	$16.00	165.1%	0.0%	113.7%	84.8%	0.0%	14.4%	151.5%	315	-25.0K	-105	170.39	0	30