EMLP Options History — April 2020

In April 2020, EMLP traded between $16.66 and $20.94. ATM implied volatility averaged 96.0%, placing in the 48.5% IV rank vs the trailing year. The 30-day expected move averaged 16.4%. IV traded above realized volatility by 18.5% (HV 20d: 77.4%). Max pain ranged from $16.00 to $16.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2020-04-27: Highest Volume — 15 contracts
  • 2020-04-27: Largest IV spike — 7497.0% change
  • 2020-04-01: Highest IV Rank — 92.3%
  • 2020-04-23: Largest Expected Move — 37.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.07$16.66$20.94$16.66$20.35
Max Pain$16.00$16.00$16.00$16.00$16.00
ATM IV96.0%1.9%178.7%178.7%10.7%
Expected Move16.4%0.5%37.5%3.0%3.1%
HV 20d77.4%40.0%115.7%113.9%40.0%
HV 60d71.4%68.5%73.2%68.5%73.2%
IV Rank48.5%0.0%92.3%92.3%4.6%
IV Percentile54.5%0.0%98.4%98.4%2.0%
Term Structure78.6%-51.4%195.1%195.1%151.8%
Skew 25d10.3%-3.9%17.1%0.5%13.2%
Skew 10d29.3%-2.5%51.8%0.5%46.1%
Call IV 25d145.2%75.1%179.1%163.3%143.0%
Put IV 25d155.5%71.2%186.9%163.7%156.2%
Bid-Ask Spread %166.70146.83193.72156.73161.94
Gamma HHI0.550.440.630.440.49
Net GEX4382111.1K286997
Net DEX-28.9K-44.7K-7.9K-23.6K-40.7K
Net VEX-114-202-58-100-188
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.76201500
Total OI32.38130453045

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-04-01$16.66$16.00178.7%0.0%113.9%92.3%0.0%0.5%0.0%286-23.6K-1000.00156.7300300
2020-04-02$17.29$0.00175.7%0.0%115.7%90.7%0.0%9.0%0.0%305-24.7K-1020.00177.8900300
2020-04-03$17.02$0.007.6%3.0%115.7%0.0%0.0%12.7%195.1%211-28.7K-990.00193.7200300
2020-04-06$17.98$0.00170.0%0.0%109.7%87.8%0.0%-2.6%0.0%290-27.4K-1030.00176.7800300
2020-04-07$18.25$0.005.9%1.7%109.7%0.0%0.0%6.8%168.0%271-29.9K-1050.00155.5600300
2020-04-08$18.61$0.006.7%1.9%109.5%0.4%0.0%7.4%178.6%269-28.9K-1030.00159.6600300
2020-04-09$19.43$0.00117.6%33.7%96.8%59.8%0.0%14.1%50.5%276-31.8K-1080.00158.4410300
2020-04-13$19.28$0.00116.2%33.3%95.2%59.1%0.0%12.0%54.1%299-31.9K-1110.00161.7600310
2020-04-14$19.69$0.0011.5%3.3%89.1%3.0%0.0%13.5%165.3%313-32.7K-1110.00158.9900310
2020-04-15$18.99$0.00117.2%33.6%90.4%59.6%0.0%6.9%-37.6%538-17.1K-860.00151.2800310
2020-04-16$18.89$0.00128.4%36.8%72.0%65.6%0.0%16.8%44.5%318-29.3K-1070.00176.8100310
2020-04-17$19.64$0.00164.1%0.0%67.5%84.7%0.0%14.8%49.0%343-31.1K-1090.00175.9900310
2020-04-20$19.34$0.0070.9%20.3%68.1%34.8%0.0%13.6%40.8%335-28.3K-1060.00175.0100300
2020-04-21$18.95$0.0068.3%19.6%57.6%33.4%0.0%-3.9%-25.0%517-7.9K-580.00146.8300300
2020-04-22$19.47$0.00177.1%0.0%50.0%91.7%0.0%17.1%14.4%339-28.6K-1050.00185.5800300
2020-04-23$19.64$0.00130.8%37.5%45.3%66.9%0.0%7.8%-51.4%605-16.8K-900.00151.6600300
2020-04-24$19.81$0.002.3%0.7%45.3%0.0%0.0%7.5%181.2%304-31.8K-1040.00155.5900300
2020-04-27$20.01$0.00177.0%0.0%44.8%91.8%0.0%16.3%151.8%363-29.7K-1040.00173.53150300
2020-04-28$20.32$0.00177.0%0.0%44.8%91.8%0.0%16.1%0.0%942-40.9K-1950.00173.9100450
2020-04-29$20.94$0.001.9%0.5%45.2%0.0%0.0%16.2%0.0%1.1K-44.7K-2020.00173.0000450
2020-04-30$20.35$0.0010.7%3.1%40.0%4.6%0.0%13.2%0.0%997-40.7K-1880.00161.9400450