EMLP Options History — June 2020

In June 2020, EMLP traded between $19.34 and $23.10. ATM implied volatility averaged 109.7%, placing in the 55.1% IV rank vs the trailing year. The 30-day expected move averaged 28.2%. IV traded above realized volatility by 76.6% (HV 20d: 33.1%). Max pain ranged from $18.00 to $22.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 0.02.

Notable Days

2020-06-23: Highest Volume — 71 contracts
2020-06-17: Largest IV spike — 4646.9% change
2020-06-09: Highest IV Rank — 87.1%
2020-06-30: Largest Expected Move — 42.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$21.09	$19.34	$23.10	$21.38	$19.91
Max Pain	$21.45	$18.00	$22.00	$18.00	$22.00
ATM IV	109.7%	2.4%	172.2%	27.0%	147.9%
Expected Move	28.2%	0.7%	42.4%	7.8%	42.4%
HV 20d	33.1%	25.8%	38.7%	26.3%	37.5%
HV 60d	50.4%	35.3%	73.2%	73.2%	35.3%
IV Rank	55.1%	0.3%	87.1%	12.9%	74.7%
IV Percentile	64.2%	0.8%	95.2%	8.3%	86.1%
Term Structure	-42.3%	-154.8%	2.7%	-5.7%	-63.9%
VWIV	103.6%	86.4%	130.7%	87.4%	86.4%
Skew 25d	-7.9%	-105.1%	33.7%	1.1%	-105.1%
Skew 10d	14.1%	-132.0%	126.2%	0.8%	-132.0%
Call IV 25d	137.8%	23.3%	194.0%	25.1%	194.0%
Put IV 25d	129.9%	26.1%	197.8%	26.1%	88.9%
Bid-Ask Spread %	154.27	117.65	180.40	118.99	160.10
Gamma HHI	0.63	0.39	0.93	0.47	0.65
Net GEX	2.1K	957	3.7K	957	1.5K
Net DEX	-64.3K	-112.3K	-14.5K	-14.5K	-51.1K
Net VEX	-304	-424	-120	-121	-288
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.02	0.00	0.06	0.00	0.04
Total Volume	11.136	0	71	0	0
Total OI	86.364	53	109	53	74

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	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2020-06-01	$21.38	$18.00	27.0%	7.8%	26.3%	12.9%	0.0%	1.1%	-5.7%	957	-14.5K	-121	0.00	118.99	0	0	46	7
2020-06-02	$21.53	$18.00	28.9%	8.3%	26.2%	13.8%	0.0%	4.0%	2.7%	1.2K	-15.0K	-120	0.00	117.65	10	0	46	7
2020-06-03	$22.02	$18.00	146.3%	41.9%	27.0%	73.9%	0.0%	-60.8%	-43.4%	1.7K	-39.0K	-187	0.00	149.11	54	0	46	7
2020-06-04	$21.82	$22.00	99.7%	24.3%	25.8%	50.0%	87.4%	33.7%	-32.1%	3.7K	-89.3K	-386	0.06	155.81	64	4	95	7
2020-06-05	$22.44	$22.00	145.7%	24.2%	27.1%	73.5%	0.0%	4.3%	-30.4%	3.4K	-103.8K	-392	0.00	157.35	0	0	95	7
2020-06-08	$23.10	$22.00	167.2%	25.1%	27.7%	84.5%	0.0%	2.2%	-29.1%	3.5K	-112.3K	-350	0.00	143.88	7	0	95	7
2020-06-09	$22.48	$22.00	172.2%	25.4%	30.0%	87.1%	0.0%	4.3%	-32.3%	3.3K	-110.9K	-424	0.00	156.31	0	0	102	7
2020-06-10	$22.14	$22.00	97.5%	27.9%	30.2%	48.9%	0.0%	5.8%	-36.1%	3.0K	-107.6K	-417	0.00	143.49	0	0	102	7
2020-06-11	$20.68	$22.00	97.5%	27.9%	37.8%	48.9%	110.0%	5.2%	-25.7%	2.0K	-68.4K	-349	0.03	155.72	30	1	102	7
2020-06-12	$20.56	$22.00	125.2%	0.0%	37.9%	63.1%	0.0%	21.7%	-67.1%	1.8K	-56.7K	-302	0.00	180.40	0	0	92	8
2020-06-15	$21.07	$22.00	83.9%	0.0%	38.7%	41.9%	0.0%	18.6%	-154.8%	2.4K	-64.2K	-316	0.00	180.18	0	0	92	8
2020-06-16	$21.29	$22.00	2.4%	0.7%	35.2%	0.3%	0.0%	17.6%	0.0%	3.0K	-64.0K	-322	0.00	180.16	0	0	92	8
2020-06-17	$21.09	$22.00	113.5%	32.5%	35.4%	57.1%	0.0%	4.7%	-46.4%	1.7K	-66.6K	-328	0.00	153.99	0	0	92	8
2020-06-18	$21.10	$22.00	70.1%	20.1%	35.3%	34.9%	0.0%	4.7%	-6.1%	2.8K	-54.3K	-308	0.00	140.47	0	0	92	8
2020-06-19	$20.89	$22.00	110.0%	31.5%	35.2%	55.3%	0.0%	5.4%	-38.0%	1.7K	-63.0K	-311	0.00	158.32	0	0	92	8
2020-06-22	$20.85	$22.00	116.5%	33.4%	35.2%	58.6%	0.0%	-79.7%	-43.0%	1.8K	-60.2K	-314	0.00	155.27	0	0	69	3
2020-06-23	$20.75	$22.00	119.2%	34.2%	34.5%	60.0%	130.7%	-69.5%	-34.5%	1.4K	-67.4K	-310	0.04	155.45	68	3	69	3
2020-06-24	$20.22	$22.00	126.6%	36.3%	35.5%	63.8%	0.0%	6.1%	-45.3%	1.6K	-54.7K	-297	0.00	158.44	0	0	69	3
2020-06-25	$19.78	$22.00	133.1%	38.2%	36.1%	67.1%	0.0%	1.2%	-50.5%	1.5K	-53.1K	-289	0.00	158.07	0	0	69	3
2020-06-26	$19.34	$22.00	138.6%	39.7%	36.6%	69.9%	86.4%	-3.7%	-44.5%	1.4K	-48.5K	-280	0.00	156.18	0	4	69	3
2020-06-29	$19.59	$22.00	144.8%	41.5%	36.9%	73.1%	0.0%	4.1%	-63.0%	1.4K	-49.2K	-286	0.00	158.57	0	0	69	5
2020-06-30	$19.91	$22.00	147.9%	42.4%	37.5%	74.7%	0.0%	-105.1%	-63.9%	1.5K	-51.1K	-288	0.00	160.10	0	0	69	5