EMLP Options History — July 2020

In July 2020, EMLP traded between $19.38 and $20.65. ATM implied volatility averaged 118.7%, placing in the 59.4% IV rank vs the trailing year. The 30-day expected move averaged 31.3%. IV traded above realized volatility by 94.7% (HV 20d: 23.9%). Max pain ranged from $21.00 to $22.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 0 of 22 days. Put/call ratio averaged 0.07.

Notable Days

2020-07-06: Highest Volume — 73 contracts
2020-07-08: Largest IV spike — 273.6% change
2020-07-08: Highest IV Rank — 100.0%
2020-07-02: Largest Expected Move — 44.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$20.14	$19.38	$20.65	$20.06	$20.48
Max Pain	$21.09	$21.00	$22.00	$22.00	$21.00
ATM IV	118.7%	53.2%	198.8%	151.9%	131.0%
Expected Move	31.3%	8.9%	44.9%	43.5%	37.5%
HV 20d	23.9%	16.9%	36.5%	36.4%	17.2%
HV 60d	30.5%	27.8%	33.6%	33.6%	27.8%
IV Rank	59.4%	26.2%	100.0%	76.7%	65.5%
IV Percentile	68.3%	17.1%	100.0%	88.1%	81.0%
Term Structure	-35.2%	-66.9%	-3.2%	-66.4%	-60.5%
VWIV	84.4%	77.6%	91.2%	77.6%	91.2%
Skew 25d	-33.5%	-172.7%	11.7%	-172.7%	11.5%
Skew 10d	-33.2%	-148.0%	42.6%	32.8%	-148.0%
Call IV 25d	146.4%	33.4%	197.4%	197.4%	176.8%
Put IV 25d	112.8%	24.7%	188.3%	24.7%	188.3%
Bid-Ask Spread %	153.09	136.58	165.85	157.30	154.26
Gamma HHI	0.54	0.49	0.69	0.66	0.49
Net GEX	1.3K	1.0K	2.1K	1.6K	1.1K
Net DEX	-40.6K	-53.2K	-31.1K	-52.2K	-40.8K
Net VEX	-247	-292	-230	-292	-232
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.07	0.07	0.07	0.07	0.07
Total Volume	6.636	0	73	0	0
Total OI	63.091	52	74	74	52

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
2020-07-01	$20.06	$22.00	151.9%	43.5%	36.4%	76.7%	0.0%	-172.7%	-66.4%	1.6K	-52.2K	-292	0.00	157.30	0	0	69	5
2020-07-02	$20.12	$22.00	156.6%	44.9%	36.5%	79.1%	0.0%	-165.9%	-66.9%	1.6K	-53.2K	-292	0.00	152.24	0	0	69	5
2020-07-06	$19.79	$21.00	184.3%	28.3%	34.7%	93.3%	77.6%	3.9%	-22.2%	1.6K	-52.8K	-275	0.07	153.89	68	5	69	3
2020-07-07	$19.71	$21.00	53.2%	8.9%	32.1%	26.2%	0.0%	0.7%	-3.2%	2.1K	-31.1K	-230	0.00	136.58	0	0	69	3
2020-07-08	$19.76	$21.00	198.8%	28.2%	31.5%	100.0%	0.0%	7.4%	-20.6%	2.0K	-44.0K	-260	0.00	152.21	0	0	69	3
2020-07-09	$19.38	$21.00	97.8%	28.0%	31.6%	48.7%	0.0%	7.2%	-21.1%	1.0K	-32.8K	-236	0.00	152.18	0	0	69	3
2020-07-10	$19.63	$21.00	95.7%	27.4%	22.5%	47.6%	0.0%	7.1%	-22.2%	1.9K	-41.6K	-253	0.00	152.03	0	0	69	3
2020-07-13	$19.66	$21.00	98.2%	28.2%	22.5%	48.9%	0.0%	6.7%	-24.2%	1.1K	-34.9K	-237	0.00	153.02	0	0	69	3
2020-07-14	$19.89	$21.00	101.1%	29.0%	20.9%	50.4%	0.0%	3.6%	-34.9%	1.1K	-36.2K	-238	0.00	153.94	0	0	69	3
2020-07-15	$20.25	$21.00	99.3%	28.5%	21.7%	49.5%	91.2%	7.2%	-23.8%	1.1K	-39.2K	-246	0.07	154.25	68	5	69	3
2020-07-16	$20.28	$21.00	100.6%	28.8%	21.6%	50.1%	0.0%	7.1%	-24.4%	1.1K	-39.5K	-246	0.00	154.13	0	0	69	3
2020-07-17	$20.41	$21.00	101.7%	29.1%	21.7%	50.7%	0.0%	8.6%	-24.8%	1.2K	-39.5K	-246	0.00	165.85	0	0	69	3
2020-07-20	$20.14	$21.00	107.2%	30.7%	21.9%	53.5%	0.0%	-5.9%	-30.1%	1.2K	-37.4K	-239	0.00	149.00	0	0	49	3
2020-07-21	$20.45	$21.00	107.9%	30.9%	22.8%	53.8%	0.0%	8.3%	-31.5%	1.2K	-39.7K	-242	0.00	151.52	0	0	49	3
2020-07-22	$20.53	$21.00	106.7%	30.6%	22.8%	53.2%	0.0%	9.4%	-31.4%	1.2K	-40.1K	-242	0.00	152.91	0	0	49	3
2020-07-23	$20.45	$21.00	111.5%	32.0%	20.8%	55.7%	0.0%	-119.5%	-30.5%	1.2K	-40.0K	-241	0.00	155.79	0	0	49	3
2020-07-24	$20.38	$21.00	113.8%	32.6%	19.1%	56.8%	0.0%	-124.6%	-40.3%	1.2K	-39.3K	-238	0.00	153.83	0	0	49	3
2020-07-27	$20.20	$21.00	121.0%	34.7%	17.4%	60.5%	0.0%	-125.1%	-47.4%	1.2K	-37.8K	-233	0.00	150.78	0	0	49	3
2020-07-28	$20.31	$21.00	123.1%	35.3%	16.9%	61.6%	0.0%	-134.7%	-50.2%	1.2K	-38.6K	-234	0.00	153.70	0	0	49	3
2020-07-29	$20.65	$21.00	121.6%	34.9%	17.0%	60.8%	0.0%	10.2%	-41.4%	1.2K	-42.3K	-240	0.00	153.83	0	0	49	3
2020-07-30	$20.47	$21.00	128.0%	36.7%	17.2%	64.0%	0.0%	11.7%	-56.6%	1.1K	-41.0K	-233	0.00	154.84	0	0	49	3
2020-07-31	$20.48	$21.00	131.0%	37.5%	17.2%	65.5%	0.0%	11.5%	-60.5%	1.1K	-40.8K	-232	0.00	154.26	0	0	49	3