EMLP Options History — September 2020

In September 2020, EMLP traded between $18.76 and $20.45. ATM implied volatility averaged 120.2%, placing in the 60.1% IV rank vs the trailing year. The 30-day expected move averaged 34.5%. IV traded above realized volatility by 105.2% (HV 20d: 15.0%). Max pain ranged from $18.00 to $18.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days.

Notable Days

  • 2020-09-08: Largest IV drop — 31.6% change
  • 2020-09-30: Highest IV Rank — 80.5%
  • 2020-09-30: Largest Expected Move — 46.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.63$18.76$20.45$20.18$19.01
Max Pain$18.00$18.00$18.00$18.00$18.00
ATM IV120.2%78.5%160.4%106.8%160.4%
Expected Move34.5%26.6%46.0%30.6%46.0%
HV 20d15.0%11.6%18.9%11.6%18.9%
HV 60d17.5%15.7%22.6%22.6%16.2%
IV Rank60.1%38.9%80.5%53.2%80.5%
IV Percentile67.6%24.6%89.3%59.5%89.3%
Term Structure-41.7%-70.5%30.8%27.4%-70.5%
Skew 25d-76.8%-166.7%34.4%-160.8%-160.5%
Skew 10d-104.2%-152.1%47.6%-152.1%-144.4%
Call IV 25d164.6%129.4%198.9%185.9%191.5%
Put IV 25d87.8%24.5%191.3%25.1%31.1%
Bid-Ask Spread %152.99142.09181.43142.09153.95
Gamma HHI0.570.400.700.500.70
Net GEX9756741.3K1.1K833
Net DEX-36.5K-45.8K-30.9K-40.9K-32.8K
Net VEX-164-192-144-190-146
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI46.95242505042

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-09-01$20.18$18.00106.8%30.6%11.6%53.2%0.0%-160.8%27.4%1.1K-40.9K-1900.00142.0900491
2020-09-02$20.45$18.00107.7%30.9%12.7%53.7%0.0%-166.7%30.8%1.1K-42.9K-1920.00144.7400491
2020-09-03$20.12$0.00112.3%26.6%13.7%56.1%0.0%7.8%-34.2%1.1K-40.4K-1880.00154.9500491
2020-09-04$20.05$0.00114.9%27.0%12.9%57.4%0.0%8.3%-35.4%1.1K-38.8K-1840.00152.3100491
2020-09-08$19.87$0.0078.5%0.0%12.1%38.9%0.0%34.4%-62.7%674-45.8K-1740.00181.4300491
2020-09-09$20.14$0.00100.1%28.7%13.2%49.9%0.0%8.3%-39.7%980-38.8K-1760.00152.4900491
2020-09-10$19.80$0.00102.3%29.3%13.1%51.0%0.0%9.0%-42.6%948-36.3K-1720.00154.8700491
2020-09-11$19.76$0.00103.9%29.8%13.1%51.8%0.0%-94.4%-44.0%1.1K-36.3K-1700.00153.6600491
2020-09-14$19.94$0.00108.2%31.0%13.9%54.0%0.0%-53.8%-46.9%1.2K-37.7K-1690.00153.8300491
2020-09-15$19.84$0.00110.2%31.6%13.8%55.0%0.0%-102.6%-49.0%1.2K-36.9K-1660.00150.6800491
2020-09-16$19.98$0.00111.7%32.0%14.2%55.7%0.0%-85.0%-49.6%1.3K-37.9K-1670.00151.9600491
2020-09-17$19.73$0.00114.2%32.7%14.6%57.0%0.0%10.0%-39.4%1.3K-35.6K-1600.00156.2700491
2020-09-18$19.61$0.00116.5%33.4%14.6%58.2%0.0%9.6%-41.5%877-34.9K-1580.00155.3400491
2020-09-21$19.30$0.00127.8%36.7%15.3%64.0%0.0%-139.4%-45.1%838-33.3K-1530.00147.6000420
2020-09-22$19.45$0.00129.9%37.2%15.8%65.0%0.0%-10.7%-46.1%857-34.1K-1530.00149.1100420
2020-09-23$18.91$0.00134.8%38.6%17.9%67.5%0.0%-148.8%-51.7%814-30.9K-1440.00151.5600420
2020-09-24$18.76$0.00137.6%39.5%17.6%68.9%0.0%-141.5%-53.5%799-31.7K-1450.00152.0200420
2020-09-25$18.93$0.00140.3%40.2%17.9%70.3%0.0%-154.7%-54.8%814-32.6K-1500.00149.4400420
2020-09-28$19.18$0.00150.4%43.1%18.9%75.4%0.0%-139.8%-61.6%857-33.5K-1480.00150.0300420
2020-09-29$19.18$0.00154.8%44.4%18.9%77.6%0.0%-141.5%-65.1%840-33.9K-1490.00154.4000420
2020-09-30$19.01$0.00160.4%46.0%18.9%80.5%0.0%-160.5%-70.5%833-32.8K-1460.00153.9500420