EMLP Options History — December 2020

In December 2020, EMLP traded between $20.73 and $21.89. ATM implied volatility averaged 45.8%, placing in the 22.3% IV rank vs the trailing year. The 30-day expected move averaged 12.3%. IV traded above realized volatility by 26.1% (HV 20d: 19.7%). Max pain ranged from $21.00 to $23.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2020-12-04: Highest Volume — 102 contracts
2020-12-10: Largest IV spike — 154.1% change
2020-12-10: Highest IV Rank — 46.0%
2020-12-10: Largest Expected Move — 26.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$21.36	$20.73	$21.89	$21.29	$20.94
Max Pain	$21.50	$21.00	$23.00	$22.00	$21.00
ATM IV	45.8%	31.9%	92.5%	49.4%	50.2%
Expected Move	12.3%	8.1%	26.5%	14.2%	14.4%
HV 20d	19.7%	15.3%	25.4%	25.4%	15.5%
HV 60d	20.7%	20.1%	21.3%	21.3%	20.2%
IV Rank	22.3%	15.2%	46.0%	24.1%	24.5%
IV Percentile	12.8%	6.7%	30.6%	11.9%	18.7%
Term Structure	-7.1%	-45.9%	34.5%	-13.9%	-15.3%
VWIV	29.8%	24.3%	35.5%	29.5%	24.3%
Skew 25d	5.5%	-6.8%	60.1%	1.5%	3.6%
Skew 10d	3.3%	-66.0%	97.1%	4.6%	3.7%
Call IV 25d	50.3%	24.0%	115.2%	56.9%	59.9%
Put IV 25d	55.8%	29.4%	133.0%	58.4%	63.6%
Bid-Ask Spread %	136.98	121.62	154.94	136.65	136.17
Gamma HHI	0.64	0.42	0.91	0.70	0.65
Net GEX	5.5K	2.9K	12.2K	2.9K	5.4K
Net DEX	-71.0K	-130.1K	-36.1K	-36.1K	-76.7K
Net VEX	-449	-667	-77	-78	-612
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	7.636	0	102	0	0
Total OI	115.818	43	149	43	149

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	Put Vol	Call OI	Put OI
2020-12-01	$21.29	$22.00	49.4%	14.2%	25.4%	24.1%	0.0%	1.5%	-13.9%	2.9K	-36.1K	-78	136.65	0	0	43	0
2020-12-02	$21.45	$22.00	49.9%	14.3%	25.1%	24.4%	0.0%	1.8%	-13.4%	3.0K	-38.3K	-77	136.71	0	1	43	0
2020-12-03	$21.55	$0.00	48.0%	9.9%	24.8%	23.4%	0.0%	2.7%	-7.7%	3.1K	-38.7K	-82	134.74	0	0	43	1
2020-12-04	$21.80	$0.00	35.0%	8.1%	25.0%	16.8%	0.0%	5.4%	3.7%	4.7K	-39.5K	-78	124.07	102	0	43	1
2020-12-07	$21.64	$0.00	56.1%	10.4%	24.6%	27.5%	0.0%	1.8%	-7.5%	7.2K	-101.5K	-597	135.97	0	0	145	1
2020-12-08	$21.77	$0.00	57.0%	10.4%	20.3%	28.0%	0.0%	3.4%	-7.9%	7.5K	-98.6K	-564	135.77	0	0	145	1
2020-12-09	$21.61	$0.00	36.4%	10.4%	19.8%	17.5%	0.0%	0.8%	-8.8%	7.3K	-100.8K	-590	134.45	0	0	145	1
2020-12-10	$21.88	$0.00	92.5%	26.5%	20.2%	46.0%	0.0%	60.1%	-45.9%	5.7K	-130.1K	-667	154.94	0	0	145	1
2020-12-11	$21.84	$0.00	36.9%	10.6%	18.2%	17.8%	0.0%	3.0%	-7.8%	7.5K	-108.4K	-599	136.10	0	0	145	1
2020-12-14	$21.52	$0.00	33.7%	9.7%	17.9%	16.1%	0.0%	16.2%	30.8%	12.2K	-72.1K	-530	154.48	0	0	145	1
2020-12-15	$21.89	$0.00	37.7%	10.8%	18.2%	18.2%	0.0%	3.6%	-8.2%	7.8K	-108.9K	-571	134.14	0	0	145	1
2020-12-16	$21.63	$0.00	34.3%	9.8%	18.7%	16.5%	0.0%	-6.5%	-6.1%	7.9K	-94.0K	-516	133.83	0	0	145	1
2020-12-17	$21.63	$0.00	39.6%	11.3%	18.1%	19.1%	0.0%	1.2%	34.5%	8.1K	-92.9K	-509	137.21	0	0	145	1
2020-12-18	$21.31	$0.00	39.6%	11.4%	19.0%	19.1%	0.0%	0.3%	-9.2%	3.9K	-51.3K	-479	133.96	0	0	145	1
2020-12-21	$21.03	$0.00	56.7%	16.2%	19.7%	27.8%	0.0%	2.1%	-14.5%	3.7K	-44.2K	-418	147.58	0	0	103	1
2020-12-22	$21.03	$0.00	32.4%	9.3%	18.8%	15.5%	29.5%	-6.8%	-2.2%	3.7K	-62.5K	-516	121.62	1	0	103	1
2020-12-23	$21.11	$23.00	31.9%	9.1%	17.0%	15.2%	35.5%	4.8%	0.8%	3.8K	-62.2K	-510	135.60	0	2	104	1
2020-12-24	$20.80	$21.00	43.8%	12.6%	17.7%	21.3%	0.0%	3.1%	-11.2%	3.5K	-41.7K	-430	138.34	0	0	104	3
2020-12-28	$20.73	$21.00	47.9%	13.7%	17.5%	23.4%	0.0%	1.1%	-15.9%	3.5K	-55.1K	-487	136.54	10	0	104	3
2020-12-29	$20.73	$21.00	47.9%	13.7%	15.7%	23.4%	24.3%	15.0%	-13.4%	3.6K	-55.4K	-494	136.94	32	0	106	3
2020-12-30	$20.74	$21.00	50.1%	14.4%	15.3%	24.5%	0.0%	2.0%	-16.8%	4.6K	-53.6K	-480	137.75	20	0	126	3
2020-12-31	$20.94	$21.00	50.2%	14.4%	15.5%	24.5%	0.0%	3.6%	-15.3%	5.4K	-76.7K	-612	136.17	0	0	146	3