EMLP Options History — February 2021

In February 2021, EMLP traded between $21.24 and $22.01. ATM implied volatility averaged 47.5%, placing in the 23.1% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded above realized volatility by 31.9% (HV 20d: 15.6%). Max pain ranged from $20.00 to $20.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 0.00.

Notable Days

2021-02-24: Highest Volume — 5 contracts
2021-02-16: Largest IV spike — 182.7% change
2021-02-16: Highest IV Rank — 49.4%
2021-02-16: Largest Expected Move — 28.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$21.80	$21.24	$22.01	$21.57	$21.24
Max Pain	$20.00	$20.00	$20.00	$20.00	$20.00
ATM IV	47.5%	22.4%	99.1%	44.5%	43.9%
Expected Move	12.4%	6.4%	28.4%	12.8%	12.6%
HV 20d	15.6%	10.8%	20.6%	20.6%	11.2%
HV 60d	17.8%	16.0%	20.6%	20.6%	16.0%
IV Rank	23.1%	10.4%	49.4%	21.6%	21.3%
IV Percentile	19.8%	5.6%	44.8%	18.3%	21.4%
Term Structure	-10.4%	-47.9%	11.4%	-13.0%	-15.1%
VWIV	34.3%	24.7%	45.5%	24.7%	32.8%
Skew 25d	4.8%	-6.9%	25.4%	1.9%	25.4%
Skew 10d	5.4%	-8.8%	18.0%	5.7%	4.1%
Call IV 25d	49.5%	20.9%	142.7%	52.2%	26.4%
Put IV 25d	54.2%	20.1%	151.7%	54.1%	51.7%
Bid-Ask Spread %	138.47	121.60	156.44	136.03	134.38
Gamma HHI	0.81	0.69	0.93	0.82	0.69
Net GEX	7.1K	6.3K	8.0K	6.3K	6.6K
Net DEX	-77.9K	-87.1K	-58.7K	-74.6K	-58.7K
Net VEX	-543	-582	-431	-550	-431
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	0.579	0	5	0	0
Total OI	141.526	139	150	139	150

Daily Data (19 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	Call OI	Put OI
2021-02-01	$21.57	$0.00	44.5%	12.8%	20.6%	21.6%	0.0%	1.9%	-13.0%	6.3K	-74.6K	-550	136.03	0	138	1
2021-02-02	$21.70	$0.00	44.4%	12.7%	19.8%	21.6%	0.0%	2.5%	-13.3%	6.7K	-75.0K	-558	134.95	0	138	1
2021-02-03	$21.68	$0.00	47.2%	13.5%	19.0%	23.0%	0.0%	2.9%	-14.4%	6.7K	-73.0K	-543	135.70	0	138	1
2021-02-04	$21.73	$20.00	65.8%	12.6%	16.8%	32.4%	0.0%	3.3%	-12.4%	6.7K	-74.4K	-543	141.89	0	138	1
2021-02-05	$21.88	$20.00	48.1%	8.5%	16.8%	23.5%	0.0%	2.3%	-1.7%	7.3K	-81.3K	-582	136.14	0	139	1
2021-02-08	$21.91	$20.00	53.4%	9.7%	16.7%	26.2%	0.0%	2.5%	-10.0%	7.2K	-82.3K	-576	138.18	0	139	1
2021-02-09	$21.86	$20.00	56.1%	9.8%	16.7%	27.5%	0.0%	2.1%	-10.7%	7.0K	-81.8K	-573	137.48	0	139	1
2021-02-10	$21.95	$20.00	22.4%	6.4%	15.5%	10.4%	0.0%	-0.8%	-1.7%	7.4K	-86.3K	-577	134.78	0	139	1
2021-02-11	$21.88	$20.00	33.7%	9.7%	15.3%	16.1%	0.0%	-6.9%	-10.4%	7.2K	-77.9K	-566	137.14	0	139	1
2021-02-12	$21.95	$20.00	35.1%	10.1%	14.9%	16.8%	0.0%	3.6%	-10.0%	7.3K	-81.7K	-566	137.98	0	139	1
2021-02-16	$22.01	$20.00	99.1%	28.4%	15.0%	49.4%	0.0%	22.3%	-47.9%	7.5K	-84.3K	-559	156.44	2	139	1
2021-02-17	$21.96	$20.00	70.4%	20.2%	15.0%	34.8%	0.0%	9.0%	11.4%	7.1K	-83.4K	-565	155.39	0	141	1
2021-02-18	$21.88	$20.00	37.5%	10.8%	14.9%	18.1%	0.0%	2.5%	-7.1%	7.5K	-78.2K	-527	138.15	0	141	1
2021-02-19	$21.88	$20.00	23.0%	6.6%	14.5%	10.7%	24.7%	-1.4%	-1.2%	7.5K	-87.1K	-566	121.60	1	141	1
2021-02-22	$21.76	$20.00	39.4%	11.3%	14.4%	19.0%	0.0%	1.2%	0.5%	7.3K	-72.3K	-511	136.70	0	142	1
2021-02-23	$21.81	$20.00	39.6%	11.4%	14.4%	19.2%	0.0%	2.8%	-8.6%	7.4K	-73.2K	-509	137.84	0	142	1
2021-02-24	$21.95	$20.00	43.5%	12.5%	14.5%	21.1%	45.5%	14.0%	-16.0%	8.0K	-78.2K	-511	133.68	5	142	1
2021-02-25	$21.63	$20.00	55.0%	15.8%	10.8%	27.0%	32.8%	1.2%	-16.0%	7.1K	-75.7K	-512	146.47	3	147	1
2021-02-26	$21.24	$20.00	43.9%	12.6%	11.2%	21.3%	0.0%	25.4%	-15.1%	6.6K	-58.7K	-431	134.38	0	149	1