EMLP Options History — March 2021

In March 2021, EMLP traded between $21.73 and $23.21. ATM implied volatility averaged 42.5%, placing in the 20.6% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded above realized volatility by 26.7% (HV 20d: 15.8%). Max pain ranged from $20.00 to $20.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 0.00.

Notable Days

2021-03-12: Highest Volume — 3 contracts
2021-03-12: Largest IV spike — 351.3% change
2021-03-16: Highest IV Rank — 47.1%
2021-03-16: Largest Expected Move — 27.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$22.54	$21.73	$23.21	$21.73	$22.82
Max Pain	$20.00	$20.00	$20.00	$20.00	$20.00
ATM IV	42.5%	19.6%	94.7%	30.9%	44.4%
Expected Move	11.4%	5.6%	27.1%	8.8%	12.7%
HV 20d	15.8%	13.0%	18.9%	13.4%	15.2%
HV 60d	16.4%	16.1%	16.8%	16.6%	16.1%
IV Rank	20.6%	9.0%	47.1%	14.7%	21.6%
IV Percentile	19.7%	5.6%	43.7%	7.1%	27.4%
Term Structure	-10.3%	-40.7%	11.7%	11.7%	-25.3%
Skew 25d	1.6%	-22.7%	25.7%	25.7%	2.1%
Skew 10d	1.3%	-39.1%	40.0%	3.5%	3.3%
Call IV 25d	48.1%	19.8%	130.4%	27.2%	53.6%
Put IV 25d	49.7%	20.0%	141.2%	52.9%	55.7%
Bid-Ask Spread %	135.06	119.96	156.32	136.34	137.12
Gamma HHI	0.82	0.62	0.99	0.68	0.97
Net GEX	11.0K	8.0K	14.5K	8.1K	13.4K
Net DEX	-92.9K	-140.3K	-61.3K	-73.5K	-81.9K
Net VEX	-501	-597	-412	-472	-458
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	0.348	0	3	0	0
Total OI	145.043	134	151	150	136

Daily Data (23 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
2021-03-01	$21.73	$20.00	30.9%	8.8%	13.4%	14.7%	0.0%	25.7%	11.7%	8.1K	-73.5K	-472	136.34	0	149	1
2021-03-02	$21.79	$20.00	44.4%	12.7%	13.2%	21.6%	0.0%	10.4%	-12.0%	8.1K	-75.4K	-472	136.61	0	149	1
2021-03-03	$21.73	$20.00	45.1%	12.9%	13.0%	22.0%	0.0%	12.5%	-12.8%	8.0K	-69.6K	-462	136.43	0	149	1
2021-03-04	$21.78	$0.00	45.2%	8.2%	13.1%	22.0%	0.0%	8.6%	-7.0%	8.2K	-72.6K	-462	132.33	0	149	1
2021-03-05	$22.13	$0.00	45.7%	9.1%	14.2%	22.3%	0.0%	3.2%	-5.9%	9.4K	-83.1K	-498	133.06	1	149	1
2021-03-08	$22.43	$0.00	52.6%	9.5%	14.7%	25.8%	0.0%	1.4%	-8.4%	10.0K	-104.4K	-562	135.13	0	150	1
2021-03-09	$22.41	$0.00	30.2%	5.6%	14.8%	14.4%	0.0%	0.2%	-1.0%	11.2K	-96.0K	-514	137.86	0	150	1
2021-03-10	$22.73	$0.00	32.1%	9.2%	15.4%	15.4%	0.0%	2.5%	-7.3%	11.6K	-113.6K	-561	133.87	0	150	1
2021-03-11	$22.80	$0.00	19.8%	5.7%	15.4%	9.1%	0.0%	-9.8%	-2.1%	12.9K	-107.5K	-522	129.07	0	150	1
2021-03-12	$22.99	$0.00	89.4%	25.6%	15.4%	44.4%	0.0%	4.2%	-36.8%	11.5K	-124.9K	-588	154.24	3	150	1
2021-03-15	$23.21	$0.00	33.4%	9.6%	15.6%	16.0%	0.0%	2.4%	-8.1%	13.5K	-140.3K	-597	135.51	0	150	1
2021-03-16	$23.12	$0.00	94.7%	27.1%	15.8%	47.1%	0.0%	10.8%	-40.7%	14.5K	-139.3K	-590	156.32	0	150	1
2021-03-17	$22.91	$0.00	35.2%	10.1%	16.3%	16.9%	0.0%	0.9%	-9.9%	12.1K	-122.0K	-558	135.61	0	150	1
2021-03-18	$22.48	$0.00	36.5%	10.5%	17.8%	17.5%	0.0%	-0.4%	0.8%	11.1K	-99.6K	-489	132.45	0	150	1
2021-03-19	$22.77	$0.00	35.4%	10.2%	18.3%	17.0%	0.0%	3.0%	1.4%	8.4K	-130.2K	-570	132.70	0	150	1
2021-03-22	$22.62	$0.00	39.1%	11.2%	18.3%	18.9%	0.0%	1.1%	-9.1%	10.3K	-75.4K	-467	135.79	0	133	1
2021-03-23	$22.40	$0.00	19.6%	5.6%	18.8%	9.0%	0.0%	-6.8%	-5.9%	9.3K	-61.3K	-412	130.91	0	133	1
2021-03-24	$22.61	$0.00	38.5%	11.0%	18.9%	18.6%	0.0%	1.3%	-9.9%	10.9K	-61.6K	-417	134.36	2	133	1
2021-03-25	$22.57	$0.00	39.1%	11.2%	18.0%	18.9%	0.0%	2.1%	-11.0%	11.8K	-64.4K	-426	134.43	0	133	1
2021-03-26	$22.82	$0.00	39.3%	11.3%	16.5%	19.0%	0.0%	2.1%	-10.7%	13.1K	-82.3K	-491	136.11	0	133	1
2021-03-29	$22.87	$0.00	42.4%	12.2%	14.9%	20.6%	0.0%	-17.0%	-12.6%	13.5K	-83.8K	-482	120.13	2	133	1
2021-03-30	$22.70	$0.00	44.4%	12.7%	15.3%	21.6%	0.0%	-22.7%	-14.6%	12.8K	-73.6K	-460	119.96	0	135	1
2021-03-31	$22.82	$0.00	44.4%	12.7%	15.2%	21.6%	0.0%	2.1%	-25.3%	13.4K	-81.9K	-458	137.12	0	135	1