EMLP Options History — November 2021

In November 2021, EMLP traded between $24.04 and $25.32. ATM implied volatility averaged 34.3%, placing in the 11.8% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 24.9% (HV 20d: 9.5%). Max pain ranged from $22.00 to $25.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 1.12.

Notable Days

2021-11-19: Highest Volume — 58 contracts
2021-11-10: Largest IV drop — 30.9% change
2021-11-26: Highest IV Rank — 16.2%
2021-11-26: Largest Expected Move — 11.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.89	$24.04	$25.32	$25.32	$24.04
Max Pain	$22.43	$22.00	$25.00	$25.00	$22.00
ATM IV	34.3%	27.2%	41.4%	36.3%	37.5%
Expected Move	9.2%	7.5%	11.9%	10.4%	10.7%
HV 20d	9.5%	8.4%	12.1%	9.3%	12.1%
HV 60d	11.3%	10.9%	11.9%	11.5%	11.9%
IV Rank	11.8%	8.0%	16.2%	12.3%	14.0%
IV Percentile	37.8%	12.3%	66.3%	46.8%	52.4%
Term Structure	-8.4%	-11.9%	-5.6%	-10.0%	-11.6%
VWIV	34.3%	28.0%	45.3%	38.3%	44.2%
Skew 25d	-7.1%	-32.3%	3.3%	-17.9%	0.5%
Skew 10d	-9.8%	-38.2%	3.7%	-32.8%	2.7%
Call IV 25d	37.6%	30.1%	53.0%	35.2%	48.5%
Put IV 25d	30.5%	13.4%	53.1%	17.3%	49.0%
Bid-Ask Spread %	135.31	130.08	140.05	136.83	133.87
Gamma HHI	0.51	0.32	0.77	0.36	0.32
Net GEX	1.8K	-170	5.3K	-85	192
Net DEX	-19.8K	-49.7K	2.7K	-4.0K	-2.7K
Net VEX	-49	-97	-22	-41	-22
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.12	0.33	2.00	2.00	1.71
Total Volume	37.619	19	58	21	19
Total OI	33.571	16	55	19	16

Daily Data (21 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
2021-11-01	$25.32	$25.00	36.3%	10.4%	9.3%	12.3%	38.3%	-17.9%	-10.0%	-85	-4.0K	-41	2.00	136.83	7	14	7	12
2021-11-02	$25.18	$25.00	38.1%	10.9%	9.5%	13.3%	37.9%	3.3%	-11.9%	-42	-3.3K	-41	2.00	138.41	7	14	7	12
2021-11-03	$25.16	$25.00	38.1%	10.9%	9.4%	13.3%	38.8%	-32.3%	-11.9%	-49	-3.2K	-40	2.00	138.83	7	14	7	12
2021-11-04	$25.01	$22.00	38.9%	7.5%	9.8%	13.8%	28.0%	-16.2%	-5.6%	-43	-2.3K	-39	2.00	132.18	7	14	7	12
2021-11-05	$25.17	$22.00	40.7%	7.8%	9.9%	14.7%	28.4%	-6.5%	-6.3%	-38	-3.2K	-39	2.00	135.14	7	14	7	12
2021-11-08	$24.99	$22.00	39.1%	7.8%	10.4%	13.8%	29.0%	-9.9%	-7.1%	-170	-2.2K	-37	0.33	131.90	43	14	7	12
2021-11-09	$25.02	$22.00	39.4%	8.0%	10.3%	14.2%	30.0%	1.6%	-6.5%	4.7K	-49.1K	-97	0.33	133.35	43	14	43	12
2021-11-10	$24.87	$22.00	27.2%	7.8%	9.9%	8.0%	29.4%	0.8%	-7.0%	4.1K	-45.9K	-93	0.33	135.16	43	14	43	12
2021-11-11	$24.90	$22.00	28.8%	8.3%	8.9%	8.9%	30.5%	1.3%	-7.9%	3.9K	-46.8K	-89	0.33	136.57	43	14	43	12
2021-11-12	$24.91	$22.00	29.2%	8.4%	8.7%	9.1%	31.2%	1.3%	-7.4%	4.4K	-46.6K	-85	0.33	136.53	43	14	43	12
2021-11-15	$25.04	$22.00	29.6%	8.5%	8.9%	9.4%	31.6%	-7.5%	-7.9%	4.5K	-49.7K	-71	0.33	135.81	43	14	43	12
2021-11-16	$25.01	$22.00	30.1%	8.6%	8.6%	9.7%	31.7%	-7.3%	-9.3%	5.3K	-48.9K	-65	0.33	135.72	43	14	43	12
2021-11-17	$24.83	$22.00	29.8%	8.5%	8.4%	9.5%	32.4%	-5.1%	-8.7%	4.9K	-44.0K	-58	0.33	134.34	43	14	43	12
2021-11-18	$24.68	$22.00	30.8%	8.8%	8.6%	10.1%	32.9%	-3.0%	-7.3%	4.7K	-40.2K	-48	0.33	135.39	43	14	43	12
2021-11-19	$24.57	$22.00	31.8%	9.1%	8.4%	10.7%	34.3%	0.5%	-7.8%	246	2.7K	-28	0.35	135.69	43	15	43	12
2021-11-22	$24.77	$22.00	31.7%	9.1%	9.0%	10.6%	34.6%	-23.2%	-7.4%	330	-4.9K	-26	1.71	130.08	7	12	7	9
2021-11-23	$24.83	$22.00	32.3%	9.3%	9.1%	11.0%	35.4%	1.5%	-7.9%	290	-5.4K	-27	1.71	135.09	7	12	7	9
2021-11-24	$25.03	$22.00	33.0%	9.4%	9.2%	11.3%	35.9%	-24.1%	-7.7%	345	-6.0K	-26	1.71	134.78	7	12	7	9
2021-11-26	$24.66	$22.00	41.4%	11.9%	10.6%	16.2%	45.3%	0.1%	-11.7%	268	-5.1K	-27	1.71	140.05	7	12	7	9
2021-11-29	$24.61	$22.00	37.4%	10.7%	10.5%	13.9%	41.1%	-7.1%	-8.2%	286	-4.7K	-24	1.71	135.83	7	12	7	9
2021-11-30	$24.04	$22.00	37.5%	10.7%	12.1%	14.0%	44.2%	0.5%	-11.6%	192	-2.7K	-22	1.71	133.87	7	12	7	9