EMLP Options History — December 2021

In December 2021, EMLP traded between $23.89 and $24.98. ATM implied volatility averaged 41.5%, placing in the 16.3% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded above realized volatility by 27.4% (HV 20d: 14.0%). Max pain ranged from $22.00 to $22.00. Net GEX was positive for 12 of 22 trading days. Term structure was in contango for 0 of 22 days. Put/call ratio averaged 1.66.

Notable Days

2021-12-01: Highest Volume — 19 contracts
2021-12-27: Largest IV spike — 72.3% change
2021-12-14: Highest IV Rank — 41.9%
2021-12-03: Largest Expected Move — 12.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.46	$23.89	$24.98	$23.89	$24.98
Max Pain	$22.00	$22.00	$22.00	$22.00	$22.00
ATM IV	41.5%	22.6%	85.5%	39.4%	33.5%
Expected Move	9.0%	6.5%	12.0%	11.3%	9.6%
HV 20d	14.0%	11.3%	15.8%	12.2%	11.3%
HV 60d	11.9%	11.4%	12.3%	11.8%	11.5%
IV Rank	16.3%	5.3%	41.9%	15.0%	11.6%
IV Percentile	51.7%	4.4%	96.8%	59.1%	38.9%
Term Structure	-7.4%	-15.4%	-2.7%	-13.5%	-7.5%
VWIV	40.8%	37.0%	47.1%	47.1%	38.4%
Skew 25d	-4.8%	-32.2%	27.4%	0.3%	1.0%
Skew 10d	-7.0%	-30.0%	3.1%	2.6%	2.1%
Call IV 25d	35.3%	25.2%	50.4%	50.4%	42.2%
Put IV 25d	30.6%	13.0%	53.5%	50.7%	43.2%
Bid-Ask Spread %	135.43	131.20	140.39	131.90	135.94
Gamma HHI	0.65	0.33	1.00	0.33	1.00
Net GEX	66	-216	299	238	-191
Net DEX	-1.3K	-4.5K	2.3K	-2.3K	1.6K
Net VEX	-14	-22	-8	-22	-8
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.66	1.00	1.71	1.71	1.00
Total Volume	13.455	6	19	19	6
Total OI	12.727	8	16	16	8

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	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2021-12-01	$23.89	$22.00	39.4%	11.3%	12.2%	15.0%	47.1%	0.3%	-13.5%	238	-2.3K	-22	1.71	131.90	7	12	7	9
2021-12-02	$24.15	$22.00	39.8%	11.4%	13.1%	15.3%	37.0%	27.4%	-12.9%	258	-3.0K	-22	1.71	133.50	7	12	7	9
2021-12-03	$24.03	$22.00	42.0%	12.0%	13.0%	16.6%	38.4%	23.9%	-15.4%	250	-2.7K	-21	1.71	133.49	7	12	7	9
2021-12-06	$24.35	$0.00	47.6%	7.7%	13.8%	19.8%	0.0%	1.5%	-3.5%	272	-3.6K	-20	1.71	135.81	7	12	7	9
2021-12-07	$24.57	$0.00	47.8%	7.9%	14.2%	20.0%	0.0%	1.3%	-15.0%	281	-4.4K	-20	1.71	136.82	7	12	7	9
2021-12-08	$24.59	$0.00	50.4%	8.0%	14.1%	21.5%	0.0%	0.7%	-4.9%	288	-4.4K	-19	1.71	137.04	7	12	7	9
2021-12-09	$24.44	$0.00	55.6%	8.3%	14.2%	24.5%	0.0%	1.0%	-5.6%	283	-3.9K	-19	1.71	137.70	7	12	7	9
2021-12-10	$24.47	$0.00	58.4%	8.1%	14.2%	26.1%	0.0%	1.0%	-4.2%	286	-4.0K	-18	1.71	137.70	7	12	7	9
2021-12-13	$24.54	$0.00	73.1%	8.5%	14.2%	34.7%	0.0%	1.1%	-6.8%	292	-4.2K	-16	1.71	136.63	7	12	7	9
2021-12-14	$24.29	$0.00	85.5%	8.3%	14.4%	41.9%	0.0%	0.9%	-5.4%	271	-3.3K	-15	1.71	136.40	7	12	7	9
2021-12-15	$24.54	$0.00	29.1%	8.4%	15.0%	9.1%	0.0%	1.3%	-5.8%	290	-4.1K	-14	1.71	136.04	7	12	7	9
2021-12-16	$24.64	$0.00	29.5%	8.5%	14.9%	9.3%	0.0%	0.7%	-4.9%	299	-4.5K	-13	1.71	135.28	7	12	7	9
2021-12-17	$24.47	$0.00	30.4%	8.7%	15.0%	9.9%	0.0%	0.4%	-5.2%	-162	-325	-10	1.00	137.48	7	7	7	9
2021-12-20	$24.15	$0.00	30.8%	8.8%	15.6%	10.0%	0.0%	-9.3%	-4.4%	-162	2.3K	-9	0.00	134.66	0	6	0	8
2021-12-21	$24.34	$0.00	25.6%	7.3%	15.6%	7.1%	0.0%	-12.4%	-2.7%	-164	2.2K	-9	0.00	131.32	0	6	0	8
2021-12-22	$24.51	$0.00	32.4%	9.3%	15.8%	11.0%	0.0%	-14.1%	-6.2%	-175	2.1K	-9	0.00	131.20	0	6	0	8
2021-12-23	$24.47	$0.00	22.6%	6.5%	15.4%	5.3%	0.0%	-22.3%	-5.7%	-168	2.0K	-9	0.00	137.28	0	6	0	8
2021-12-27	$24.60	$0.00	39.0%	11.2%	14.7%	14.8%	0.0%	-32.2%	-9.1%	-216	1.8K	-9	0.00	140.39	0	6	0	8
2021-12-28	$24.71	$0.00	32.4%	9.3%	14.8%	11.0%	0.0%	-24.8%	-8.0%	-196	1.8K	-9	0.00	135.28	0	6	0	8
2021-12-29	$24.71	$0.00	33.1%	9.5%	11.8%	11.4%	0.0%	-25.2%	-8.1%	-209	1.7K	-9	0.00	133.77	0	6	0	8
2021-12-30	$24.77	$0.00	34.3%	9.8%	11.5%	12.1%	0.0%	-27.1%	-8.8%	-205	1.7K	-8	0.00	133.76	0	6	0	8
2021-12-31	$24.98	$0.00	33.5%	9.6%	11.3%	11.6%	0.0%	1.0%	-7.5%	-191	1.6K	-8	0.00	135.94	0	6	0	8