EMLP Options History — January 2022

In January 2022, EMLP traded between $24.59 and $25.53. ATM implied volatility averaged 34.3%, placing in the 22.6% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded above realized volatility by 24.2% (HV 20d: 10.0%). Max pain ranged from $26.00 to $26.00. Net GEX was positive for 4 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.85.

Notable Days

2022-01-31: Highest Volume — 41 contracts
2022-01-04: Largest IV spike — 63.7% change
2022-01-26: Highest IV Rank — 41.6%
2022-01-26: Largest Expected Move — 14.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$25.18	$24.59	$25.53	$25.03	$25.45
Max Pain	$26.00	$26.00	$26.00	$26.00	$26.00
ATM IV	34.3%	20.2%	49.1%	22.6%	37.3%
Expected Move	9.0%	5.8%	14.1%	6.5%	10.7%
HV 20d	10.0%	7.5%	12.3%	11.0%	12.3%
HV 60d	11.6%	11.2%	12.3%	11.5%	12.3%
IV Rank	22.6%	5.3%	41.6%	5.3%	27.8%
IV Percentile	42.7%	2.8%	81.3%	4.4%	56.7%
Term Structure	-7.3%	-22.1%	15.8%	15.8%	-14.6%
VWIV	39.7%	32.2%	48.7%	48.7%	36.4%
Skew 25d	-6.4%	-28.5%	7.8%	-28.0%	-8.6%
Skew 10d	-1.2%	-32.8%	8.9%	-32.8%	-8.7%
Call IV 25d	40.0%	23.0%	77.1%	41.4%	40.6%
Put IV 25d	33.6%	13.4%	77.3%	13.4%	32.0%
Bid-Ask Spread %	137.63	131.99	155.01	133.92	131.99
Gamma HHI	0.88	0.42	1.00	1.00	0.67
Net GEX	-38	-427	1.2K	-188	1.2K
Net DEX	-28	-7.5K	3.9K	1.6K	-7.5K
Net VEX	-14	-44	-7	-8	-33
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.85	0.37	1.10	0.60	0.37
Total Volume	10.8	6	41	6	41
Total OI	11.5	8	24	8	24

Daily Data (20 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
2022-01-03	$25.03	$0.00	22.6%	6.5%	11.0%	5.3%	0.0%	-28.0%	15.8%	-188	1.6K	-8	0.00	133.92	0	6	0	8
2022-01-04	$25.23	$0.00	36.9%	10.6%	10.4%	13.6%	0.0%	-28.5%	-8.4%	-189	1.4K	-8	0.00	133.91	0	6	0	8
2022-01-05	$25.07	$0.00	37.1%	10.6%	10.4%	13.7%	0.0%	-27.5%	-11.8%	-184	1.5K	-8	0.00	133.94	0	6	0	8
2022-01-06	$25.16	$0.00	38.8%	7.8%	10.5%	29.5%	0.0%	0.6%	-8.9%	-178	1.5K	-8	0.00	138.37	0	6	0	8
2022-01-07	$25.31	$0.00	39.9%	7.6%	10.2%	30.9%	0.0%	-6.7%	-8.0%	-171	1.4K	-7	0.00	134.93	0	6	0	8
2022-01-10	$25.20	$0.00	43.8%	8.0%	10.5%	35.4%	0.0%	0.5%	-8.1%	-176	1.5K	-8	0.00	137.63	0	6	0	8
2022-01-11	$25.42	$0.00	46.3%	7.8%	10.8%	38.3%	0.0%	1.4%	-8.6%	-165	1.4K	-7	0.00	136.85	0	6	0	8
2022-01-12	$25.49	$0.00	27.5%	7.9%	9.8%	16.4%	0.0%	0.6%	-22.1%	-162	1.3K	-7	0.00	149.07	0	6	0	8
2022-01-13	$25.51	$0.00	27.4%	7.8%	9.3%	16.2%	0.0%	-16.7%	-4.8%	-162	1.3K	-7	0.00	137.57	0	6	0	8
2022-01-14	$25.53	$0.00	20.2%	5.8%	9.3%	7.8%	0.0%	1.7%	12.0%	-161	1.3K	-7	0.00	137.73	0	6	0	8
2022-01-18	$25.38	$0.00	25.5%	7.3%	9.2%	14.0%	0.0%	4.3%	-1.6%	-168	1.4K	-7	0.00	132.24	0	6	0	8
2022-01-19	$25.33	$0.00	30.8%	8.8%	7.5%	20.2%	0.0%	0.4%	-11.0%	-170	1.4K	-7	0.00	136.77	0	6	0	8
2022-01-20	$25.18	$0.00	30.5%	8.8%	7.7%	19.9%	0.0%	0.2%	-10.8%	-177	1.5K	-7	0.00	135.97	0	6	0	8
2022-01-21	$24.86	$0.00	22.2%	6.4%	9.0%	10.2%	0.0%	-8.1%	-1.6%	-183	1.7K	-7	0.00	138.61	0	6	0	8
2022-01-24	$24.59	$0.00	34.2%	9.8%	9.9%	24.2%	0.0%	0.9%	-7.6%	-164	1.9K	-7	0.00	133.02	0	12	0	8
2022-01-25	$24.91	$0.00	41.2%	11.8%	10.8%	32.3%	48.7%	7.8%	-11.0%	-427	3.9K	-20	0.60	137.98	10	6	0	14
2022-01-26	$24.90	$26.00	49.1%	14.1%	10.7%	41.6%	32.2%	0.2%	-11.5%	140	-7.1K	-44	1.10	155.01	10	11	10	14
2022-01-27	$25.04	$26.00	34.7%	9.9%	10.8%	24.8%	36.8%	0.6%	-11.6%	525	-5.9K	-41	1.10	135.87	10	11	10	14
2022-01-28	$24.99	$26.00	39.2%	11.3%	10.8%	30.1%	44.5%	-22.8%	-12.4%	420	-6.1K	-40	1.10	141.19	10	11	10	14
2022-01-31	$25.45	$26.00	37.3%	10.7%	12.3%	27.8%	36.4%	-8.6%	-14.6%	1.2K	-7.5K	-33	0.37	131.99	30	11	10	14