EMLP Options History — February 2022

In February 2022, EMLP traded between $24.78 and $26.00. ATM implied volatility averaged 35.3%, placing in the 26.1% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded above realized volatility by 21.3% (HV 20d: 13.9%). Max pain ranged from $24.00 to $26.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 0.26.

Notable Days

2022-02-08: Highest Volume — 66 contracts
2022-02-11: Largest IV spike — 45.1% change
2022-02-02: Highest IV Rank — 36.8%
2022-02-02: Largest Expected Move — 12.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$25.42	$24.78	$26.00	$25.61	$26.00
Max Pain	$24.21	$24.00	$26.00	$26.00	$24.00
ATM IV	35.3%	27.4%	45.0%	44.3%	34.3%
Expected Move	9.4%	7.2%	12.9%	12.7%	9.8%
HV 20d	13.9%	12.1%	17.3%	12.4%	17.3%
HV 60d	12.8%	12.2%	13.4%	12.3%	13.4%
IV Rank	26.1%	16.2%	36.8%	36.0%	25.6%
IV Percentile	48.4%	15.1%	77.0%	75.4%	48.0%
Term Structure	-10.0%	-28.4%	-4.7%	-14.1%	-4.8%
VWIV	34.9%	25.8%	44.5%	43.6%	37.4%
Skew 25d	-3.7%	-34.3%	16.6%	-34.3%	-7.0%
Skew 10d	-18.4%	-50.2%	0.9%	-30.4%	0.9%
Call IV 25d	37.6%	28.0%	55.3%	54.5%	43.4%
Put IV 25d	33.9%	16.8%	58.7%	20.1%	36.4%
Bid-Ask Spread %	132.79	129.46	139.61	139.61	130.57
Gamma HHI	0.41	0.27	0.59	0.55	0.31
Net GEX	2.5K	1.4K	3.9K	2.3K	2.6K
Net DEX	-23.2K	-35.4K	-11.3K	-24.1K	-23.3K
Net VEX	-105	-168	-73	-84	-113
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.26	0.20	0.37	0.37	0.24
Total Volume	56.789	41	66	41	56
Total OI	58.474	44	69	44	59

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	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2022-02-01	$25.61	$26.00	44.3%	12.7%	12.4%	36.0%	43.6%	-34.3%	-14.1%	2.3K	-24.1K	-84	0.37	139.61	30	11	30	14
2022-02-02	$25.83	$26.00	45.0%	12.9%	12.5%	36.8%	43.5%	-28.4%	-13.8%	2.3K	-27.3K	-88	0.37	137.80	30	11	30	14
2022-02-03	$25.68	$24.00	39.4%	7.2%	12.4%	30.2%	25.8%	-12.0%	-4.7%	2.4K	-24.9K	-83	0.37	132.57	30	11	30	14
2022-02-04	$25.68	$24.00	35.1%	7.6%	12.4%	25.3%	29.1%	2.9%	-7.9%	2.6K	-24.7K	-81	0.37	131.94	30	11	30	14
2022-02-07	$25.67	$24.00	39.6%	7.8%	12.3%	30.5%	29.4%	1.6%	-8.0%	2.6K	-24.5K	-76	0.37	130.75	30	11	30	14
2022-02-08	$25.59	$24.00	40.8%	7.8%	12.2%	31.9%	28.3%	-14.9%	-8.1%	2.6K	-23.5K	-73	0.20	131.94	55	11	30	14
2022-02-09	$25.77	$24.00	27.4%	7.8%	12.1%	16.2%	29.4%	-12.7%	-10.0%	3.9K	-33.3K	-146	0.20	132.49	55	11	55	14
2022-02-10	$25.28	$24.00	28.5%	8.2%	13.9%	17.6%	32.3%	-3.8%	-10.2%	3.0K	-25.6K	-131	0.20	130.04	55	11	55	14
2022-02-11	$25.57	$24.00	41.4%	11.9%	14.6%	32.6%	44.5%	16.6%	-28.4%	2.7K	-35.4K	-168	0.20	134.01	55	11	55	14
2022-02-14	$25.28	$24.00	30.7%	8.8%	15.1%	20.1%	33.4%	6.6%	-11.7%	3.1K	-25.8K	-120	0.20	131.74	55	11	55	14
2022-02-15	$25.23	$24.00	30.4%	8.7%	15.0%	20.8%	33.5%	0.6%	-11.5%	2.9K	-26.0K	-122	0.20	133.76	55	11	55	14
2022-02-16	$25.36	$24.00	31.6%	9.1%	15.1%	22.4%	28.8%	5.1%	-12.6%	3.2K	-27.0K	-118	0.20	133.10	55	11	55	14
2022-02-17	$25.28	$24.00	32.2%	9.2%	15.0%	23.1%	34.6%	1.0%	-6.5%	3.1K	-26.1K	-116	0.20	133.30	55	11	55	14
2022-02-18	$25.07	$24.00	32.1%	9.2%	14.5%	23.0%	35.3%	0.5%	-6.1%	1.7K	-14.5K	-107	0.20	131.82	55	11	55	14
2022-02-22	$24.85	$24.00	34.8%	10.0%	14.3%	26.3%	38.8%	0.6%	-8.5%	1.5K	-12.2K	-94	0.24	133.11	45	11	45	14
2022-02-23	$24.78	$24.00	34.6%	9.9%	13.6%	26.0%	39.2%	-0.3%	-8.9%	1.4K	-11.3K	-92	0.24	132.80	45	11	45	14
2022-02-24	$24.91	$24.00	34.8%	10.0%	13.7%	26.3%	38.9%	2.8%	-7.6%	1.6K	-12.5K	-90	0.24	132.27	45	11	45	14
2022-02-25	$25.56	$24.00	33.3%	9.5%	16.4%	24.4%	37.5%	5.3%	-6.3%	2.1K	-18.3K	-99	0.24	129.46	45	11	45	14
2022-02-28	$26.00	$24.00	34.3%	9.8%	17.3%	25.6%	37.4%	-7.0%	-4.8%	2.6K	-23.3K	-113	0.24	130.57	45	11	45	14