EMLP Options History — March 2022

In March 2022, EMLP traded between $25.92 and $27.76. ATM implied volatility averaged 36.3%, placing in the 29.0% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded above realized volatility by 20.5% (HV 20d: 15.7%). Max pain ranged from $24.00 to $30.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 2 of 23 days. Put/call ratio averaged 0.15.

Notable Days

  • 2022-03-01: Highest Volume — 56 contracts
  • 2022-03-16: Largest IV spike — 72.7% change
  • 2022-03-07: Highest IV Rank — 57.8%
  • 2022-03-11: Largest Expected Move — 18.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.85$25.92$27.76$25.92$27.74
Max Pain$25.50$24.00$30.00$24.00$30.00
ATM IV36.3%21.7%60.4%28.6%36.6%
Expected Move10.4%4.7%18.4%8.2%7.0%
HV 20d15.7%11.5%17.5%16.3%11.5%
HV 60d13.6%13.2%13.8%13.2%13.7%
IV Rank29.0%10.1%57.8%18.7%30.3%
IV Percentile51.4%2.8%94.0%17.5%60.7%
Term Structure-7.0%-13.5%22.7%-3.6%-13.3%
VWIV39.7%19.7%58.4%35.1%30.2%
Skew 25d-4.5%-21.6%2.6%0.0%-21.6%
Skew 10d-8.3%-34.4%6.9%1.3%-17.4%
Call IV 25d41.4%28.0%49.8%41.4%46.4%
Put IV 25d36.9%23.4%46.8%41.4%24.8%
Bid-Ask Spread %137.98128.13154.36128.13134.17
Gamma HHI0.620.311.000.421.00
Net GEX2.5K1.3K3.9K3.0K2.0K
Net DEX-25.3K-39.1K-8.5K-20.4K-17.8K
Net VEX-106-150-66-93-101
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.150.000.240.240.00
Total Volume43.8725565625
Total OI45.69625595925

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-03-01$25.92$24.0028.6%8.2%16.3%18.7%35.1%0.0%-3.6%3.0K-20.4K-930.24128.1345114514
2022-03-02$26.41$24.0033.5%9.6%17.4%24.7%32.4%2.6%-6.8%3.0K-28.2K-1210.24131.0845114514
2022-03-03$26.51$24.0039.1%11.2%17.2%31.5%37.5%0.9%-7.3%3.1K-29.5K-1210.24131.4345114514
2022-03-04$26.80$24.0054.8%15.7%17.3%50.9%44.7%1.3%-10.2%3.1K-37.7K-1500.24133.5745114514
2022-03-07$26.87$24.0060.4%17.3%17.3%57.8%50.0%0.6%-10.4%2.9K-39.1K-1470.24141.0545114514
2022-03-08$26.92$24.0034.0%15.9%17.3%25.3%47.3%0.3%-10.1%3.9K-33.5K-1060.24133.3745114514
2022-03-09$26.75$24.0033.8%16.8%17.5%25.0%48.7%1.4%-8.7%3.2K-35.8K-1300.24135.4045114514
2022-03-10$26.88$24.0029.7%14.9%17.4%19.9%44.8%2.2%-8.5%3.5K-35.8K-1250.24131.0045114514
2022-03-11$26.66$24.0034.8%18.4%16.0%26.2%58.4%-3.6%-11.3%3.0K-35.2K-1260.24135.8645114514
2022-03-14$26.22$30.0029.2%6.4%17.0%19.4%27.5%1.2%-2.2%2.8K-27.2K-970.24140.6445114514
2022-03-15$26.23$30.0021.7%7.8%16.4%10.1%19.7%1.9%5.0%3.3K-23.6K-810.24136.9945114514
2022-03-16$26.25$30.0037.5%7.4%16.3%31.4%30.2%-1.1%-10.3%2.8K-29.8K-1010.24142.8945114514
2022-03-17$26.55$0.0038.3%16.2%16.6%32.4%0.0%0.9%22.7%3.0K-33.5K-1050.24154.3645114514
2022-03-18$26.51$0.0033.3%7.2%16.6%25.9%0.0%0.7%-8.0%1.3K-36.9K-770.24137.9545114514
2022-03-21$26.81$0.0038.5%8.1%16.3%32.8%0.0%0.2%-11.1%1.4K-14.4K-940.00143.05250250
2022-03-22$26.94$0.0033.7%7.0%15.7%26.5%0.0%0.3%-8.5%1.5K-12.2K-840.00136.86250250
2022-03-23$27.01$0.0024.0%4.7%15.5%13.8%0.0%-12.0%-6.5%1.5K-8.5K-660.00141.74250250
2022-03-24$27.24$0.0039.5%8.1%15.6%34.0%0.0%-18.2%-10.2%1.6K-16.4K-1000.00143.55250250
2022-03-25$27.53$0.0038.9%10.7%13.6%33.3%0.0%-3.5%-2.7%1.8K-18.5K-1120.00150.45250250
2022-03-28$27.44$0.0041.5%7.7%12.9%36.6%0.0%-18.8%-13.5%2.0K-12.1K-870.00140.58250250
2022-03-29$27.67$0.0035.4%6.7%12.8%28.6%0.0%-18.5%-12.5%2.0K-17.0K-1020.00134.07250250
2022-03-30$27.76$0.0037.1%7.0%11.5%30.9%0.0%-20.4%-12.8%2.1K-18.0K-1020.00135.33250250
2022-03-31$27.74$0.0036.6%7.0%11.5%30.3%0.0%-21.6%-13.3%2.0K-17.8K-1010.00134.17250250