EMLP Options History — October 2022

In October 2022, EMLP traded between $24.68 and $26.78. ATM implied volatility averaged 38.7%, placing in the 24.8% IV rank vs the trailing year. The 30-day expected move averaged 10.1%. IV traded above realized volatility by 8.2% (HV 20d: 30.5%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.03.

Notable Days

2022-10-03: Highest Volume — 518 contracts
2022-10-18: Largest IV spike — 49.5% change
2022-10-11: Highest IV Rank — 44.3%
2022-10-03: Largest Expected Move — 13.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$25.60	$24.68	$26.78	$25.57	$26.78
Max Pain	$25.94	$25.00	$30.00	$30.00	$25.00
ATM IV	38.7%	24.2%	56.9%	45.9%	41.4%
Expected Move	10.1%	6.9%	13.2%	13.2%	11.9%
HV 20d	30.5%	22.8%	34.3%	31.5%	22.8%
HV 60d	23.4%	22.2%	24.1%	22.2%	24.0%
IV Rank	24.8%	9.1%	44.3%	32.5%	27.6%
IV Percentile	55.5%	7.5%	92.9%	81.3%	74.2%
Term Structure	-8.1%	-25.2%	1.5%	-25.2%	-17.7%
VWIV	38.4%	19.9%	60.8%	48.6%	49.7%
Skew 25d	0.4%	-14.1%	4.6%	1.8%	0.2%
Skew 10d	2.4%	-15.3%	24.6%	24.6%	3.5%
Call IV 25d	40.7%	25.4%	55.8%	55.8%	52.8%
Put IV 25d	41.1%	24.9%	57.6%	57.6%	53.0%
Bid-Ask Spread %	137.84	131.90	141.70	139.08	140.69
Gamma HHI	0.75	0.58	0.85	0.61	0.72
Net GEX	42.7K	27.8K	61.9K	31.5K	41.6K
Net DEX	-976.4K	-1.3M	-663.2K	-663.2K	-1.3M
Net VEX	-3.9K	-4.3K	-2.8K	-2.9K	-3.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.03	0.00	0.12	0.00	0.12
Total Volume	200.476	28	518	518	28
Total OI	795.952	627	858	627	759

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
2022-10-03	$25.57	$30.00	45.9%	13.2%	31.5%	32.5%	48.6%	1.8%	-25.2%	31.5K	-663.2K	-2.9K	0.00	139.08	518	0	627	0
2022-10-04	$26.19	$30.00	38.3%	11.0%	33.0%	24.3%	57.6%	3.6%	-10.4%	35.1K	-754.5K	-2.8K	0.00	134.67	318	0	627	0
2022-10-05	$26.01	$30.00	39.2%	11.2%	32.6%	25.2%	60.8%	2.4%	-10.8%	47.7K	-1.1M	-4.1K	0.00	131.90	318	0	827	0
2022-10-06	$25.40	$0.00	50.2%	9.7%	33.3%	37.1%	0.0%	0.9%	-5.2%	42.3K	-942.3K	-4.3K	0.00	138.69	318	0	827	0
2022-10-07	$25.06	$0.00	50.5%	9.6%	32.5%	37.5%	0.0%	0.9%	-5.8%	40.3K	-875.5K	-4.2K	0.00	139.88	318	0	827	0
2022-10-10	$24.95	$0.00	55.7%	9.9%	32.1%	43.1%	0.0%	0.8%	-6.3%	40.2K	-852.6K	-4.1K	0.00	138.97	318	0	827	0
2022-10-11	$24.99	$0.00	56.9%	9.8%	31.7%	44.3%	0.0%	1.7%	-6.7%	37.9K	-856.3K	-4.1K	0.00	138.33	318	0	827	0
2022-10-12	$24.68	$0.00	35.3%	10.1%	30.9%	21.1%	32.2%	2.7%	-8.7%	34.5K	-814.2K	-4.1K	0.01	137.10	318	3	827	0
2022-10-13	$25.24	$25.00	34.1%	9.8%	32.5%	19.8%	36.7%	2.3%	-5.9%	41.1K	-899.4K	-4.1K	0.01	136.90	318	3	827	3
2022-10-14	$24.78	$25.00	26.8%	7.7%	32.8%	11.9%	19.9%	-2.9%	-4.7%	27.8K	-805.9K	-3.9K	0.02	131.94	146	3	827	3
2022-10-17	$25.33	$25.00	24.2%	6.9%	33.8%	9.1%	26.0%	2.0%	1.5%	41.6K	-953.0K	-4.0K	0.02	135.73	146	3	855	3
2022-10-18	$25.61	$25.00	36.2%	10.4%	34.3%	22.0%	38.8%	0.8%	-7.2%	61.9K	-1.1M	-3.9K	0.02	140.36	146	3	855	3
2022-10-19	$25.51	$25.00	25.3%	7.2%	34.1%	10.2%	25.5%	1.0%	-0.1%	58.1K	-1.0M	-4.0K	0.02	137.98	146	3	855	3
2022-10-20	$25.16	$25.00	37.7%	10.8%	34.3%	23.6%	37.5%	0.3%	-7.5%	59.8K	-955.7K	-4.0K	0.02	139.56	146	3	855	3
2022-10-21	$25.65	$25.00	28.4%	8.1%	29.1%	13.6%	29.1%	3.0%	-2.1%	42.8K	-1.0M	-3.9K	0.02	136.27	146	3	855	3
2022-10-24	$25.60	$25.00	39.4%	11.3%	27.7%	25.5%	41.9%	4.6%	-9.6%	40.4K	-1.0M	-4.0K	0.07	141.13	45	3	755	3
2022-10-25	$25.96	$25.00	38.6%	11.1%	28.0%	24.6%	28.0%	-8.8%	-9.0%	40.8K	-1.1M	-3.9K	0.07	138.46	45	3	755	3
2022-10-26	$26.14	$25.00	34.4%	9.9%	25.9%	20.1%	38.9%	2.9%	-7.7%	45.7K	-1.1M	-3.7K	0.07	135.32	45	3	755	3
2022-10-27	$26.38	$25.00	39.8%	11.4%	23.9%	25.9%	46.7%	1.7%	-9.3%	41.0K	-1.2M	-3.8K	0.07	141.70	45	3	755	3
2022-10-28	$26.63	$25.00	35.2%	10.1%	23.9%	21.0%	34.4%	-14.1%	-12.6%	44.0K	-1.2M	-3.6K	0.12	139.93	25	3	755	3
2022-10-31	$26.78	$25.00	41.4%	11.9%	22.8%	27.6%	49.7%	0.2%	-17.7%	41.6K	-1.3M	-3.6K	0.12	140.69	25	3	756	3