EMLP Options History — November 2022

In November 2022, EMLP traded between $26.30 and $27.86. ATM implied volatility averaged 39.4%, placing in the 25.5% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded above realized volatility by 19.9% (HV 20d: 19.5%). 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 6 of 21 days. Put/call ratio averaged 0.08.

Notable Days

2022-11-01: Highest Volume — 36 contracts
2022-11-29: Largest IV spike — 80.6% change
2022-11-04: Highest IV Rank — 38.1%
2022-11-02: Largest Expected Move — 14.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$27.09	$26.30	$27.86	$26.85	$27.86
Max Pain	$29.52	$25.00	$30.00	$25.00	$30.00
ATM IV	39.4%	26.8%	51.0%	28.5%	45.6%
Expected Move	10.4%	5.8%	14.1%	8.2%	13.1%
HV 20d	19.5%	18.2%	21.6%	21.3%	20.6%
HV 60d	24.7%	23.8%	25.4%	24.0%	25.4%
IV Rank	25.5%	11.9%	38.1%	13.7%	32.1%
IV Percentile	57.0%	9.1%	88.1%	13.9%	80.2%
Term Structure	-6.5%	-18.5%	16.8%	-18.5%	-12.5%
VWIV	39.6%	24.4%	55.5%	49.5%	47.3%
Skew 25d	0.4%	-19.7%	24.0%	12.3%	2.4%
Skew 10d	4.2%	-7.9%	28.2%	5.6%	3.6%
Call IV 25d	38.0%	19.1%	58.1%	32.6%	54.9%
Put IV 25d	38.4%	24.3%	59.2%	44.9%	57.3%
Bid-Ask Spread %	137.40	131.61	141.06	141.06	138.23
Gamma HHI	0.72	0.64	0.90	0.73	0.65
Net GEX	38.5K	30.9K	44.6K	41.8K	40.9K
Net DEX	-1.2M	-1.4M	-1.1M	-1.3M	-1.4M
Net VEX	-3.3K	-3.8K	-2.7K	-3.6K	-2.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.08	0.00	0.10	0.09	0.00
Total Volume	27.381	0	36	36	0
Total OI	744.905	740	759	759	740

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
2022-11-01	$26.85	$25.00	28.5%	8.2%	21.3%	13.7%	49.5%	12.3%	-18.5%	41.8K	-1.3M	-3.6K	0.09	141.06	33	3	756	3
2022-11-02	$26.54	$25.00	49.0%	14.1%	21.6%	35.9%	55.5%	1.1%	-14.8%	37.5K	-1.2M	-3.8K	0.09	137.82	33	3	746	3
2022-11-03	$26.67	$30.00	50.0%	10.3%	19.5%	36.9%	40.1%	4.9%	-10.0%	37.9K	-1.2M	-3.8K	0.10	136.62	31	3	746	3
2022-11-04	$26.84	$30.00	51.0%	7.7%	18.6%	38.1%	40.3%	5.0%	9.5%	32.3K	-1.2M	-3.5K	0.10	133.76	31	3	742	3
2022-11-07	$26.68	$30.00	47.0%	9.3%	18.7%	33.7%	0.0%	24.0%	0.2%	39.3K	-1.2M	-3.6K	0.10	135.03	31	3	742	3
2022-11-08	$26.88	$30.00	34.4%	5.8%	18.8%	20.1%	26.7%	2.4%	7.8%	41.9K	-1.2M	-3.3K	0.10	138.27	31	3	742	3
2022-11-09	$26.30	$30.00	29.8%	8.5%	20.1%	15.1%	40.7%	-7.4%	-9.8%	33.7K	-1.1M	-3.5K	0.10	134.57	31	3	742	3
2022-11-10	$27.14	$30.00	29.1%	8.3%	21.4%	14.3%	42.3%	-0.0%	4.2%	30.9K	-1.2M	-3.3K	0.10	135.39	31	3	742	3
2022-11-11	$27.17	$30.00	32.9%	9.4%	19.8%	18.4%	24.4%	-0.1%	-7.0%	44.6K	-1.3M	-3.4K	0.10	131.61	31	3	742	3
2022-11-14	$27.09	$30.00	38.8%	11.1%	18.9%	24.8%	47.7%	7.2%	-12.8%	39.2K	-1.3M	-3.4K	0.10	137.57	31	3	742	3
2022-11-15	$27.05	$30.00	39.1%	11.2%	18.8%	25.1%	45.0%	-19.7%	-12.7%	38.5K	-1.2M	-3.4K	0.10	138.86	31	3	742	3
2022-11-16	$27.13	$30.00	40.8%	11.7%	18.6%	27.0%	26.1%	-1.8%	-12.0%	42.4K	-1.2M	-3.4K	0.10	137.12	31	3	742	3
2022-11-17	$26.76	$30.00	41.0%	11.7%	18.6%	27.2%	31.4%	-13.9%	-9.7%	37.8K	-1.2M	-3.5K	0.09	139.45	32	3	742	3
2022-11-18	$27.18	$30.00	28.3%	8.1%	18.2%	13.6%	26.7%	-0.6%	16.8%	38.0K	-1.2M	-3.4K	0.09	138.57	32	3	743	3
2022-11-21	$27.05	$30.00	42.2%	12.1%	18.3%	28.5%	49.3%	-19.7%	-9.5%	37.8K	-1.2M	-3.3K	0.00	137.02	31	0	742	0
2022-11-22	$27.61	$30.00	36.0%	10.3%	19.0%	21.8%	40.7%	3.2%	-8.3%	40.3K	-1.4M	-3.0K	0.00	141.06	31	0	742	0
2022-11-23	$27.60	$30.00	43.5%	12.5%	19.0%	30.0%	47.3%	2.9%	-12.7%	38.2K	-1.3M	-3.2K	0.00	139.72	31	0	742	0
2022-11-25	$27.79	$30.00	44.9%	12.9%	18.9%	31.4%	0.0%	2.3%	-12.5%	38.1K	-1.4M	-3.0K	0.00	139.95	0	0	742	0
2022-11-28	$27.32	$30.00	26.8%	7.7%	19.9%	11.9%	0.0%	0.5%	2.7%	39.7K	-1.3M	-2.8K	0.00	134.46	0	0	742	0
2022-11-29	$27.41	$30.00	48.4%	13.9%	19.9%	35.3%	0.0%	2.7%	-15.5%	38.8K	-1.3M	-3.1K	0.00	139.31	0	0	740	0
2022-11-30	$27.86	$30.00	45.6%	13.1%	20.6%	32.1%	0.0%	2.4%	-12.5%	40.9K	-1.4M	-2.7K	0.00	138.23	0	0	740	0