EMLP Options History — January 2023

In January 2023, EMLP traded between $26.38 and $27.61. ATM implied volatility averaged 30.3%, placing in the 15.6% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded above realized volatility by 15.5% (HV 20d: 14.8%). Max pain ranged from $27.00 to $27.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 0 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2023-01-04: Highest Volume — 3 contracts
  • 2023-01-23: Largest IV spike — 99.9% change
  • 2023-01-04: Highest IV Rank — 34.2%
  • 2023-01-04: Largest Expected Move — 13.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.20$26.38$27.61$26.38$27.39
Max Pain$27.00$27.00$27.00$27.00$27.00
ATM IV30.3%17.5%47.4%46.5%25.3%
Expected Move8.2%5.0%13.6%13.3%7.3%
HV 20d14.8%12.6%16.6%15.1%13.1%
HV 60d17.1%16.3%18.6%18.4%16.3%
IV Rank15.6%1.8%34.2%33.1%10.3%
IV Percentile27.8%0.4%83.3%82.1%8.3%
Term Structure-5.7%-13.9%-1.2%-12.9%-2.9%
Skew 25d2.7%-0.6%11.7%10.8%11.7%
Skew 10d2.4%-0.7%12.3%3.2%-0.7%
Call IV 25d31.3%19.0%50.8%45.1%29.1%
Put IV 25d34.0%20.6%58.6%55.9%40.8%
Bid-Ask Spread %137.58133.03143.28139.25136.06
Gamma HHI0.980.980.990.990.98
Net GEX38.8K34.7K48.0K39.0K39.4K
Net DEX-1.4M-1.5M-1.1M-1.1M-1.5M
Net VEX-1.7K-2.5K-1.1K-2.5K-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.150300
Total OI608.3608611611608

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-01-03$26.38$0.0046.5%13.3%15.1%33.1%0.0%10.8%-12.9%39.0K-1.1M-2.5K0.00139.25006110
2023-01-04$26.52$0.0047.4%13.6%14.9%34.2%0.0%7.8%-13.9%37.1K-1.1M-2.5K0.00142.50306110
2023-01-05$26.46$27.0042.2%8.6%14.7%28.5%0.0%3.7%-11.4%48.0K-1.2M-2.2K0.00136.02006080
2023-01-06$27.01$27.0025.5%5.0%16.6%10.4%0.0%2.3%-1.2%43.5K-1.3M-1.9K0.00133.03006080
2023-01-09$27.12$27.0027.9%5.3%16.6%13.1%0.0%1.6%-2.2%40.5K-1.3M-1.9K0.00136.65006080
2023-01-10$27.13$27.0027.9%6.7%16.3%13.1%0.0%0.8%-2.2%42.4K-1.4M-1.7K0.00135.16006080
2023-01-11$27.38$27.0017.8%5.1%15.8%2.2%0.0%1.1%-2.7%36.3K-1.5M-1.2K0.00135.16006080
2023-01-12$27.59$27.0017.5%5.0%15.6%1.8%0.0%2.0%-1.8%34.8K-1.5M-1.2K0.00137.78006080
2023-01-13$27.61$27.0028.3%8.1%15.5%13.6%0.0%2.1%-4.2%35.8K-1.4M-1.7K0.00137.29006080
2023-01-17$27.55$27.0018.0%5.2%14.8%2.4%0.0%1.1%-2.6%34.7K-1.5M-1.2K0.00135.94006080
2023-01-18$27.09$27.0035.2%10.1%15.4%20.9%0.0%0.4%-6.4%38.9K-1.3M-2.0K0.00141.20006080
2023-01-19$27.12$27.0037.0%10.6%14.9%22.9%0.0%2.1%-7.1%37.9K-1.3M-1.9K0.00143.28006080
2023-01-20$27.20$27.0019.1%5.5%14.8%3.6%0.0%0.1%-3.8%38.9K-1.5M-1.1K0.00134.31006080
2023-01-23$27.44$27.0038.1%10.9%14.6%24.1%0.0%2.1%-8.4%36.9K-1.3M-1.7K0.00142.72006080
2023-01-24$27.48$27.0033.4%9.6%13.9%19.1%0.0%1.6%-6.7%37.8K-1.4M-1.6K0.00138.24006080
2023-01-25$27.30$27.0033.9%9.7%14.0%19.6%0.0%1.7%-7.5%40.0K-1.4M-1.6K0.00137.20006080
2023-01-26$27.44$27.0025.0%7.2%14.1%10.0%0.0%0.5%-3.7%36.4K-1.5M-1.1K0.00136.75006080
2023-01-27$27.55$27.0032.3%9.3%12.6%17.9%0.0%0.7%-7.8%37.3K-1.4M-1.4K0.00138.18006080
2023-01-30$27.23$27.0026.9%7.7%13.1%12.0%0.0%-0.6%-5.1%41.0K-1.5M-1.2K0.00134.84006080
2023-01-31$27.39$27.0025.3%7.3%13.1%10.3%0.0%11.7%-2.9%39.4K-1.5M-1.2K0.00136.06006080