EMLP Options History — March 2023

In March 2023, EMLP traded between $25.46 and $27.16. ATM implied volatility averaged 38.4%, placing in the 24.5% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded above realized volatility by 24.5% (HV 20d: 14.0%). Max pain ranged from $24.00 to $24.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 4 of 23 days. Put/call ratio averaged 0.00.

Notable Days

2023-03-07: Highest Volume — 200 contracts
2023-03-13: Largest IV spike — 100.8% change
2023-03-14: Highest IV Rank — 83.7%
2023-03-03: Largest Expected Move — 11.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$26.31	$25.46	$27.16	$26.66	$26.57
Max Pain	$24.00	$24.00	$24.00	$24.00	$24.00
ATM IV	38.4%	22.1%	93.4%	38.5%	34.5%
Expected Move	8.6%	6.4%	11.2%	11.0%	9.9%
HV 20d	14.0%	11.6%	17.0%	11.6%	16.5%
HV 60d	13.6%	13.2%	14.0%	13.3%	13.8%
IV Rank	24.5%	6.9%	83.7%	24.5%	20.3%
IV Percentile	44.3%	3.6%	99.6%	59.9%	43.3%
Term Structure	-3.0%	-13.5%	41.1%	-13.5%	-7.7%
Skew 25d	-6.7%	-26.6%	14.3%	-9.0%	-21.8%
Skew 10d	-15.5%	-37.8%	4.9%	-36.9%	-32.1%
Call IV 25d	28.0%	19.9%	39.1%	33.4%	39.1%
Put IV 25d	21.2%	11.3%	41.4%	24.4%	17.4%
Bid-Ask Spread %	123.32	104.70	139.90	113.99	120.22
Gamma HHI	0.97	0.92	1.00	0.98	1.00
Net GEX	18.0K	417	56.0K	56.0K	574
Net DEX	-457.0K	-1.5M	-4.0K	-1.3M	-6.6K
Net VEX	-241	-957	-42	-957	-56
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	8.696	0	200	0	0
Total OI	208.391	10	616	616	10

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Vol	Call OI
2023-03-01	$26.66	$24.00	38.5%	11.0%	11.6%	24.5%	0.0%	-9.0%	-13.5%	56.0K	-1.3M	-957	113.99	0	616
2023-03-02	$26.89	$24.00	25.2%	7.2%	11.6%	10.2%	0.0%	-12.8%	-7.2%	43.3K	-1.5M	-529	104.70	0	616
2023-03-03	$27.12	$24.00	39.0%	11.2%	12.2%	25.1%	0.0%	-26.6%	-12.8%	45.4K	-1.5M	-688	111.30	0	616
2023-03-06	$27.16	$0.00	44.7%	7.8%	11.7%	31.2%	0.0%	-8.4%	-4.6%	45.1K	-1.5M	-622	124.09	0	616
2023-03-07	$26.87	$0.00	37.3%	7.6%	12.2%	23.2%	0.0%	-13.9%	-5.4%	51.2K	-1.4M	-592	121.02	200	616
2023-03-08	$26.84	$0.00	46.7%	6.8%	12.2%	33.4%	0.0%	-3.6%	3.1%	47.9K	-1.3M	-567	123.75	0	556
2023-03-09	$26.63	$0.00	46.5%	7.7%	12.2%	33.1%	0.0%	-18.8%	-6.1%	14.0K	-313.9K	-211	120.44	0	151
2023-03-10	$26.16	$0.00	39.9%	8.2%	13.5%	26.0%	0.0%	1.3%	-5.6%	18.5K	-298.4K	-202	134.28	0	151
2023-03-13	$26.20	$0.00	80.1%	9.2%	12.1%	69.4%	0.0%	9.5%	-7.8%	13.8K	-268.6K	-197	133.59	0	151
2023-03-14	$26.34	$0.00	93.4%	9.4%	12.3%	83.7%	0.0%	7.7%	-8.0%	13.5K	-276.8K	-173	139.90	0	151
2023-03-15	$25.88	$0.00	29.3%	8.4%	13.3%	14.6%	0.0%	11.8%	-6.5%	16.4K	-253.4K	-147	135.20	0	151
2023-03-16	$26.13	$0.00	24.6%	7.1%	14.0%	9.5%	0.0%	4.5%	41.1%	19.1K	-297.0K	-108	133.23	0	151
2023-03-17	$25.81	$0.00	30.2%	8.6%	14.4%	15.5%	0.0%	-5.6%	-3.0%	25.6K	-287.2K	-60	122.34	0	151
2023-03-20	$26.04	$0.00	31.1%	8.9%	15.0%	16.5%	0.0%	14.3%	-3.5%	480	-5.7K	-55	136.66	0	10
2023-03-21	$26.23	$0.00	26.4%	7.6%	14.7%	11.5%	0.0%	1.5%	6.4%	519	-5.2K	-51	120.32	0	10
2023-03-22	$25.88	$0.00	31.7%	9.1%	15.3%	17.2%	0.0%	-7.5%	-5.8%	472	-4.7K	-46	121.59	0	10
2023-03-23	$25.46	$0.00	31.3%	9.0%	15.1%	16.8%	0.0%	-22.6%	-0.3%	417	-4.1K	-42	121.01	0	10
2023-03-24	$25.55	$0.00	30.6%	8.8%	15.2%	16.0%	0.0%	-13.4%	-5.2%	442	-4.0K	-43	118.64	0	10
2023-03-27	$25.87	$0.00	32.8%	9.4%	16.2%	18.3%	0.0%	-3.8%	-4.9%	485	-4.9K	-47	120.42	0	10
2023-03-28	$26.02	$0.00	32.4%	9.3%	16.2%	18.0%	0.0%	-17.2%	-6.5%	507	-5.2K	-52	121.10	0	10
2023-03-29	$26.36	$0.00	22.1%	6.4%	17.0%	6.9%	0.0%	-8.1%	2.6%	569	-5.1K	-48	118.56	0	10
2023-03-30	$26.45	$0.00	35.8%	10.3%	16.7%	21.6%	0.0%	-12.3%	-8.8%	562	-6.3K	-56	119.95	0	10
2023-03-31	$26.57	$0.00	34.5%	9.9%	16.5%	20.3%	0.0%	-21.8%	-7.7%	574	-6.6K	-56	120.22	0	10