EMLP Options History — August 2023

In August 2023, EMLP traded between $27.16 and $27.79. ATM implied volatility averaged 28.3%, placing in the 17.7% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 18.7% (HV 20d: 9.5%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 4 of 23 days.

Notable Days

  • 2023-08-03: Largest IV spike — 69.1% change
  • 2023-08-31: Highest IV Rank — 28.9%
  • 2023-08-31: Largest Expected Move — 10.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.42$27.16$27.79$27.79$27.54
Max Pain$30.00$30.00$30.00$30.00$30.00
ATM IV28.3%18.1%37.1%32.2%37.1%
Expected Move7.6%5.2%10.6%9.2%10.6%
HV 20d9.5%8.2%11.2%10.8%8.2%
HV 60d11.4%10.7%12.1%12.1%10.7%
IV Rank17.7%4.9%28.9%22.7%28.9%
IV Percentile29.1%2.4%67.5%43.7%67.5%
Term Structure-6.1%-18.9%27.4%-9.7%-13.3%
Skew 25d2.0%-11.3%10.8%7.8%0.2%
Skew 10d2.6%-10.5%11.8%2.8%-10.3%
Call IV 25d31.1%19.2%45.5%34.0%45.5%
Put IV 25d33.1%20.6%45.7%41.8%45.7%
Bid-Ask Spread %136.59132.20141.41137.43141.41
Gamma HHI1.001.001.001.001.00
Net GEX781531940940831
Net DEX-4.3K-6.6K-1.6K-6.6K-5.1K
Net VEX-18-30-8-30-15
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI1010101010

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-08-01$27.79$0.0032.2%9.2%10.8%22.7%0.0%7.8%-9.7%940-6.6K-300.00137.4300100
2023-08-02$27.59$0.0021.3%6.1%11.2%8.9%0.0%3.1%-6.7%820-2.7K-160.00135.3100100
2023-08-03$27.48$30.0036.0%6.9%10.8%27.4%0.0%1.7%-6.2%839-5.6K-270.00135.8500100
2023-08-04$27.34$30.0036.3%7.1%10.9%27.9%0.0%0.8%-7.7%798-4.9K-240.00134.6000100
2023-08-07$27.38$30.0034.9%7.4%10.9%26.0%0.0%9.5%-7.9%807-4.3K-210.00137.0900100
2023-08-08$27.38$30.0027.4%6.1%10.3%16.6%0.0%10.8%0.1%762-3.1K-170.00133.0000100
2023-08-09$27.57$30.0024.4%7.0%9.7%12.8%0.0%1.4%-8.1%866-5.6K-250.00136.5000100
2023-08-10$27.44$30.0026.2%7.5%9.7%15.1%0.0%0.8%-9.3%824-5.1K-220.00134.7400100
2023-08-11$27.63$30.0025.4%7.3%9.1%14.1%0.0%1.6%-8.1%883-5.8K-240.00136.1300100
2023-08-14$27.48$30.0027.0%7.7%9.4%16.0%0.0%1.1%-9.3%831-5.2K-230.00136.5500100
2023-08-15$27.16$30.0018.1%5.2%10.2%4.9%0.0%-0.1%-3.5%531-1.6K-100.00132.2000100
2023-08-16$27.16$30.0027.8%8.0%9.9%17.1%0.0%1.1%-10.3%725-4.4K-200.00137.7300100
2023-08-17$27.19$30.0027.8%8.0%9.5%17.1%0.0%1.2%27.4%732-4.3K-180.00136.7500100
2023-08-18$27.34$30.0027.3%7.8%9.1%16.5%0.0%1.3%-4.1%781-4.6K-190.00136.3000100
2023-08-21$27.31$30.0028.9%8.3%8.9%18.6%0.0%0.5%-6.6%767-4.5K-180.00136.0800100
2023-08-22$27.23$30.0030.5%8.8%8.9%20.6%0.0%0.5%-9.2%740-4.7K-180.00141.2000100
2023-08-23$27.34$30.0025.5%7.3%9.1%14.2%0.0%3.9%2.3%666-2.3K-110.00134.1900100
2023-08-24$27.21$30.0031.9%9.2%8.3%22.3%0.0%1.0%-10.9%731-4.4K-170.00140.2200100
2023-08-25$27.41$30.0032.9%9.4%8.8%23.6%0.0%1.1%-11.6%794-5.0K-180.00140.4300100
2023-08-28$27.48$30.0021.8%6.2%8.5%9.5%0.0%0.3%2.4%634-1.8K-80.00134.6600100
2023-08-29$27.66$30.0021.8%6.2%8.6%9.4%0.0%8.2%-10.5%810-2.8K-110.00135.8500100
2023-08-30$27.59$30.0027.8%8.0%8.3%17.1%0.0%-11.3%-18.9%843-3.8K-130.00137.3700100
2023-08-31$27.54$30.0037.1%10.6%8.2%28.9%0.0%0.2%-13.3%831-5.1K-150.00141.4100100