EMLP Options History — November 2023

In November 2023, EMLP traded between $26.38 and $27.56. ATM implied volatility averaged 25.7%, placing in the 14.7% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 9.8% (HV 20d: 15.9%). Max pain ranged from $28.00 to $28.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 2 of 21 days.

Notable Days

  • 2023-11-08: Largest IV drop — 35.2% change
  • 2023-11-29: Highest IV Rank — 28.0%
  • 2023-11-29: Largest Expected Move — 10.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.02$26.38$27.56$26.52$27.56
Max Pain$28.00$28.00$28.00$28.00$28.00
ATM IV25.7%20.5%36.2%31.6%31.5%
Expected Move7.0%5.9%10.4%9.1%9.0%
HV 20d15.9%13.4%17.0%13.4%15.2%
HV 60d14.7%13.2%15.2%13.2%14.9%
IV Rank14.7%8.1%28.0%22.1%22.0%
IV Percentile26.5%6.0%75.0%53.2%57.1%
Term Structure-3.8%-18.9%33.8%-8.1%-18.9%
Skew 25d-9.2%-30.8%8.5%-13.1%-29.7%
Skew 10d-11.7%-35.5%31.5%-23.0%-33.1%
Call IV 25d27.5%18.7%42.6%30.3%41.3%
Put IV 25d18.3%10.1%40.3%17.2%11.6%
Bid-Ask Spread %126.69114.14139.31121.47119.29
Gamma HHI1.001.001.001.001.00
Net GEX8902011170
Net DEX-421-1.0K0-6440
Net VEX-1-20-20
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI0.6190110

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-11-01$26.52$28.0031.6%9.1%13.4%22.1%0.0%-13.1%-8.1%117-644-20.00121.470010
2023-11-02$27.26$0.0025.9%6.5%16.1%15.0%0.0%1.2%-11.5%160-990-20.00138.690010
2023-11-03$27.30$0.0028.0%6.2%15.9%17.6%0.0%2.6%-8.6%164-1.0K-20.00138.820010
2023-11-06$27.05$0.0032.0%6.9%16.0%22.6%0.0%-7.1%-7.1%160-805-20.00136.870010
2023-11-07$26.86$0.0031.6%7.2%15.9%22.1%0.0%-4.5%-8.2%148-689-10.00139.310010
2023-11-08$26.55$0.0020.5%5.9%16.0%8.1%0.0%0.7%-5.9%124-547-10.00134.400010
2023-11-09$26.38$0.0022.3%6.4%15.7%10.3%0.0%0.2%-6.8%113-422-10.00137.240010
2023-11-10$26.45$0.0022.1%6.3%15.5%10.1%0.0%8.5%-5.2%115-554-10.00131.510010
2023-11-13$26.43$0.0023.1%6.6%14.9%11.5%0.0%-6.6%-6.6%115-401-10.00121.540010
2023-11-14$27.02$0.0023.1%6.6%17.0%11.4%0.0%-21.1%-3.0%140-856-10.00127.480010
2023-11-15$27.04$0.0020.6%5.9%16.8%8.2%0.0%-15.7%-4.0%161-761-10.00127.460010
2023-11-16$26.88$0.0021.8%6.3%16.9%9.8%0.0%-4.2%32.5%155-60500.00129.280010
2023-11-17$27.11$0.0021.7%6.2%16.8%9.6%0.0%-12.1%33.8%201-56000.00119.050010
2023-11-20$27.20$0.0021.1%6.0%16.6%8.9%0.0%-15.6%-4.8%0000.00114.420000
2023-11-21$27.16$0.0024.7%7.1%16.4%13.5%0.0%-13.1%-11.7%0000.00118.260000
2023-11-22$27.27$0.0025.1%7.2%16.3%14.0%0.0%-12.8%-0.5%0000.00115.290000
2023-11-24$27.34$0.0022.3%6.4%16.3%10.4%0.0%-5.3%-5.0%0000.00114.140000
2023-11-27$27.31$0.0024.2%6.9%15.1%12.8%0.0%1.7%-7.6%0000.00136.450000
2023-11-28$27.37$0.0030.2%8.7%15.1%20.4%0.0%-16.5%-7.8%0000.00114.540000
2023-11-29$27.30$0.0036.2%10.4%15.2%28.0%0.0%-30.8%-13.7%0000.00124.910000
2023-11-30$27.56$0.0031.5%9.0%15.2%22.0%0.0%-29.7%-18.9%0000.00119.290000