EMLP Options History — December 2023

In December 2023, EMLP traded between $27.20 and $27.93. ATM implied volatility averaged 33.1%, placing in the 24.1% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 20.5% (HV 20d: 12.6%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 3 of 20 trading days. Term structure was in contango for 0 of 20 days. Put/call ratio averaged 0.00.

Notable Days

2023-12-28: Highest Volume — 75 contracts
2023-12-13: Largest IV drop — 51.1% change
2023-12-11: Highest IV Rank — 55.3%
2023-12-01: Largest Expected Move — 9.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$27.63	$27.20	$27.93	$27.86	$27.66
Max Pain	$30.00	$30.00	$30.00	$30.00	$30.00
ATM IV	33.1%	18.7%	57.9%	32.0%	31.4%
Expected Move	6.9%	5.1%	9.2%	9.2%	9.0%
HV 20d	12.6%	11.0%	13.7%	12.3%	13.3%
HV 60d	15.0%	13.8%	15.7%	14.9%	13.8%
IV Rank	24.1%	5.9%	55.3%	22.7%	21.9%
IV Percentile	50.8%	4.4%	96.0%	61.5%	60.3%
Term Structure	-5.9%	-12.6%	-0.2%	-12.6%	-8.4%
VWIV	18.8%	17.4%	20.2%	20.2%	17.4%
Skew 25d	-6.8%	-29.5%	10.1%	-29.5%	-25.1%
Skew 10d	-6.0%	-27.7%	11.8%	-23.0%	-27.7%
Call IV 25d	26.3%	18.0%	39.7%	39.7%	36.2%
Put IV 25d	19.5%	9.9%	32.4%	10.1%	11.1%
Bid-Ask Spread %	131.52	115.43	143.10	115.43	129.70
Gamma HHI	0.74	0.57	0.83	0.82	0.57
Net GEX	368	0	5.6K	0	5.6K
Net DEX	-1.4K	-23.1K	0	0	-23.1K
Net VEX	-6	-99	0	0	-99
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	4.8	0	75	0	0
Total OI	6.9	0	96	0	96

Daily Data (20 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
2023-12-01	$27.86	$0.00	32.0%	9.2%	12.3%	22.7%	0.0%	-29.5%	-12.6%	0	0	0	115.43	0	0
2023-12-04	$27.81	$0.00	32.9%	6.1%	12.4%	23.8%	0.0%	10.1%	-5.5%	0	0	0	136.94	0	0
2023-12-05	$27.52	$0.00	44.7%	7.4%	12.5%	38.7%	0.0%	2.1%	-6.4%	0	0	0	143.10	0	0
2023-12-06	$27.52	$0.00	37.7%	5.7%	12.2%	29.8%	0.0%	-7.3%	-5.9%	0	0	0	138.64	0	0
2023-12-07	$27.39	$0.00	51.9%	5.1%	11.4%	47.7%	0.0%	-1.1%	-1.7%	0	0	0	134.81	0	0
2023-12-08	$27.45	$0.00	55.3%	7.5%	11.0%	52.0%	0.0%	2.1%	-9.0%	0	0	0	141.47	0	0
2023-12-11	$27.37	$0.00	57.9%	6.3%	11.2%	55.3%	0.0%	9.4%	-9.0%	0	0	0	140.25	0	0
2023-12-12	$27.20	$0.00	52.0%	5.3%	11.5%	47.9%	0.0%	-1.7%	-2.0%	0	0	0	134.69	0	0
2023-12-13	$27.88	$0.00	25.4%	7.3%	12.1%	14.4%	0.0%	2.4%	-6.5%	0	0	0	136.77	0	0
2023-12-14	$27.93	$0.00	24.7%	7.1%	12.1%	13.4%	0.0%	1.1%	-4.9%	0	0	0	140.96	0	0
2023-12-15	$27.54	$0.00	19.0%	5.4%	13.1%	6.2%	0.0%	2.7%	-2.6%	0	0	0	137.51	0	0
2023-12-18	$27.70	$0.00	18.7%	5.4%	12.9%	5.9%	0.0%	-0.6%	-2.6%	0	0	0	139.26	0	0
2023-12-19	$27.84	$0.00	28.2%	8.1%	13.0%	17.8%	0.0%	-20.9%	-10.1%	0	0	0	121.65	0	0
2023-12-20	$27.61	$0.00	29.4%	8.4%	13.4%	19.4%	0.0%	-21.7%	-5.0%	0	0	0	129.47	0	0
2023-12-21	$27.68	$0.00	19.0%	5.4%	13.4%	6.2%	0.0%	-1.6%	-1.0%	0	0	0	124.26	0	0
2023-12-22	$27.56	$0.00	28.0%	8.0%	13.5%	17.6%	0.0%	-12.4%	-9.1%	0	0	0	123.70	0	0
2023-12-26	$27.73	$0.00	20.1%	5.8%	13.6%	7.6%	20.2%	-11.4%	-0.2%	0	0	0	118.61	21	0
2023-12-27	$27.61	$30.00	23.7%	6.8%	13.7%	12.1%	0.0%	-12.9%	-8.2%	784	-2.2K	-13	124.92	0	21
2023-12-28	$27.70	$30.00	30.6%	8.8%	13.7%	20.9%	17.4%	-20.2%	-7.2%	962	-3.1K	-15	118.33	75	21
2023-12-29	$27.66	$30.00	31.4%	9.0%	13.3%	21.9%	0.0%	-25.1%	-8.4%	5.6K	-23.1K	-99	129.70	0	96