EMLP Options History — February 2025

In February 2025, EMLP traded between $36.84 and $37.70. ATM implied volatility averaged 24.1%, placing in the 24.4% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 8.8% (HV 20d: 15.3%). Max pain ranged from $34.00 to $38.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 0.21.

Notable Days

2025-02-18: Highest Volume — 21 contracts
2025-02-12: Largest IV drop — 40.3% change
2025-02-11: Highest IV Rank — 37.6%
2025-02-05: Largest Expected Move — 7.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$37.24	$36.84	$37.70	$37.05	$37.30
Max Pain	$34.63	$34.00	$38.00	$38.00	$34.00
ATM IV	24.1%	17.0%	32.6%	26.7%	24.9%
Expected Move	6.3%	4.9%	7.7%	7.6%	7.1%
HV 20d	15.3%	11.3%	17.4%	17.4%	11.9%
HV 60d	15.5%	15.0%	16.5%	16.5%	15.1%
IV Rank	24.4%	13.5%	37.6%	28.5%	25.7%
IV Percentile	34.6%	3.2%	77.8%	54.4%	41.7%
Term Structure	-4.0%	-7.9%	-0.3%	-7.9%	-4.8%
VWIV	16.2%	12.7%	19.6%	12.7%	19.6%
Skew 25d	-1.7%	-11.2%	3.4%	2.5%	-0.1%
Skew 10d	-11.8%	-21.5%	3.1%	-20.1%	-17.6%
Call IV 25d	24.9%	19.9%	31.8%	30.6%	28.0%
Put IV 25d	23.3%	15.8%	33.5%	33.0%	27.9%
Bid-Ask Spread %	138.06	127.04	157.11	151.46	136.17
Gamma HHI	0.26	0.22	0.30	0.26	0.29
Net GEX	12.9K	10.3K	16.0K	10.3K	13.6K
Net DEX	-175.4K	-211.3K	-137.2K	-137.2K	-183.1K
Net VEX	-462	-516	-362	-377	-501
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.21	0.00	2.50	0.00	0.00
Total Volume	2.789	0	21	5	1
Total OI	99.421	79	116	90	88

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2025-02-03	$37.05	$38.00	26.7%	7.6%	17.4%	28.5%	0.0%	2.5%	-7.9%	10.3K	-137.2K	-377	0.00	151.46	5	0	89	1
2025-02-04	$37.05	$38.00	25.9%	7.4%	17.3%	27.2%	0.0%	-10.3%	-7.6%	10.5K	-138.9K	-381	0.00	157.11	0	0	90	1
2025-02-05	$37.36	$38.00	26.8%	7.7%	17.1%	28.7%	0.0%	1.7%	-6.8%	12.7K	-151.4K	-362	0.00	153.50	12	0	90	1
2025-02-06	$37.06	$34.00	26.7%	5.4%	17.4%	28.5%	0.0%	-4.3%	-7.2%	15.0K	-165.6K	-465	0.00	139.97	1	0	102	1
2025-02-07	$36.98	$34.00	28.1%	5.5%	17.4%	30.7%	0.0%	-5.3%	-0.5%	12.1K	-163.5K	-485	0.00	141.57	1	0	103	1
2025-02-10	$37.34	$34.00	30.4%	5.7%	17.2%	34.3%	0.0%	-0.1%	-0.4%	12.7K	-176.9K	-476	0.00	139.32	1	0	104	1
2025-02-11	$37.20	$34.00	32.6%	5.7%	17.3%	37.6%	0.0%	-2.1%	-1.7%	13.0K	-175.6K	-481	0.00	132.59	1	0	105	1
2025-02-12	$36.94	$34.00	19.4%	5.6%	16.5%	17.2%	0.0%	-6.1%	-6.1%	14.4K	-167.2K	-479	0.00	141.18	0	0	106	1
2025-02-13	$37.36	$34.00	20.3%	5.8%	16.6%	18.5%	0.0%	1.5%	-0.4%	13.0K	-181.9K	-480	0.00	138.71	0	0	106	1
2025-02-14	$37.25	$34.00	20.6%	5.9%	15.7%	19.1%	0.0%	-2.0%	-1.6%	12.4K	-176.6K	-475	0.00	137.38	1	0	106	1
2025-02-18	$37.63	$34.00	17.0%	4.9%	16.1%	13.5%	12.7%	3.4%	-0.3%	12.5K	-201.6K	-432	0.00	127.80	21	0	107	1
2025-02-19	$37.70	$34.00	20.2%	5.8%	14.9%	18.4%	0.0%	1.3%	-4.9%	15.1K	-211.3K	-491	0.00	127.04	0	0	115	1
2025-02-20	$37.70	$34.00	20.8%	6.0%	14.4%	19.4%	0.0%	2.0%	-1.6%	15.1K	-210.2K	-482	0.00	138.24	0	0	115	1
2025-02-21	$37.45	$34.00	23.6%	6.8%	14.5%	23.7%	0.0%	0.5%	-6.2%	16.0K	-197.1K	-467	0.00	138.74	1	0	115	1
2025-02-24	$37.38	$34.00	23.7%	6.8%	14.5%	23.9%	0.0%	0.4%	-3.5%	12.9K	-184.1K	-463	0.00	131.49	0	0	78	1
2025-02-25	$36.92	$34.00	19.2%	5.5%	11.3%	16.8%	19.6%	1.9%	-5.1%	12.6K	-170.9K	-457	2.50	129.14	2	5	79	1
2025-02-26	$37.09	$34.00	24.9%	7.1%	11.4%	25.8%	0.0%	-5.7%	-4.1%	10.3K	-170.5K	-513	0.00	132.18	1	0	81	6
2025-02-27	$36.84	$34.00	25.6%	7.3%	11.7%	26.8%	0.0%	-11.2%	-5.3%	10.7K	-168.9K	-516	0.00	129.49	0	0	82	6
2025-02-28	$37.30	$34.00	24.9%	7.1%	11.9%	25.7%	0.0%	-0.1%	-4.8%	13.6K	-183.1K	-501	0.00	136.17	1	0	82	6