EMLP Options History — March 2025

In March 2025, EMLP traded between $35.85 and $37.75. ATM implied volatility averaged 26.0%, placing in the 27.5% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 11.6% (HV 20d: 14.4%). Max pain ranged from $34.00 to $34.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2025-03-18: Highest Volume — 477 contracts
2025-03-11: Largest IV drop — 42.3% change
2025-03-10: Highest IV Rank — 39.0%
2025-03-13: Largest Expected Move — 12.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$37.01	$35.85	$37.75	$37.09	$37.52
Max Pain	$34.00	$34.00	$34.00	$34.00	$34.00
ATM IV	26.0%	19.3%	33.5%	27.4%	28.3%
Expected Move	7.3%	4.6%	12.0%	7.9%	5.5%
HV 20d	14.4%	11.7%	16.3%	11.7%	15.4%
HV 60d	14.8%	14.6%	15.3%	14.7%	14.8%
IV Rank	27.5%	17.1%	39.0%	29.7%	31.2%
IV Percentile	48.5%	4.4%	81.7%	60.3%	64.7%
Term Structure	-5.1%	-10.0%	2.8%	-8.0%	-7.9%
VWIV	24.9%	12.0%	41.7%	36.9%	19.6%
Skew 25d	-2.1%	-18.1%	2.7%	-7.0%	1.2%
Skew 10d	-6.5%	-21.7%	11.5%	-21.1%	-21.7%
Call IV 25d	27.1%	22.7%	31.5%	31.2%	31.5%
Put IV 25d	25.0%	10.9%	32.7%	24.2%	32.7%
Bid-Ask Spread %	144.81	110.73	163.67	111.61	160.21
Gamma HHI	0.24	0.20	0.31	0.28	0.28
Net GEX	17.0K	11.9K	23.2K	13.1K	16.6K
Net DEX	-193.9K	-269.6K	-126.0K	-174.7K	-183.0K
Net VEX	-622	-742	-486	-502	-692
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	29.095	0	477	0	0
Total OI	133.619	89	164	89	156

Daily Data (21 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	Put Vol	Call OI	Put OI
2025-03-03	$37.09	$34.00	27.4%	7.9%	11.7%	29.7%	0.0%	-7.0%	-8.0%	13.1K	-174.7K	-502	111.61	0	0	83	6
2025-03-04	$36.72	$34.00	29.5%	8.5%	12.0%	32.9%	0.0%	-4.7%	-8.2%	12.4K	-153.0K	-500	137.19	1	0	83	6
2025-03-05	$36.49	$34.00	29.9%	8.6%	12.2%	33.6%	0.0%	2.3%	-3.3%	12.7K	-150.0K	-503	110.73	1	0	84	6
2025-03-06	$35.85	$34.00	29.7%	8.5%	13.1%	33.2%	0.0%	2.1%	-6.6%	11.9K	-126.0K	-486	138.10	1	0	85	6
2025-03-07	$36.13	$34.00	30.1%	8.6%	13.3%	33.9%	36.9%	1.7%	0.8%	12.3K	-138.1K	-496	134.71	51	0	86	6
2025-03-10	$36.13	$34.00	33.5%	9.6%	13.3%	39.0%	41.7%	2.7%	1.0%	14.5K	-158.1K	-540	136.41	0	2	127	6
2025-03-11	$36.39	$34.00	19.3%	10.3%	13.1%	17.1%	0.0%	2.7%	2.8%	15.6K	-171.6K	-534	136.00	25	0	127	5
2025-03-12	$36.58	$34.00	22.8%	10.2%	13.3%	22.4%	0.0%	2.4%	-5.4%	18.0K	-188.8K	-694	134.23	3	0	152	5
2025-03-13	$36.31	$34.00	19.9%	12.0%	13.3%	18.0%	0.0%	2.2%	2.7%	19.6K	-181.7K	-677	137.22	1	0	154	5
2025-03-14	$36.99	$34.00	23.1%	11.2%	14.4%	23.0%	0.0%	2.4%	-6.6%	19.6K	-229.5K	-742	132.89	1	0	155	5
2025-03-17	$37.56	$34.00	24.4%	4.6%	15.4%	25.1%	12.0%	-5.1%	-7.8%	23.2K	-260.5K	-670	143.79	11	0	156	5
2025-03-18	$37.30	$34.00	24.5%	4.7%	15.1%	25.1%	14.3%	1.1%	-10.0%	21.3K	-243.3K	-671	146.39	477	0	157	5
2025-03-19	$37.73	$34.00	24.9%	4.6%	15.7%	25.9%	19.6%	-1.8%	-8.6%	18.5K	-264.0K	-682	147.16	2	0	157	5
2025-03-20	$37.75	$0.00	25.4%	5.5%	15.7%	26.6%	0.0%	1.8%	-5.2%	18.9K	-269.6K	-691	163.03	0	0	159	5
2025-03-21	$37.36	$0.00	24.2%	5.5%	16.0%	24.7%	0.0%	1.7%	-4.8%	22.3K	-258.5K	-687	160.12	0	0	159	5
2025-03-24	$37.71	$0.00	25.4%	5.5%	16.3%	26.6%	0.0%	-17.4%	-5.7%	18.9K	-201.1K	-661	163.37	1	0	129	2
2025-03-25	$37.49	$0.00	25.8%	5.5%	15.8%	27.2%	0.0%	-18.1%	-7.1%	14.3K	-183.3K	-682	161.26	1	0	130	2
2025-03-26	$37.63	$0.00	27.6%	5.5%	15.7%	30.0%	0.0%	-4.5%	-6.8%	18.1K	-198.4K	-686	163.67	1	0	131	2
2025-03-27	$37.25	$0.00	25.2%	5.5%	16.0%	26.3%	0.0%	-5.7%	-5.9%	17.1K	-166.5K	-628	160.84	1	0	122	2
2025-03-28	$37.31	$0.00	25.1%	5.4%	15.4%	26.1%	0.0%	-4.3%	-5.9%	18.2K	-173.3K	-645	162.00	31	0	123	2
2025-03-31	$37.52	$0.00	28.3%	5.5%	15.4%	31.2%	0.0%	1.2%	-7.9%	16.6K	-183.0K	-692	160.21	0	0	154	2