EMLP Options History — April 2025

In April 2025, EMLP traded between $33.29 and $37.87. ATM implied volatility averaged 36.5%, placing in the 41.6% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded above realized volatility by 2.6% (HV 20d: 34.0%). Max pain ranged from $38.00 to $38.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.02.

Notable Days

2025-04-04: Highest Volume — 260 contracts
2025-04-03: Largest IV spike — 51.9% change
2025-04-07: Highest IV Rank — 100.0%
2025-04-07: Largest Expected Move — 13.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$35.79	$33.29	$37.87	$37.61	$36.00
Max Pain	$38.00	$38.00	$38.00	$38.00	$38.00
ATM IV	36.5%	26.0%	77.1%	28.0%	32.0%
Expected Move	8.9%	5.4%	13.0%	5.4%	9.2%
HV 20d	34.0%	14.7%	40.9%	14.8%	40.9%
HV 60d	23.0%	14.7%	26.0%	14.7%	25.7%
IV Rank	41.6%	25.7%	100.0%	30.7%	34.5%
IV Percentile	76.7%	55.2%	100.0%	63.5%	79.4%
Term Structure	-5.6%	-11.9%	-1.1%	-8.3%	-9.4%
VWIV	23.3%	22.0%	24.6%	22.0%	24.6%
Skew 25d	2.4%	-13.2%	9.6%	2.3%	-13.2%
Skew 10d	-0.4%	-20.5%	29.1%	-6.6%	-0.9%
Call IV 25d	33.3%	20.8%	48.9%	31.9%	35.3%
Put IV 25d	35.7%	22.2%	51.3%	34.2%	22.2%
Bid-Ask Spread %	159.37	145.76	175.57	157.53	156.20
Gamma HHI	0.69	0.29	0.76	0.29	0.76
Net GEX	81.1K	20.6K	110.6K	20.6K	106.9K
Net DEX	-943.8K	-1.4M	-183.6K	-183.6K	-1.2M
Net VEX	-4.7K	-5.8K	-572	-572	-5.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.02	0.00	0.17	0.05	0.00
Total Volume	37.952	0	260	124	0
Total OI	729.667	156	858	156	793

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	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2025-04-01	$37.61	$0.00	28.0%	5.4%	14.8%	30.7%	0.0%	2.3%	-8.3%	20.6K	-183.6K	-572	0.05	157.53	118	6	154	2
2025-04-02	$37.87	$0.00	28.5%	5.4%	14.7%	31.4%	0.0%	2.3%	-4.3%	43.9K	-497.6K	-1.5K	0.00	159.24	62	0	257	8
2025-04-03	$37.01	$0.00	43.3%	8.5%	15.7%	54.4%	0.0%	2.7%	-7.0%	42.6K	-477.3K	-2.1K	0.00	174.33	258	0	319	5
2025-04-04	$34.71	$0.00	53.3%	9.9%	27.9%	70.1%	0.0%	4.6%	-2.4%	43.8K	-626.7K	-4.1K	0.01	169.56	257	3	577	5
2025-04-07	$33.91	$0.00	77.1%	13.0%	28.9%	100.0%	0.0%	0.8%	-11.9%	68.1K	-684.3K	-4.7K	0.17	170.13	30	5	834	2
2025-04-08	$33.29	$0.00	71.3%	11.6%	29.1%	91.6%	0.0%	-0.1%	-8.1%	65.2K	-577.0K	-4.2K	0.00	157.86	1	0	844	7
2025-04-09	$35.02	$0.00	41.2%	11.8%	35.0%	47.8%	0.0%	4.8%	-2.6%	89.5K	-862.0K	-5.3K	0.00	175.57	0	0	845	7
2025-04-10	$33.98	$0.00	39.5%	11.3%	36.4%	45.3%	0.0%	2.8%	-6.1%	73.6K	-575.8K	-4.2K	0.00	166.45	0	0	845	7
2025-04-11	$34.87	$0.00	30.3%	8.7%	37.0%	32.0%	0.0%	9.6%	-1.1%	80.7K	-831.1K	-5.2K	0.00	145.76	0	0	845	7
2025-04-14	$35.66	$0.00	27.4%	7.9%	37.6%	27.8%	0.0%	4.1%	-3.8%	87.6K	-1.1M	-5.7K	0.00	158.12	31	0	845	7
2025-04-15	$35.88	$0.00	26.0%	7.5%	37.7%	25.7%	0.0%	7.9%	-2.6%	92.4K	-1.1M	-5.7K	0.00	150.39	1	0	849	7
2025-04-16	$35.74	$0.00	33.8%	9.7%	37.3%	37.1%	0.0%	2.5%	-4.9%	86.1K	-1.2M	-5.8K	0.00	170.22	1	0	850	7
2025-04-17	$36.28	$0.00	34.7%	10.0%	37.9%	38.4%	0.0%	1.8%	-11.8%	96.1K	-1.3M	-5.8K	0.00	155.62	2	0	851	7
2025-04-21	$35.16	$0.00	28.6%	8.2%	39.2%	29.5%	0.0%	1.3%	-3.4%	87.6K	-960.9K	-5.2K	0.00	150.38	14	0	791	6
2025-04-22	$36.06	$0.00	27.8%	8.0%	40.2%	28.3%	22.0%	8.6%	-3.5%	93.3K	-1.2M	-5.5K	0.00	154.10	5	0	780	6
2025-04-23	$36.06	$38.00	27.4%	7.8%	40.2%	27.7%	0.0%	1.3%	-4.2%	94.0K	-1.2M	-5.6K	0.00	155.14	1	0	784	6
2025-04-24	$36.62	$38.00	28.0%	8.0%	40.7%	28.6%	0.0%	3.5%	-3.9%	104.4K	-1.3M	-5.7K	0.00	155.63	0	0	785	6
2025-04-25	$36.49	$38.00	28.6%	8.2%	40.5%	29.6%	0.0%	2.9%	-5.3%	110.2K	-1.3M	-5.6K	0.00	160.00	0	0	785	6
2025-04-28	$36.70	$38.00	30.2%	8.7%	40.6%	31.8%	0.0%	-1.5%	-4.9%	105.7K	-1.4M	-5.6K	0.00	149.03	0	0	785	6
2025-04-29	$36.63	$38.00	30.3%	8.7%	40.5%	31.9%	24.6%	1.2%	-7.6%	110.6K	-1.4M	-5.5K	0.00	155.52	2	0	785	6
2025-04-30	$36.00	$38.00	32.0%	9.2%	40.9%	34.5%	0.0%	-13.2%	-9.4%	106.9K	-1.2M	-5.3K	0.00	156.20	0	0	787	6