EMLP Options History — May 2025

In May 2025, EMLP traded between $36.20 and $37.34. ATM implied volatility averaged 30.2%, placing in the 31.8% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded above realized volatility by 9.4% (HV 20d: 20.8%). Max pain ranged from $34.00 to $35.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.06.

Notable Days

2025-05-23: Highest Volume — 45 contracts
2025-05-14: Largest IV drop — 64.8% change
2025-05-12: Highest IV Rank — 67.9%
2025-05-02: Largest Expected Move — 10.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$36.76	$36.20	$37.34	$36.33	$36.89
Max Pain	$34.10	$34.00	$35.00	$35.00	$34.00
ATM IV	30.2%	19.0%	55.0%	31.9%	20.8%
Expected Move	6.5%	5.4%	10.1%	9.2%	5.9%
HV 20d	20.8%	11.2%	41.0%	41.0%	11.2%
HV 60d	25.7%	25.6%	25.8%	25.8%	25.6%
IV Rank	31.8%	15.6%	67.9%	34.3%	18.1%
IV Percentile	48.1%	3.6%	96.4%	78.2%	11.5%
Term Structure	-4.2%	-12.4%	-0.7%	-10.7%	-0.7%
VWIV	22.2%	18.7%	24.9%	23.3%	19.0%
Skew 25d	1.5%	-12.3%	9.8%	3.4%	6.5%
Skew 10d	-3.3%	-22.4%	8.4%	-22.4%	-3.4%
Call IV 25d	22.5%	15.8%	37.6%	35.8%	19.0%
Put IV 25d	23.9%	11.5%	39.2%	39.2%	25.6%
Bid-Ask Spread %	131.80	120.65	147.35	146.12	130.53
Gamma HHI	0.78	0.74	0.86	0.76	0.84
Net GEX	134.7K	102.9K	177.4K	112.2K	177.4K
Net DEX	-1.4M	-1.6M	-1.2M	-1.3M	-1.3M
Net VEX	-4.9K	-5.4K	-4.1K	-5.4K	-4.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.06	0.00	0.88	0.00	0.00
Total Volume	3.714	0	45	3	3
Total OI	799.857	793	813	794	811

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
2025-05-01	$36.33	$35.00	31.9%	9.2%	41.0%	34.3%	0.0%	3.4%	-10.7%	112.2K	-1.3M	-5.4K	0.00	146.12	3	0	788	6
2025-05-02	$36.53	$35.00	35.1%	10.1%	40.3%	39.0%	0.0%	-2.2%	-12.4%	110.1K	-1.3M	-5.4K	0.00	147.35	0	0	788	6
2025-05-05	$36.20	$34.00	35.4%	6.4%	32.8%	39.4%	0.0%	1.4%	-7.0%	102.9K	-1.2M	-5.2K	0.00	131.60	4	0	788	6
2025-05-06	$36.25	$34.00	36.6%	6.2%	31.4%	41.1%	0.0%	3.7%	-6.7%	106.4K	-1.2M	-5.2K	0.00	131.22	3	0	792	6
2025-05-07	$36.58	$34.00	41.1%	6.6%	30.4%	47.6%	23.3%	8.1%	-5.0%	114.2K	-1.3M	-5.3K	0.00	133.42	1	0	792	6
2025-05-08	$36.57	$34.00	41.3%	5.8%	25.1%	47.9%	0.0%	3.0%	-3.8%	123.6K	-1.3M	-5.2K	0.00	133.85	0	0	793	6
2025-05-09	$36.45	$34.00	44.7%	6.3%	22.2%	52.9%	0.0%	-3.3%	-4.4%	127.0K	-1.4M	-5.3K	0.00	130.80	0	0	793	6
2025-05-12	$36.41	$34.00	55.0%	6.1%	20.6%	67.9%	0.0%	9.8%	-1.7%	126.8K	-1.3M	-5.0K	0.00	131.76	3	0	793	6
2025-05-13	$36.88	$34.00	54.1%	5.4%	19.6%	66.6%	18.7%	5.8%	-1.8%	142.1K	-1.4M	-4.9K	0.00	135.53	4	0	795	6
2025-05-14	$36.70	$34.00	19.0%	5.5%	19.6%	15.6%	0.0%	-6.8%	-3.1%	131.9K	-1.3M	-5.0K	0.00	130.58	4	0	796	6
2025-05-15	$37.05	$34.00	21.0%	6.0%	19.7%	18.4%	0.0%	3.5%	-3.0%	140.0K	-1.5M	-4.9K	0.00	133.37	0	0	796	6
2025-05-16	$37.27	$34.00	21.1%	6.1%	19.2%	18.6%	0.0%	2.8%	-0.7%	137.6K	-1.6M	-4.9K	0.00	134.12	0	0	796	6
2025-05-19	$37.24	$34.00	21.4%	6.1%	14.9%	19.1%	0.0%	-6.5%	-3.9%	141.5K	-1.6M	-4.9K	0.00	122.63	0	0	789	6
2025-05-20	$37.34	$34.00	24.2%	6.9%	12.3%	23.1%	24.5%	-7.3%	-5.1%	131.7K	-1.6M	-4.8K	0.00	120.65	1	0	789	6
2025-05-21	$36.91	$34.00	22.9%	6.6%	13.2%	21.2%	23.1%	-12.3%	-3.7%	132.9K	-1.4M	-4.8K	0.00	128.31	1	0	787	6
2025-05-22	$36.63	$34.00	21.0%	6.0%	12.4%	18.4%	24.9%	5.0%	-2.9%	145.8K	-1.3M	-4.7K	0.00	123.58	2	0	788	6
2025-05-23	$36.84	$34.00	21.9%	6.3%	12.5%	19.7%	20.1%	3.6%	-3.3%	138.6K	-1.4M	-4.6K	0.88	122.50	24	21	788	6
2025-05-27	$37.20	$34.00	22.1%	6.3%	12.8%	20.0%	23.1%	0.6%	-3.0%	166.4K	-1.5M	-4.3K	0.00	129.86	3	0	786	27
2025-05-28	$36.83	$34.00	20.3%	5.8%	13.3%	17.5%	0.0%	5.3%	-1.0%	164.6K	-1.3M	-4.2K	0.00	133.72	0	0	783	27
2025-05-29	$36.83	$34.00	22.6%	6.5%	11.6%	20.7%	23.2%	6.3%	-3.2%	154.3K	-1.3M	-4.2K	0.00	136.24	1	0	783	27
2025-05-30	$36.89	$34.00	20.8%	5.9%	11.2%	18.1%	19.0%	6.5%	-0.7%	177.4K	-1.3M	-4.1K	0.00	130.53	3	0	784	27