EMLP Options History — July 2025

In July 2025, EMLP traded between $37.02 and $38.24. ATM implied volatility averaged 25.0%, placing in the 19.1% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 17.0% (HV 20d: 8.0%). Max pain ranged from $37.00 to $42.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2025-07-08: Highest Volume — 61 contracts
2025-07-09: Largest IV drop — 36.5% change
2025-07-07: Highest IV Rank — 35.3%
2025-07-30: Largest Expected Move — 8.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$37.46	$37.02	$38.24	$37.16	$38.24
Max Pain	$41.68	$37.00	$42.00	$40.00	$42.00
ATM IV	25.0%	20.4%	32.6%	26.6%	28.3%
Expected Move	6.8%	5.8%	8.1%	7.6%	8.1%
HV 20d	8.0%	6.5%	9.8%	9.8%	9.2%
HV 60d	13.5%	9.8%	24.4%	24.4%	9.8%
IV Rank	19.1%	11.4%	35.3%	26.5%	22.2%
IV Percentile	42.4%	8.7%	83.3%	58.7%	67.5%
Term Structure	-5.0%	-10.0%	2.5%	-7.4%	-10.0%
VWIV	26.3%	26.3%	26.3%	26.3%	26.3%
Skew 25d	-7.4%	-17.5%	4.5%	-8.5%	0.7%
Skew 10d	-7.0%	-22.3%	22.1%	-20.5%	22.1%
Call IV 25d	25.9%	14.7%	34.0%	20.4%	34.0%
Put IV 25d	18.5%	11.1%	34.7%	12.0%	34.7%
Bid-Ask Spread %	158.37	148.68	163.34	152.94	161.53
Gamma HHI	0.71	0.64	0.78	0.72	0.69
Net GEX	67.6K	58.0K	78.2K	71.7K	71.8K
Net DEX	-750.4K	-954.8K	-634.5K	-755.3K	-954.8K
Net VEX	-2.2K	-2.9K	-1.6K	-2.9K	-1.6K
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	3.909	0	61	18	0
Total OI	459.227	417	529	520	419

Daily Data (22 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
2025-07-01	$37.16	$40.00	26.6%	7.6%	9.8%	26.5%	26.3%	-8.5%	-7.4%	71.7K	-755.3K	-2.9K	152.94	18	0	520	0
2025-07-02	$37.20	$37.00	28.1%	8.1%	9.1%	28.8%	0.0%	-13.1%	-8.2%	75.7K	-841.0K	-2.9K	156.35	4	0	529	0
2025-07-03	$37.33	$42.00	28.8%	5.8%	7.5%	29.8%	0.0%	-9.8%	-3.5%	78.2K	-799.4K	-2.8K	161.81	0	0	525	0
2025-07-07	$37.05	$42.00	32.6%	6.1%	7.9%	35.3%	0.0%	-4.8%	-4.7%	77.5K	-737.8K	-2.7K	160.29	0	0	525	0
2025-07-08	$37.02	$42.00	32.2%	5.9%	7.8%	34.7%	0.0%	-4.5%	-2.3%	76.0K	-729.5K	-2.7K	160.78	61	0	525	0
2025-07-09	$37.05	$42.00	20.4%	5.9%	7.7%	14.4%	0.0%	-5.4%	-2.2%	63.1K	-634.5K	-2.3K	160.92	0	0	465	0
2025-07-10	$37.14	$42.00	20.7%	5.9%	7.7%	14.8%	0.0%	-11.7%	-2.3%	62.1K	-634.6K	-2.2K	160.96	0	0	465	0
2025-07-11	$37.23	$42.00	20.6%	5.9%	7.3%	14.7%	0.0%	-11.7%	2.5%	64.6K	-651.0K	-2.2K	160.85	0	0	465	0
2025-07-14	$37.34	$42.00	21.5%	6.2%	7.1%	11.4%	0.0%	4.5%	-3.3%	58.0K	-663.9K	-2.1K	156.50	0	0	465	0
2025-07-15	$37.28	$42.00	22.2%	6.4%	7.1%	12.5%	0.0%	-13.2%	-4.2%	62.7K	-665.1K	-2.1K	163.28	0	0	465	0
2025-07-16	$37.24	$42.00	22.0%	6.3%	6.7%	12.1%	0.0%	-13.4%	-3.6%	59.7K	-657.8K	-2.1K	160.60	0	1	465	0
2025-07-17	$37.31	$42.00	22.6%	6.5%	6.5%	13.1%	0.0%	-13.4%	-4.4%	59.3K	-673.4K	-2.1K	156.88	0	0	465	1
2025-07-18	$37.72	$42.00	22.4%	6.4%	7.3%	12.7%	0.0%	1.1%	-1.7%	64.6K	-745.5K	-2.1K	159.47	0	0	465	1
2025-07-21	$37.38	$42.00	24.6%	7.1%	8.1%	16.4%	0.0%	0.1%	-9.0%	60.0K	-663.6K	-2.0K	157.52	0	0	416	1
2025-07-22	$37.64	$42.00	23.8%	6.8%	8.4%	15.1%	0.0%	-13.4%	-2.6%	60.3K	-698.4K	-2.0K	156.67	0	0	416	1
2025-07-23	$37.60	$42.00	24.0%	6.9%	8.1%	15.4%	0.0%	0.4%	-5.7%	71.4K	-772.0K	-2.0K	162.32	0	0	416	1
2025-07-24	$37.89	$42.00	23.8%	6.8%	7.7%	15.1%	0.0%	-9.6%	-5.3%	67.8K	-819.1K	-1.9K	154.72	0	0	416	1
2025-07-25	$37.88	$42.00	24.8%	7.1%	7.8%	16.6%	0.0%	-11.0%	-6.8%	70.1K	-864.5K	-1.9K	156.56	0	0	416	1
2025-07-28	$37.52	$42.00	25.7%	7.4%	8.6%	18.0%	0.0%	-17.5%	-9.2%	74.3K	-789.1K	-1.8K	151.11	0	0	416	1
2025-07-29	$37.95	$42.00	26.0%	7.4%	9.4%	18.5%	0.0%	-8.9%	-8.0%	71.2K	-878.8K	-1.8K	148.68	2	0	416	1
2025-07-30	$38.00	$42.00	28.3%	8.1%	9.0%	22.3%	0.0%	0.6%	-9.4%	67.0K	-880.8K	-1.8K	163.34	0	0	418	1
2025-07-31	$38.24	$42.00	28.3%	8.1%	9.2%	22.2%	0.0%	0.7%	-10.0%	71.8K	-954.8K	-1.6K	161.53	0	0	418	1