EMLP Options History — August 2025

In August 2025, EMLP traded between $37.58 and $38.38. ATM implied volatility averaged 28.5%, placing in the 22.5% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded above realized volatility by 18.3% (HV 20d: 10.2%). Max pain ranged from $33.00 to $42.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2025-08-13: Highest Volume — 6 contracts
2025-08-13: Largest IV drop — 64.2% change
2025-08-12: Highest IV Rank — 65.4%
2025-08-01: Largest Expected Move — 8.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$37.95	$37.58	$38.38	$38.00	$37.98
Max Pain	$33.43	$33.00	$42.00	$42.00	$33.00
ATM IV	28.5%	19.8%	55.4%	30.3%	24.1%
Expected Move	6.2%	5.5%	8.7%	8.7%	6.9%
HV 20d	10.2%	8.7%	11.1%	9.5%	8.7%
HV 60d	9.6%	8.5%	10.2%	9.9%	8.5%
IV Rank	22.5%	8.7%	65.4%	25.4%	15.4%
IV Percentile	45.0%	4.4%	97.6%	79.4%	38.1%
Term Structure	-3.8%	-11.0%	-1.3%	-11.0%	-5.0%
VWIV	8.9%	8.9%	8.9%	8.9%	8.9%
Skew 25d	-2.4%	-16.4%	6.5%	1.0%	-7.4%
Skew 10d	0.4%	-16.6%	19.2%	19.2%	-2.8%
Call IV 25d	24.1%	15.0%	35.8%	35.8%	28.2%
Put IV 25d	21.7%	10.2%	36.8%	36.8%	20.8%
Bid-Ask Spread %	155.78	149.37	159.75	158.54	158.53
Gamma HHI	0.79	0.67	0.88	0.69	0.86
Net GEX	70.1K	66.0K	79.7K	67.1K	72.9K
Net DEX	-865.0K	-956.2K	-779.0K	-879.0K	-872.0K
Net VEX	-1.4K	-1.8K	-1.1K	-1.8K	-1.1K
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	0.333	0	6	0	0
Total OI	388.048	353	424	419	353

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	Call OI	Put OI
2025-08-01	$38.00	$42.00	30.3%	8.7%	9.5%	25.4%	0.0%	1.0%	-11.0%	67.1K	-879.0K	-1.8K	158.54	0	418	1
2025-08-04	$38.38	$33.00	34.8%	5.7%	9.5%	32.6%	0.0%	6.5%	-3.2%	67.0K	-956.2K	-1.6K	149.37	0	418	1
2025-08-05	$37.95	$33.00	31.4%	5.5%	10.5%	27.1%	0.0%	-4.2%	-3.6%	71.7K	-874.6K	-1.7K	153.58	0	418	1
2025-08-06	$37.96	$33.00	35.2%	5.6%	10.5%	33.2%	0.0%	0.9%	-3.5%	67.1K	-863.9K	-1.7K	157.10	0	418	1
2025-08-07	$38.09	$33.00	37.2%	5.8%	10.6%	36.4%	0.0%	1.7%	-4.0%	67.4K	-888.9K	-1.6K	158.41	0	418	1
2025-08-08	$37.89	$33.00	38.1%	5.6%	10.8%	37.8%	0.0%	0.7%	-4.3%	67.3K	-846.7K	-1.6K	156.69	0	418	1
2025-08-11	$37.78	$33.00	52.0%	5.9%	10.8%	59.9%	0.0%	-9.0%	-4.4%	69.7K	-826.3K	-1.6K	158.19	0	418	1
2025-08-12	$37.93	$33.00	55.4%	5.7%	10.9%	65.4%	0.0%	1.6%	-3.8%	67.6K	-849.1K	-1.5K	157.69	0	418	1
2025-08-13	$38.14	$33.00	19.8%	5.7%	11.0%	8.7%	8.9%	2.0%	-1.3%	68.6K	-897.6K	-1.5K	149.62	6	418	1
2025-08-14	$37.98	$33.00	20.2%	5.8%	11.1%	9.3%	0.0%	1.3%	-2.1%	68.4K	-869.4K	-1.5K	158.15	0	423	1
2025-08-15	$37.81	$33.00	20.5%	5.9%	10.6%	9.8%	0.0%	0.9%	-1.9%	69.6K	-834.7K	-1.5K	153.73	1	423	1
2025-08-18	$37.58	$33.00	21.2%	6.1%	10.3%	10.9%	0.0%	0.6%	-2.8%	67.6K	-779.0K	-1.4K	156.87	0	352	1
2025-08-19	$37.70	$33.00	21.5%	6.2%	10.1%	11.4%	0.0%	-9.4%	-2.9%	73.0K	-814.1K	-1.4K	157.52	0	352	1
2025-08-20	$38.04	$33.00	21.0%	6.0%	10.6%	10.5%	0.0%	1.6%	-1.8%	66.7K	-874.4K	-1.3K	153.96	0	352	1
2025-08-21	$38.00	$33.00	21.9%	6.3%	10.2%	12.0%	0.0%	-4.7%	-3.7%	71.6K	-880.3K	-1.3K	153.68	0	352	1
2025-08-22	$38.12	$33.00	21.6%	6.2%	10.3%	11.6%	0.0%	0.7%	-3.2%	66.0K	-889.5K	-1.3K	159.75	0	352	1
2025-08-25	$37.82	$33.00	22.4%	6.4%	10.1%	12.8%	0.0%	-14.7%	-4.1%	79.6K	-855.3K	-1.2K	150.38	0	352	1
2025-08-26	$37.89	$33.00	22.5%	6.5%	9.2%	13.0%	0.0%	0.8%	-3.4%	71.0K	-847.8K	-1.2K	155.09	0	352	1
2025-08-27	$37.97	$33.00	22.7%	6.5%	9.3%	13.2%	0.0%	-5.7%	-4.1%	73.0K	-872.2K	-1.1K	158.26	0	352	1
2025-08-28	$37.97	$33.00	23.8%	6.8%	9.0%	15.1%	0.0%	-16.4%	-5.1%	79.7K	-894.7K	-1.1K	156.21	0	352	1
2025-08-29	$37.98	$33.00	24.1%	6.9%	8.7%	15.4%	0.0%	-7.4%	-5.0%	72.9K	-872.0K	-1.1K	158.53	0	352	1