EMLP Options History — September 2025

In September 2025, EMLP traded between $37.18 and $38.44. ATM implied volatility averaged 25.0%, placing in the 16.9% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 16.8% (HV 20d: 8.2%). Max pain ranged from $33.00 to $37.00. 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

  • 2025-09-12: Highest Volume — 251 contracts
  • 2025-09-10: Largest IV drop — 27.0% change
  • 2025-09-09: Highest IV Rank — 25.4%
  • 2025-09-03: Largest Expected Move — 7.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.83$37.18$38.44$37.75$38.16
Max Pain$35.86$33.00$37.00$33.00$37.00
ATM IV25.0%21.3%30.3%26.0%27.0%
Expected Move6.8%5.6%7.9%7.5%7.7%
HV 20d8.2%7.1%10.1%8.1%9.8%
HV 60d8.8%8.5%9.3%8.5%9.2%
IV Rank16.9%11.1%25.4%18.6%20.1%
IV Percentile46.1%14.3%79.4%59.9%63.5%
Term Structure-5.2%-8.2%-1.5%-7.0%-8.0%
VWIV22.7%14.7%30.7%14.7%30.7%
Skew 25d0.8%-0.3%1.7%0.8%1.0%
Skew 10d1.4%-0.9%19.9%0.9%1.1%
Call IV 25d27.3%23.0%32.3%31.4%32.2%
Put IV 25d28.2%24.0%33.2%32.3%33.2%
Bid-Ask Spread %160.72156.31164.01156.31161.35
Gamma HHI0.730.360.900.860.36
Net GEX54.5K1.5K87.7K74.4K1.6K
Net DEX-553.2K-891.6K-18.2K-816.0K-19.0K
Net VEX-498-1.0K-58-1.0K-58
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume15.905025100
Total OI242.6191036135310

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-09-02$37.75$33.0026.0%7.5%8.1%18.6%0.0%0.8%-7.0%74.4K-816.0K-1.0K0.00156.31003521
2025-09-03$37.64$33.0027.6%7.9%7.1%21.1%0.0%0.8%-8.2%74.4K-789.2K-1.0K0.00157.74003521
2025-09-04$37.67$0.0026.9%5.6%7.1%19.9%0.0%1.1%-3.0%76.5K-798.8K-9980.00160.33003521
2025-09-05$37.47$0.0025.1%5.8%7.2%17.0%0.0%0.7%-1.5%78.2K-753.1K-9630.00158.59003521
2025-09-08$37.18$0.0029.1%6.0%7.5%23.5%0.0%-0.2%-2.5%78.7K-683.2K-8810.00158.77003521
2025-09-09$37.41$0.0030.3%6.2%7.8%25.4%0.0%1.2%-2.6%76.0K-733.1K-8400.00162.06003521
2025-09-10$37.69$0.0022.1%6.3%8.2%12.3%0.0%0.9%-2.9%76.3K-797.0K-7650.00161.58003521
2025-09-11$37.87$0.0021.6%6.2%8.1%11.5%0.0%1.7%-4.6%77.5K-843.2K-7280.00161.53003521
2025-09-12$38.03$0.0021.3%6.1%8.1%11.1%0.0%1.0%-4.6%79.6K-891.6K-6300.00164.0125103521
2025-09-15$37.94$0.0022.6%6.5%8.0%13.1%0.0%0.1%-5.9%81.1K-865.6K-5090.00163.45003511
2025-09-16$37.63$0.0022.1%6.3%8.3%12.3%0.0%-0.3%-5.2%87.7K-794.1K-4600.00160.49003511
2025-09-17$37.78$0.0023.1%6.6%8.3%13.8%14.7%0.8%-5.1%84.6K-828.0K-3890.00156.385003511
2025-09-18$37.87$37.0022.9%6.6%7.7%13.5%0.0%1.1%-4.0%86.5K-872.8K-3710.00161.64803601
2025-09-19$37.76$37.0025.1%7.2%7.7%17.0%0.0%0.2%-6.2%86.2K-823.7K-2040.00161.65003521
2025-09-22$37.73$37.0025.5%7.3%7.6%17.8%0.0%0.9%-5.9%6.7K-77.0K-1510.00162.8100360
2025-09-23$38.01$37.0025.4%7.3%7.6%17.6%0.0%0.9%-6.6%6.9K-82.7K-1430.00160.3600360
2025-09-24$38.44$37.0024.5%7.0%8.5%16.1%30.7%1.1%-5.5%6.7K-91.5K-1360.00160.43250360
2025-09-25$37.97$0.0025.5%7.3%9.7%17.8%0.0%1.2%-6.7%1.5K-18.2K-600.00162.9300100
2025-09-26$38.27$0.0024.6%7.0%10.1%16.2%0.0%1.6%-6.3%1.5K-19.5K-610.00162.1400100
2025-09-29$38.20$0.0026.2%7.5%10.1%18.9%0.0%0.6%-7.7%1.6K-19.2K-590.00160.6800100
2025-09-30$38.16$0.0027.0%7.7%9.8%20.1%0.0%1.0%-8.0%1.6K-19.0K-580.00161.3500100