EMLP Options History — October 2025

In October 2025, EMLP traded between $37.69 and $38.45. ATM implied volatility averaged 28.3%, placing in the 22.3% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded above realized volatility by 18.6% (HV 20d: 9.7%). Max pain ranged from $41.00 to $41.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 0 of 23 days. Put/call ratio averaged 1.11.

Notable Days

2025-10-27: Highest Volume — 13 contracts
2025-10-15: Largest IV drop — 58.9% change
2025-10-14: Highest IV Rank — 59.6%
2025-10-03: Largest Expected Move — 8.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$38.07	$37.69	$38.45	$38.27	$37.69
Max Pain	$41.00	$41.00	$41.00	$41.00	$41.00
ATM IV	28.3%	21.0%	51.8%	27.8%	25.1%
Expected Move	6.5%	5.6%	8.2%	8.0%	7.2%
HV 20d	9.7%	8.7%	11.1%	9.8%	8.7%
HV 60d	9.3%	8.7%	9.7%	9.2%	8.7%
IV Rank	22.3%	10.5%	59.6%	21.3%	17.1%
IV Percentile	52.3%	12.7%	96.4%	67.1%	50.8%
Term Structure	-3.1%	-9.3%	-0.8%	-8.6%	-2.0%
VWIV	15.0%	15.0%	15.0%	15.0%	15.0%
Skew 25d	1.2%	-0.3%	4.2%	0.7%	1.1%
Skew 10d	2.1%	1.0%	4.1%	1.4%	3.1%
Call IV 25d	26.1%	20.8%	34.9%	33.0%	29.6%
Put IV 25d	27.4%	23.1%	35.6%	33.7%	30.7%
Bid-Ask Spread %	160.43	155.58	163.41	162.34	161.48
Gamma HHI	0.35	0.29	0.42	0.36	0.32
Net GEX	1.6K	1.2K	1.9K	1.5K	1.9K
Net DEX	-17.9K	-20.4K	-15.7K	-19.6K	-16.4K
Net VEX	-47	-59	-37	-59	-41
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.11	0.00	3.33	0.00	3.33
Total Volume	0.696	0	13	0	0
Total OI	11.478	8	22	10	22

Daily Data (23 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
2025-10-01	$38.27	$0.00	27.8%	8.0%	9.8%	21.3%	0.0%	0.7%	-8.6%	1.5K	-19.6K	-59	0.00	162.34	0	0	10	0
2025-10-02	$38.10	$0.00	28.0%	8.0%	10.0%	21.7%	0.0%	0.5%	-9.2%	1.6K	-18.8K	-58	0.00	161.75	0	0	10	0
2025-10-03	$38.36	$0.00	28.8%	8.2%	9.9%	22.9%	0.0%	0.7%	-9.3%	1.6K	-20.0K	-56	0.00	161.33	0	0	10	0
2025-10-06	$38.41	$0.00	33.8%	5.7%	9.4%	31.0%	0.0%	1.6%	-2.8%	1.8K	-20.4K	-53	0.00	162.03	0	0	10	0
2025-10-07	$38.36	$0.00	34.0%	5.7%	9.2%	31.4%	0.0%	1.2%	-3.1%	1.5K	-20.0K	-57	0.00	161.23	0	0	10	0
2025-10-08	$38.45	$0.00	33.7%	5.8%	9.0%	30.8%	0.0%	1.3%	-2.5%	1.6K	-20.4K	-56	0.00	160.89	0	0	10	0
2025-10-09	$38.05	$0.00	33.9%	5.6%	9.7%	31.2%	0.0%	0.8%	-2.3%	1.9K	-18.8K	-50	0.00	156.20	2	0	10	0
2025-10-10	$37.80	$0.00	36.9%	5.8%	9.9%	36.0%	0.0%	0.9%	-2.2%	1.4K	-15.7K	-43	0.00	155.58	0	0	8	0
2025-10-13	$37.91	$0.00	47.2%	6.1%	9.9%	52.4%	15.0%	4.2%	-2.1%	1.3K	-16.0K	-43	0.00	160.09	1	0	8	0
2025-10-14	$38.00	$41.00	51.8%	5.9%	9.5%	59.6%	0.0%	1.1%	-1.1%	1.4K	-17.1K	-46	0.00	158.83	0	0	9	0
2025-10-15	$38.36	$41.00	21.3%	6.1%	9.9%	11.0%	0.0%	1.1%	-3.1%	1.5K	-18.6K	-45	0.00	158.91	0	0	9	0
2025-10-16	$37.97	$41.00	21.0%	6.0%	10.6%	10.5%	0.0%	-0.3%	-2.6%	1.4K	-17.0K	-45	0.00	157.51	0	0	9	0
2025-10-17	$37.91	$41.00	21.8%	6.3%	10.6%	11.9%	0.0%	1.6%	-1.5%	1.5K	-16.8K	-43	0.00	160.95	0	0	9	0
2025-10-20	$38.28	$41.00	21.5%	6.2%	11.1%	11.4%	0.0%	2.2%	-1.9%	1.6K	-18.3K	-42	0.00	161.23	0	0	9	0
2025-10-21	$38.05	$41.00	22.0%	6.3%	11.1%	12.2%	0.0%	0.9%	-2.7%	1.4K	-17.4K	-44	0.00	160.69	0	0	9	0
2025-10-22	$38.22	$41.00	22.6%	6.5%	10.4%	13.1%	0.0%	2.0%	-2.4%	1.6K	-17.9K	-41	0.00	163.41	0	0	9	0
2025-10-23	$38.07	$41.00	22.2%	6.4%	9.5%	12.4%	0.0%	1.2%	-2.2%	1.5K	-17.1K	-42	0.00	159.23	0	0	9	0
2025-10-24	$38.01	$41.00	22.9%	6.6%	9.0%	13.6%	0.0%	1.5%	-4.3%	1.2K	-17.3K	-44	0.00	161.35	0	0	9	0
2025-10-27	$38.05	$41.00	23.3%	6.7%	9.0%	14.2%	0.0%	1.2%	-0.8%	1.7K	-17.2K	-37	3.33	162.01	3	10	9	0
2025-10-28	$37.87	$41.00	23.5%	6.7%	9.2%	14.5%	0.0%	1.4%	-2.3%	1.8K	-17.8K	-48	0.00	160.97	0	0	12	10
2025-10-29	$37.71	$41.00	25.0%	7.2%	9.2%	16.9%	0.0%	0.8%	-1.9%	1.9K	-16.7K	-44	0.00	162.11	0	0	12	10
2025-10-30	$37.75	$41.00	23.8%	6.8%	9.1%	15.1%	0.0%	1.0%	-1.4%	1.9K	-16.8K	-43	0.00	159.83	0	0	12	10
2025-10-31	$37.69	$41.00	25.1%	7.2%	8.7%	17.1%	0.0%	1.1%	-2.0%	1.9K	-16.4K	-41	0.00	161.48	0	0	12	10