EMLP Options History — November 2025

In November 2025, EMLP traded between $37.45 and $39.21. ATM implied volatility averaged 24.9%, placing in the 16.7% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded above realized volatility by 16.6% (HV 20d: 8.3%). Max pain ranged from $31.00 to $41.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 0 of 19 days.

Notable Days

  • 2025-11-12: Largest IV drop — 34.3% change
  • 2025-11-11: Highest IV Rank — 30.5%
  • 2025-11-04: Largest Expected Move — 8.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.32$37.45$39.21$37.60$39.21
Max Pain$32.58$31.00$41.00$41.00$31.00
ATM IV24.9%20.7%33.5%26.8%23.6%
Expected Move6.5%5.6%8.0%7.7%6.8%
HV 20d8.3%7.7%9.1%8.7%8.4%
HV 60d8.8%8.6%9.2%8.6%9.2%
IV Rank16.7%10.1%30.5%19.8%14.7%
IV Percentile42.9%9.9%84.9%61.1%35.7%
Term Structure-6.5%-9.3%-3.2%-3.2%-6.6%
Skew 25d1.7%0.6%6.4%1.9%0.6%
Skew 10d4.2%-3.5%7.0%3.8%5.5%
Call IV 25d26.1%22.5%32.2%30.9%28.4%
Put IV 25d27.8%23.9%34.4%32.8%29.0%
Bid-Ask Spread %154.43149.87161.40159.36152.30
Gamma HHI0.270.250.340.330.25
Net GEX2.0K1.7K2.1K1.9K2.1K
Net DEX-20.2K-25.3K-14.8K-15.7K-25.3K
Net VEX-37-44-26-38-26
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI21.78921222221

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-11-03$37.60$41.0026.8%7.7%8.7%19.8%0.0%1.9%-3.2%1.9K-15.7K-380.00159.36001210
2025-11-04$37.45$41.0027.9%8.0%8.7%21.6%0.0%1.9%-5.8%1.8K-14.8K-370.00161.40001210
2025-11-05$37.69$41.0026.4%7.6%9.1%19.2%0.0%2.7%-3.9%1.9K-15.6K-360.00160.45001210
2025-11-06$37.80$31.0027.7%5.6%8.4%21.2%0.0%0.7%-9.3%2.1K-16.8K-360.00154.34001210
2025-11-07$38.01$31.0027.4%5.6%8.3%20.7%0.0%2.4%-8.1%2.0K-18.1K-400.00149.87001210
2025-11-10$38.33$31.0030.6%5.6%8.8%25.8%0.0%1.6%-6.3%1.9K-20.9K-430.00154.35001210
2025-11-11$38.41$31.0033.5%5.8%8.8%30.5%0.0%1.1%-6.5%1.9K-21.3K-420.00154.43001210
2025-11-12$38.52$31.0022.0%6.3%8.2%12.2%0.0%1.1%-7.2%2.0K-21.9K-420.00156.04001210
2025-11-13$38.25$31.0020.7%5.9%7.7%10.1%0.0%6.4%-7.4%1.7K-20.3K-440.00153.03001210
2025-11-14$38.64$31.0021.3%6.1%8.4%11.1%0.0%1.7%-6.9%2.0K-22.3K-390.00151.15001210
2025-11-17$38.39$31.0021.6%6.2%8.1%11.6%0.0%0.8%-7.7%2.0K-20.8K-370.00152.63001210
2025-11-18$38.47$31.0021.9%6.3%7.8%12.1%0.0%2.0%-7.8%2.0K-21.3K-370.00153.62001210
2025-11-19$38.37$31.0022.9%6.6%7.7%13.6%0.0%2.1%-8.7%2.0K-20.7K-370.00153.44001210
2025-11-20$38.23$31.0021.9%6.3%7.7%12.0%0.0%0.9%-6.3%1.9K-19.8K-350.00152.01001210
2025-11-21$38.50$31.0022.8%6.5%8.1%13.4%0.0%1.3%-4.4%2.0K-21.2K-340.00156.17001210
2025-11-24$38.55$31.0024.9%7.1%8.1%16.7%0.0%1.3%-6.0%1.9K-21.3K-310.00152.18001110
2025-11-25$38.59$31.0025.4%7.3%7.8%17.5%0.0%1.2%-5.8%1.9K-21.6K-310.00154.71001110
2025-11-26$39.03$31.0023.0%6.6%8.4%13.8%0.0%1.3%-5.9%2.0K-24.2K-290.00152.72001110
2025-11-28$39.21$31.0023.6%6.8%8.4%14.7%0.0%0.6%-6.6%2.1K-25.3K-260.00152.30001110