EMLP Options History — December 2025

In December 2025, EMLP traded between $37.57 and $38.94. ATM implied volatility averaged 25.0%, placing in the 17.0% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 16.2% (HV 20d: 8.9%). Max pain ranged from $31.00 to $31.00. Net GEX was positive for 15 of 22 trading days. Term structure was in contango for 0 of 22 days.

Notable Days

  • 2025-12-10: Largest IV drop — 38.6% change
  • 2025-12-09: Highest IV Rank — 31.5%
  • 2025-12-03: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.11$37.57$38.94$38.94$37.88
Max Pain$31.00$31.00$31.00$31.00$31.00
ATM IV25.0%20.0%34.2%26.0%26.4%
Expected Move6.6%5.7%8.4%7.5%7.6%
HV 20d8.9%7.1%9.8%8.9%7.1%
HV 60d9.0%8.5%9.4%9.2%8.6%
IV Rank17.0%8.9%31.5%18.6%19.2%
IV Percentile44.0%5.2%88.9%59.5%60.7%
Term Structure-5.7%-9.3%-3.6%-8.1%-7.9%
Skew 25d1.0%-0.4%2.1%0.1%1.8%
Skew 10d3.1%1.8%4.6%4.6%3.7%
Call IV 25d27.8%23.3%33.3%31.2%33.3%
Put IV 25d28.8%24.7%35.0%31.4%35.0%
Bid-Ask Spread %162.53151.85166.80153.75163.37
Gamma HHI0.300.250.450.250.45
Net GEX1.0K02.0K2.0K0
Net DEX-9.7K-23.6K0-23.6K0
Net VEX-10-250-250
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI12.955021210

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-12-01$38.94$31.0026.0%7.5%8.9%18.6%0.0%0.1%-8.1%2.0K-23.6K-250.00153.75001110
2025-12-02$38.59$31.0027.1%7.8%9.6%20.2%0.0%-0.4%-9.2%2.0K-21.6K-240.00151.85001110
2025-12-03$38.67$31.0029.4%8.4%9.4%24.0%0.0%0.3%-9.3%2.0K-22.1K-240.00155.50001110
2025-12-04$38.75$0.0030.0%5.7%9.2%24.9%0.0%1.5%-3.6%2.0K-22.6K-240.00165.37001110
2025-12-05$38.73$0.0031.1%6.0%9.2%26.6%0.0%1.4%-4.0%2.0K-22.5K-230.00166.78001110
2025-12-08$38.38$0.0033.9%6.1%9.8%31.2%0.0%0.9%-4.9%1.9K-20.5K-200.00166.80001110
2025-12-09$38.23$0.0034.2%5.9%9.4%31.5%0.0%0.6%-4.3%2.0K-19.5K-170.00164.35001110
2025-12-10$38.16$0.0021.0%6.0%9.4%10.5%0.0%0.8%-4.1%2.0K-19.3K-170.00165.35001110
2025-12-11$38.20$0.0020.7%5.9%9.3%10.1%0.0%1.1%-4.2%2.0K-19.5K-160.00164.38001110
2025-12-12$37.90$0.0020.0%5.7%9.4%8.9%0.0%0.9%-4.1%913-4.2K-70.00163.5500610
2025-12-15$38.03$0.0020.9%6.0%8.7%10.3%0.0%1.6%-4.5%951-4.6K-60.00163.4800610
2025-12-16$37.67$0.0020.7%5.9%9.0%10.1%0.0%1.0%-5.2%811-3.6K-40.00161.0900610
2025-12-17$37.78$0.0021.9%6.3%9.1%12.0%0.0%1.4%-5.8%843-4.0K-40.00164.5300610
2025-12-18$37.68$0.0021.4%6.1%9.1%11.2%0.0%1.2%-4.2%814-3.6K-30.00162.9300610
2025-12-19$37.57$0.0022.1%6.3%9.0%12.3%0.0%0.8%-4.7%562-1.8K00.00164.0200610
2025-12-22$37.71$0.0023.0%6.6%8.7%13.8%0.0%1.1%-5.9%0000.00161.940000
2025-12-23$37.88$0.0022.8%6.5%8.9%13.5%0.0%1.5%-5.2%0000.00162.360000
2025-12-24$37.95$0.0023.3%6.7%8.9%14.2%0.0%1.1%-4.9%0000.00164.930000
2025-12-26$37.80$0.0024.4%7.0%7.7%16.0%0.0%0.8%-6.5%0000.00163.070000
2025-12-29$37.91$0.0025.3%7.2%7.6%17.3%0.0%1.2%-7.7%0000.00163.650000
2025-12-30$38.06$0.0025.6%7.3%7.6%17.8%0.0%2.1%-7.3%0000.00162.630000
2025-12-31$37.88$0.0026.4%7.6%7.1%19.2%0.0%1.8%-7.9%0000.00163.370000