EMLP Options History — February 2026

In February 2026, EMLP traded between $39.86 and $43.74. ATM implied volatility averaged 24.0%, placing in the 11.4% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 14.3% (HV 20d: 9.7%). Max pain ranged from $39.00 to $39.00. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 0.00.

Notable Days

2026-02-27: Highest Volume — 23 contracts
2026-02-20: Largest IV spike — 36.3% change
2026-02-09: Highest IV Rank — 22.3%
2026-02-20: Largest Expected Move — 8.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$42.06	$39.86	$43.74	$39.86	$43.74
Max Pain	$39.00	$39.00	$39.00	$39.00	$39.00
ATM IV	24.0%	18.8%	30.4%	24.7%	23.8%
Expected Move	6.3%	5.4%	8.3%	7.1%	6.8%
HV 20d	9.7%	8.4%	10.6%	9.7%	10.1%
HV 60d	9.7%	9.1%	10.1%	9.1%	9.8%
IV Rank	11.4%	3.0%	22.3%	12.8%	10.6%
IV Percentile	38.0%	0.8%	81.0%	47.2%	39.3%
Term Structure	-3.8%	-10.0%	1.6%	-6.1%	1.6%
VWIV	10.7%	10.7%	10.7%	10.7%	10.7%
Skew 25d	0.2%	-9.3%	2.0%	0.8%	1.2%
Skew 10d	1.1%	-10.0%	9.6%	4.9%	9.0%
Call IV 25d	25.2%	19.4%	33.8%	30.8%	27.0%
Put IV 25d	25.4%	10.8%	35.8%	31.6%	28.2%
Bid-Ask Spread %	149.26	142.57	159.83	159.55	145.62
Gamma HHI	1.00	1.00	1.00	1.00	1.00
Net GEX	78	0	163	0	60
Net DEX	-2.8K	-4.2K	0	0	-4.2K
Net VEX	-2	-4	0	0	-1
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	1.263	0	23	0	23
Total OI	0.737	0	1	0	1

Daily Data (19 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
2026-02-02	$39.86	$0.00	24.7%	7.1%	9.7%	12.8%	0.0%	0.8%	-6.1%	0	0	0	159.55	0	0
2026-02-03	$40.47	$0.00	24.3%	7.0%	10.3%	12.2%	0.0%	1.6%	1.4%	0	0	0	157.15	0	0
2026-02-04	$40.55	$0.00	26.7%	7.7%	9.8%	16.1%	0.0%	1.2%	-7.3%	0	0	0	159.83	0	0
2026-02-05	$40.54	$0.00	29.1%	5.6%	8.6%	20.1%	0.0%	1.7%	-3.3%	0	0	0	149.37	0	0
2026-02-06	$40.75	$0.00	27.7%	5.6%	8.4%	17.8%	10.7%	-9.3%	-3.9%	0	0	0	148.30	1	0
2026-02-09	$40.95	$39.00	30.4%	5.7%	8.4%	22.3%	0.0%	-8.2%	-4.3%	163	-3.1K	-4	147.82	0	1
2026-02-10	$41.27	$39.00	30.3%	5.7%	8.5%	22.0%	0.0%	0.0%	-2.9%	158	-3.4K	-3	146.64	0	1
2026-02-11	$41.75	$39.00	19.5%	5.6%	8.6%	4.1%	0.0%	1.6%	-3.9%	134	-3.5K	-3	148.37	0	1
2026-02-12	$42.16	$39.00	19.4%	5.6%	8.7%	4.0%	0.0%	1.4%	-3.1%	120	-3.6K	-3	149.68	0	1
2026-02-13	$42.92	$39.00	18.8%	5.4%	10.0%	3.0%	0.0%	2.0%	-3.4%	95	-3.8K	-2	149.50	0	1
2026-02-17	$42.84	$39.00	20.3%	5.8%	10.2%	5.4%	0.0%	0.8%	-5.2%	98	-3.8K	-2	147.13	0	1
2026-02-18	$42.53	$39.00	20.1%	5.8%	10.5%	5.2%	0.0%	0.1%	-5.8%	108	-3.7K	-3	145.95	0	1
2026-02-19	$42.80	$39.00	21.2%	6.1%	10.5%	7.0%	0.0%	1.3%	-2.3%	101	-3.8K	-2	147.65	0	1
2026-02-20	$43.08	$39.00	28.9%	8.3%	10.6%	19.2%	0.0%	2.0%	-10.0%	97	-3.6K	-3	157.86	0	1
2026-02-23	$43.06	$39.00	22.3%	6.4%	10.1%	8.0%	0.0%	0.9%	-4.0%	91	-3.9K	-2	145.37	0	1
2026-02-24	$43.20	$39.00	22.6%	6.5%	10.1%	8.7%	0.0%	1.9%	-3.3%	87	-3.9K	-2	144.00	0	1
2026-02-25	$43.26	$39.00	22.2%	6.4%	10.1%	8.0%	0.0%	1.2%	-3.3%	83	-4.0K	-2	142.57	0	1
2026-02-26	$43.44	$39.00	22.9%	6.6%	10.1%	9.1%	0.0%	1.9%	-3.8%	78	-4.0K	-2	143.65	0	1
2026-02-27	$43.74	$39.00	23.8%	6.8%	10.1%	10.6%	0.0%	1.2%	1.6%	60	-4.2K	-1	145.62	23	1