EMLP Options History — February 2015

In February 2015, EMLP traded between $27.31 and $28.50. ATM implied volatility averaged 90.5%, placing in the 37.7% IV rank vs the trailing year. The 30-day expected move averaged 23.3%. IV traded above realized volatility by 73.1% (HV 20d: 17.4%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 0.03.

Notable Days

2015-02-24: Highest Volume — 29 contracts
2015-02-13: Largest IV spike — 91.6% change
2015-02-09: Highest IV Rank — 56.7%
2015-02-04: Largest Expected Move — 33.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$27.85	$27.31	$28.50	$28.09	$27.43
Max Pain	$30.00	$30.00	$30.00	$30.00	$30.00
ATM IV	90.5%	37.4%	128.1%	99.4%	94.7%
Expected Move	23.3%	10.7%	33.2%	28.5%	27.2%
HV 20d	17.4%	16.0%	18.9%	17.5%	16.6%
HV 60d	19.1%	18.2%	19.6%	18.3%	18.8%
IV Rank	37.7%	10.8%	56.7%	42.2%	39.8%
IV Percentile	52.2%	2.2%	84.8%	67.7%	63.4%
Term Structure	-30.8%	-42.8%	33.7%	-36.9%	-29.7%
VWIV	85.6%	34.2%	108.9%	34.2%	108.9%
Skew 25d	20.0%	8.0%	32.1%	9.3%	24.6%
Skew 10d	59.0%	31.8%	74.8%	35.9%	72.9%
Call IV 25d	96.9%	46.0%	145.5%	129.3%	112.3%
Put IV 25d	116.9%	78.1%	154.3%	138.7%	136.9%
Bid-Ask Spread %	165.30	143.97	175.20	150.83	174.58
Gamma HHI	0.56	0.50	0.62	0.56	0.54
Net GEX	1.0K	875	1.2K	1.0K	875
Net DEX	-25.4K	-29.2K	-19.2K	-27.4K	-20.0K
Net VEX	-141	-155	-129	-146	-152
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.03	0.00	0.12	0.00	0.12
Total Volume	22.526	0	29	0	29
Total OI	20.474	20	23	20	23

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	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2015-02-02	$28.09	$0.00	99.4%	28.5%	17.5%	42.2%	0.0%	9.3%	-36.9%	1.0K	-27.4K	-146	0.00	150.83	0	0	20	0
2015-02-03	$28.50	$0.00	109.8%	31.5%	16.0%	47.4%	0.0%	8.0%	-40.0%	995	-29.2K	-146	0.00	144.08	26	0	20	0
2015-02-04	$28.04	$0.00	115.7%	33.2%	16.4%	50.4%	0.0%	8.8%	-42.8%	977	-27.7K	-145	0.00	143.97	26	0	20	0
2015-02-05	$28.44	$30.00	117.9%	19.6%	17.0%	51.5%	34.2%	32.1%	-39.4%	1.2K	-26.9K	-143	0.00	148.94	26	0	20	0
2015-02-06	$27.80	$30.00	124.1%	20.9%	18.7%	54.7%	76.9%	21.4%	-36.8%	980	-26.9K	-142	0.00	154.35	26	0	20	0
2015-02-09	$27.58	$30.00	128.1%	19.5%	18.9%	56.7%	83.6%	24.1%	-31.2%	935	-26.1K	-140	0.00	172.34	26	0	20	0
2015-02-10	$27.88	$30.00	85.2%	19.7%	18.2%	35.0%	77.5%	18.3%	-30.9%	1.0K	-26.6K	-141	0.00	174.73	26	0	20	0
2015-02-11	$27.54	$30.00	69.9%	20.0%	18.6%	27.3%	81.2%	16.9%	-32.9%	1.0K	-25.0K	-138	0.00	172.85	26	0	20	0
2015-02-12	$27.82	$30.00	37.4%	10.7%	18.6%	10.8%	80.0%	13.4%	33.7%	1.1K	-25.6K	-138	0.00	171.40	26	0	20	0
2015-02-13	$27.80	$30.00	71.6%	20.5%	18.6%	28.1%	81.4%	18.5%	-33.6%	1.1K	-26.0K	-138	0.00	172.89	26	0	20	0
2015-02-17	$27.81	$30.00	76.1%	21.8%	17.5%	30.4%	86.4%	20.6%	-37.5%	1.0K	-26.1K	-136	0.00	173.43	26	0	20	0
2015-02-18	$27.91	$30.00	77.2%	22.1%	17.5%	31.0%	86.9%	22.5%	-38.2%	1.0K	-26.6K	-137	0.00	173.39	26	0	20	0
2015-02-19	$27.84	$30.00	79.9%	22.9%	16.8%	32.3%	0.0%	0.0%	-39.7%	1.2K	-22.8K	-129	0.00	145.27	0	0	20	0
2015-02-20	$27.95	$30.00	79.9%	22.9%	16.8%	32.3%	0.0%	23.7%	-40.4%	1.1K	-26.7K	-136	0.00	172.40	0	0	20	0
2015-02-23	$27.86	$30.00	84.7%	24.3%	16.8%	34.7%	95.7%	24.6%	-25.6%	1.0K	-26.4K	-133	0.00	173.43	26	0	20	0
2015-02-24	$27.87	$30.00	86.4%	24.8%	16.7%	35.6%	97.6%	25.0%	-26.7%	1.1K	-26.1K	-132	0.12	173.43	26	3	20	0
2015-02-25	$27.77	$30.00	88.4%	25.3%	16.8%	36.6%	100.7%	25.0%	-28.4%	889	-21.7K	-155	0.12	173.16	26	3	20	3
2015-02-26	$27.31	$30.00	92.8%	26.6%	16.7%	38.8%	107.6%	23.2%	-28.7%	880	-19.2K	-153	0.12	175.20	26	3	20	3
2015-02-27	$27.43	$30.00	94.7%	27.2%	16.6%	39.8%	108.9%	24.6%	-29.7%	875	-20.0K	-152	0.12	174.58	26	3	20	3