EMLP Options History — August 2015

In August 2015, EMLP traded between $22.53 and $24.89. ATM implied volatility averaged 103.4%, placing in the 44.1% IV rank vs the trailing year. The 30-day expected move averaged 26.2%. IV traded above realized volatility by 84.6% (HV 20d: 18.8%). Max pain ranged from $28.00 to $28.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.40.

Notable Days

2015-08-24: Highest Volume — 47 contracts
2015-08-12: Largest IV drop — 61.5% change
2015-08-11: Highest IV Rank — 70.5%
2015-08-05: Largest Expected Move — 35.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.01	$22.53	$24.89	$24.53	$23.88
Max Pain	$28.00	$28.00	$28.00	$28.00	$28.00
ATM IV	103.4%	59.8%	155.4%	112.6%	116.8%
Expected Move	26.2%	17.1%	35.5%	32.3%	33.5%
HV 20d	18.8%	14.4%	26.8%	15.9%	26.3%
HV 60d	15.1%	13.0%	18.8%	13.1%	18.8%
IV Rank	44.1%	22.2%	70.5%	48.9%	50.2%
IV Percentile	62.0%	8.7%	96.0%	77.0%	80.6%
Term Structure	-39.1%	-49.8%	-32.2%	-44.2%	-42.6%
VWIV	98.0%	52.6%	139.9%	54.0%	139.9%
Skew 25d	10.9%	8.3%	14.5%	12.9%	14.4%
Skew 10d	41.2%	34.8%	67.1%	35.5%	67.1%
Call IV 25d	128.6%	101.7%	167.9%	155.6%	161.2%
Put IV 25d	139.5%	110.0%	182.4%	168.5%	175.6%
Bid-Ask Spread %	149.14	147.31	150.68	150.68	148.57
Gamma HHI	0.51	0.36	0.57	0.56	0.36
Net GEX	767	161	997	997	239
Net DEX	-14.2K	-23.6K	8.0K	-20.5K	134
Net VEX	-141	-181	-98	-143	-173
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.40	0.13	0.96	0.13	0.96
Total Volume	28.857	0	47	0	47
Total OI	37.762	33	53	33	53

Daily Data (21 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
2015-08-03	$24.53	$0.00	112.6%	32.3%	15.9%	48.9%	0.0%	12.9%	-44.2%	997	-20.5K	-143	0.00	150.68	0	0	30	3
2015-08-04	$24.25	$0.00	119.1%	34.2%	14.8%	52.2%	0.0%	13.4%	-44.7%	961	-19.1K	-138	0.13	149.49	24	3	30	3
2015-08-05	$23.87	$0.00	123.9%	35.5%	15.2%	54.5%	0.0%	14.5%	-49.8%	910	-17.3K	-132	0.13	149.55	24	3	30	3
2015-08-06	$23.88	$28.00	127.9%	21.7%	15.2%	56.6%	54.0%	8.3%	-32.2%	904	-17.6K	-133	0.13	148.75	24	3	30	3
2015-08-07	$23.87	$28.00	132.4%	21.9%	14.4%	58.9%	54.4%	8.4%	-32.9%	904	-17.5K	-132	0.13	148.99	24	3	30	3
2015-08-10	$24.25	$28.00	148.1%	22.6%	15.9%	66.8%	54.5%	8.5%	-33.5%	954	-19.3K	-133	0.13	149.04	24	3	30	3
2015-08-11	$24.23	$28.00	155.4%	22.9%	15.8%	70.5%	0.0%	8.9%	-34.5%	953	-19.1K	-132	0.00	149.28	0	0	30	3
2015-08-12	$24.73	$28.00	59.8%	17.1%	17.6%	22.2%	52.6%	8.7%	-36.2%	989	-22.2K	-139	0.13	149.24	24	3	30	3
2015-08-13	$24.49	$28.00	81.4%	23.3%	17.7%	33.1%	54.3%	8.8%	-35.0%	968	-20.8K	-135	0.13	149.45	24	3	30	3
2015-08-14	$24.68	$28.00	61.5%	17.6%	17.8%	23.0%	94.0%	9.0%	-38.4%	965	-22.6K	-137	0.13	150.08	24	3	30	3
2015-08-17	$24.89	$28.00	64.1%	18.4%	17.2%	24.3%	95.8%	9.7%	-40.6%	995	-23.6K	-136	0.13	149.38	24	3	30	3
2015-08-18	$24.69	$28.00	65.3%	18.7%	17.4%	25.0%	99.2%	9.8%	-42.8%	975	-22.5K	-132	0.13	149.22	24	3	30	3
2015-08-19	$24.47	$28.00	89.2%	25.6%	16.9%	37.0%	0.0%	9.9%	-41.4%	946	-21.5K	-129	0.00	150.03	0	0	30	3
2015-08-20	$24.07	$28.00	91.6%	26.3%	17.7%	38.3%	108.0%	10.5%	-45.1%	901	-19.6K	-125	0.13	149.32	24	3	30	3
2015-08-21	$23.65	$28.00	94.0%	26.9%	18.7%	39.4%	114.3%	11.8%	-49.0%	857	-17.7K	-116	0.13	149.30	24	3	30	3
2015-08-24	$22.72	$28.00	100.5%	28.8%	23.1%	42.8%	115.2%	8.4%	-38.7%	778	-12.2K	-98	0.96	147.31	24	23	30	3
2015-08-25	$22.53	$28.00	106.3%	30.5%	22.0%	45.7%	135.7%	13.1%	-34.1%	161	8.0K	-167	0.96	148.42	24	23	30	23
2015-08-26	$22.84	$28.00	108.0%	31.0%	22.3%	45.7%	135.5%	13.3%	-34.4%	194	6.1K	-169	0.96	148.46	24	23	30	23
2015-08-27	$23.65	$28.00	106.0%	30.4%	26.3%	44.7%	129.7%	13.0%	-35.4%	266	1.4K	-179	0.96	148.58	24	23	30	23
2015-08-28	$23.95	$28.00	108.0%	31.0%	26.8%	45.7%	130.5%	13.3%	-35.9%	293	-590	-181	0.96	148.82	24	23	30	23
2015-08-31	$23.88	$28.00	116.8%	33.5%	26.3%	50.2%	139.9%	14.4%	-42.6%	239	134	-173	0.96	148.57	24	23	30	23