EMLP Options History — October 2015

In October 2015, EMLP traded between $21.94 and $23.84. ATM implied volatility averaged 110.0%, placing in the 47.7% IV rank vs the trailing year. The 30-day expected move averaged 26.5%. IV traded above realized volatility by 80.8% (HV 20d: 29.2%). Max pain ranged from $23.00 to $23.00. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 0.37.

Notable Days

2015-10-14: Highest Volume — 71 contracts
2015-10-13: Largest IV spike — 390.4% change
2015-10-09: Highest IV Rank — 86.2%
2015-10-01: Largest Expected Move — 39.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$23.26	$21.94	$23.84	$21.94	$23.09
Max Pain	$23.00	$23.00	$23.00	$23.00	$23.00
ATM IV	110.0%	14.5%	187.0%	139.1%	114.1%
Expected Move	26.5%	16.2%	39.9%	39.9%	32.7%
HV 20d	29.2%	17.5%	32.5%	28.2%	17.5%
HV 60d	25.7%	24.0%	26.0%	24.0%	25.6%
IV Rank	47.7%	0.0%	86.2%	61.6%	50.0%
IV Percentile	63.2%	0.0%	99.6%	92.1%	77.8%
Term Structure	-24.2%	-66.7%	66.7%	-63.0%	-41.9%
VWIV	79.5%	20.3%	134.3%	120.3%	70.7%
Skew 25d	10.7%	-2.4%	45.9%	3.7%	12.6%
Skew 10d	39.9%	33.7%	48.4%	35.5%	39.6%
Call IV 25d	124.5%	48.8%	191.1%	189.6%	151.4%
Put IV 25d	135.1%	94.6%	193.3%	193.3%	163.9%
Bid-Ask Spread %	152.88	151.17	154.09	151.17	153.41
Gamma HHI	0.43	0.30	0.83	0.43	0.36
Net GEX	541	-4.5K	2.5K	-164	2.5K
Net DEX	-42.7K	-85.7K	13.3K	13.3K	-85.7K
Net VEX	-147	-180	-88	-88	-178
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.37	0.00	2.00	2.00	0.00
Total Volume	50.045	0	71	30	50
Total OI	57.409	36	77	36	76

Daily Data (22 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
2015-10-01	$21.94	$23.00	139.1%	39.9%	28.2%	61.6%	120.3%	3.7%	-63.0%	-164	13.3K	-88	2.00	151.17	10	20	16	20
2015-10-02	$22.69	$23.00	138.8%	39.8%	30.8%	61.5%	134.3%	-2.4%	-66.7%	-138	10.5K	-92	0.67	151.90	30	20	16	20
2015-10-05	$23.37	$23.00	154.2%	21.6%	32.5%	69.4%	0.0%	7.4%	-15.3%	509	-19.3K	-157	0.00	153.58	0	0	36	20
2015-10-06	$23.35	$23.00	161.8%	21.9%	32.3%	73.3%	73.5%	7.8%	-15.8%	563	-18.4K	-151	0.67	152.22	30	20	36	20
2015-10-07	$23.55	$23.00	166.1%	21.5%	31.9%	75.5%	72.4%	8.0%	-17.2%	535	-20.5K	-153	0.67	152.94	30	20	36	20
2015-10-08	$23.84	$23.00	175.3%	21.7%	32.0%	80.2%	70.3%	8.3%	-17.1%	592	-23.0K	-152	0.67	153.35	30	20	36	20
2015-10-09	$23.77	$23.00	187.0%	21.9%	31.7%	86.2%	71.8%	8.6%	-17.7%	598	-22.5K	-147	0.67	154.09	30	20	36	20
2015-10-12	$23.66	$23.00	14.5%	22.8%	31.7%	0.0%	75.7%	9.1%	-19.5%	-2.8K	-32.4K	-131	0.67	153.04	30	20	36	20
2015-10-13	$23.41	$23.00	71.1%	23.8%	32.0%	28.4%	79.3%	9.2%	-19.1%	-4.5K	-27.6K	-130	0.67	152.74	30	20	36	20
2015-10-14	$23.39	$23.00	84.0%	24.1%	31.7%	34.9%	49.2%	45.9%	-19.8%	-2.9K	-29.4K	-124	0.39	151.65	51	20	36	20
2015-10-15	$23.69	$23.00	84.7%	24.3%	31.9%	35.2%	84.0%	8.7%	-25.1%	-1.7K	-64.1K	-180	0.39	153.28	51	20	57	20
2015-10-16	$23.78	$23.00	83.9%	24.0%	31.7%	34.8%	82.3%	9.3%	-21.8%	1.9K	-68.6K	-174	0.39	152.93	51	20	57	20
2015-10-19	$23.61	$23.00	88.0%	25.2%	31.8%	36.9%	88.0%	9.8%	-24.7%	1.8K	-66.9K	-168	0.00	153.43	51	0	57	0
2015-10-20	$23.68	$23.00	89.2%	25.6%	31.4%	37.5%	88.5%	10.2%	-25.3%	1.9K	-67.4K	-166	0.00	152.42	51	0	57	0
2015-10-21	$23.44	$23.00	93.2%	26.7%	29.3%	39.5%	92.8%	10.1%	-25.0%	1.8K	-65.2K	-163	0.00	152.76	51	0	57	0
2015-10-22	$23.30	$23.00	95.1%	27.3%	29.4%	40.5%	96.1%	10.4%	-26.4%	1.8K	-63.9K	-160	0.00	153.01	51	0	57	0
2015-10-23	$23.08	$23.00	97.4%	27.9%	29.7%	41.6%	100.5%	10.8%	-28.3%	1.7K	-61.7K	-153	0.00	152.81	51	0	57	0
2015-10-26	$22.82	$23.00	103.6%	29.7%	27.0%	44.7%	67.5%	11.9%	-33.1%	1.9K	-57.8K	-144	0.00	153.49	51	0	57	0
2015-10-27	$22.48	$23.00	108.9%	31.2%	25.4%	47.4%	72.7%	11.8%	-33.2%	1.8K	-54.4K	-137	0.00	153.73	51	0	57	0
2015-10-28	$22.79	$23.00	56.6%	16.2%	20.9%	21.1%	20.3%	11.4%	66.7%	2.4K	-54.8K	-140	0.00	153.18	51	0	57	0
2015-10-29	$22.93	$23.00	112.8%	32.3%	21.0%	49.3%	59.9%	11.9%	-42.6%	1.9K	-59.1K	-138	0.00	152.20	50	0	57	0
2015-10-30	$23.09	$23.00	114.1%	32.7%	17.5%	50.0%	70.7%	12.6%	-41.9%	2.5K	-85.7K	-178	0.00	153.41	50	0	76	0