EMLP Options History — December 2015

In December 2015, EMLP traded between $19.14 and $21.50. ATM implied volatility averaged 127.4%, placing in the 56.6% IV rank vs the trailing year. The 30-day expected move averaged 32.6%. IV traded above realized volatility by 102.2% (HV 20d: 25.2%). Max pain ranged from $22.00 to $22.00. Net GEX was positive for 8 of 22 trading days. Term structure was in contango for 0 of 22 days. Put/call ratio averaged 0.00.

Notable Days

  • 2015-12-02: Highest Volume — 70 contracts
  • 2015-12-09: Largest IV drop — 60.6% change
  • 2015-12-07: Highest IV Rank — 86.6%
  • 2015-12-31: Largest Expected Move — 43.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.96$19.14$21.50$21.50$20.20
Max Pain$22.00$22.00$22.00$22.00$22.00
ATM IV127.4%73.7%187.1%110.1%153.0%
Expected Move32.6%21.1%43.9%31.6%43.9%
HV 20d25.2%18.5%29.6%18.5%28.6%
HV 60d24.5%21.5%26.5%22.8%21.6%
IV Rank56.6%29.7%86.6%48.0%69.5%
IV Percentile75.7%14.7%99.6%71.4%92.5%
Term Structure-47.3%-67.8%-31.7%-47.3%-67.8%
VWIV155.0%155.0%155.0%155.0%155.0%
Skew 25d18.8%8.4%94.0%13.3%9.3%
Skew 10d50.7%35.1%63.0%50.9%63.0%
Call IV 25d140.6%51.4%190.6%183.4%114.7%
Put IV 25d159.4%121.8%199.8%196.7%124.1%
Bid-Ask Spread %151.93146.56153.53147.72153.25
Gamma HHI0.850.681.000.681.00
Net GEX54002.3K2.0K0
Net DEX-15.9K-77.4K0-77.4K0
Net VEX-28-1350-1350
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume38.18207000
Total OI48.364076760

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-12-01$21.50$22.00110.1%31.6%18.5%48.0%0.0%13.3%-47.3%2.0K-77.4K-1350.00147.7200760
2015-12-02$20.93$22.00115.5%33.1%18.8%50.6%155.0%8.4%-54.7%1.9K-67.3K-1200.00146.56700760
2015-12-03$20.48$0.00151.8%25.7%19.4%68.9%0.0%10.1%-31.7%1.8K-60.3K-1080.00153.28700760
2015-12-04$20.07$0.00159.0%26.3%20.0%72.5%0.0%10.1%-34.2%1.7K-56.8K-1030.00151.21700760
2015-12-07$19.42$0.00187.1%28.6%21.3%86.6%0.0%92.8%-37.2%2.0K-41.3K-810.00151.5500760
2015-12-08$19.44$0.00187.0%28.9%21.5%86.5%0.0%94.0%-38.1%13-1100.00151.47700760
2015-12-09$20.06$0.0073.7%21.1%25.4%29.7%0.0%10.9%-39.0%2.3K-45.9K-760.00151.52700760
2015-12-10$19.85$0.0075.1%21.5%25.4%30.4%0.0%11.6%-41.2%41-3400.00152.83700760
2015-12-11$19.31$0.00105.6%30.3%25.2%45.7%0.0%12.0%-42.1%0000.00152.59700760
2015-12-14$19.14$0.00111.0%31.8%25.2%48.4%0.0%12.6%-47.0%0000.00152.22700760
2015-12-15$19.31$0.00112.3%32.2%23.4%49.1%0.0%12.1%-47.4%0000.00152.56700760
2015-12-16$19.88$0.00109.4%31.4%26.5%47.6%0.0%12.0%-49.0%0000.00152.49700760
2015-12-17$19.56$0.00111.8%32.1%26.5%48.8%0.0%11.9%-51.4%0000.00152.39700760
2015-12-18$19.44$0.00117.2%33.6%26.5%51.5%0.0%12.2%-49.8%0000.00152.64700760
2015-12-21$19.58$0.00120.4%34.5%26.9%53.1%0.0%13.2%-44.6%0000.00151.530000
2015-12-22$19.94$0.00121.9%34.9%28.1%53.9%0.0%13.5%-44.4%0000.00151.840000
2015-12-23$20.37$0.00123.0%35.2%29.4%54.4%0.0%12.7%-43.7%0000.00153.320000
2015-12-24$20.39$0.00125.5%36.0%29.4%55.7%0.0%12.2%-45.5%0000.00153.510000
2015-12-28$20.15$0.00139.9%40.1%29.6%62.9%0.0%9.1%-57.5%0000.00152.270000
2015-12-29$20.14$0.00144.0%41.3%29.6%65.0%0.0%9.4%-60.8%0000.00153.530000
2015-12-30$20.01$0.00149.0%42.7%29.6%67.5%0.0%9.4%-65.5%0000.00152.180000
2015-12-31$20.20$0.00153.0%43.9%28.6%69.5%0.0%9.3%-67.8%0000.00153.250000