EMLP Options History — February 2016

In February 2016, EMLP traded between $18.82 and $20.69. ATM implied volatility averaged 130.7%, placing in the 67.3% IV rank vs the trailing year. The 30-day expected move averaged 33.2%. IV traded above realized volatility by 95.7% (HV 20d: 35.0%). Max pain ranged from $20.00 to $20.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 0 of 20 days. Put/call ratio averaged 0.00.

Notable Days

2016-02-01: Highest Volume — 6 contracts
2016-02-10: Largest IV drop — 45.1% change
2016-02-09: Highest IV Rank — 99.5%
2016-02-03: Largest Expected Move — 42.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$20.04	$18.82	$20.69	$20.04	$20.69
Max Pain	$20.00	$20.00	$20.00	$20.00	$20.00
ATM IV	130.7%	102.2%	186.2%	140.4%	134.5%
Expected Move	33.2%	25.7%	42.3%	40.2%	38.6%
HV 20d	35.0%	27.0%	39.3%	37.9%	27.0%
HV 60d	30.4%	29.2%	31.5%	29.2%	31.5%
IV Rank	67.3%	50.8%	99.5%	72.9%	69.5%
IV Percentile	75.6%	52.4%	98.4%	88.1%	81.7%
Term Structure	-47.0%	-57.1%	-35.4%	-52.4%	-49.7%
VWIV	111.3%	85.1%	127.7%	85.1%	127.7%
Skew 25d	10.2%	-4.7%	15.6%	8.1%	0.5%
Skew 10d	44.6%	34.0%	50.9%	44.0%	34.0%
Call IV 25d	153.3%	121.5%	197.2%	190.7%	184.1%
Put IV 25d	163.5%	131.0%	198.7%	198.7%	184.7%
Bid-Ask Spread %	151.25	148.31	164.30	164.30	149.85
Gamma HHI	1.00	1.00	1.00	1.00	1.00
Net GEX	125	90	153	130	90
Net DEX	-6.5K	-7.4K	-4.9K	-6.9K	-5.0K
Net VEX	-13	-17	-7	-17	-7
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	5.2	2	6	6	2
Total OI	5.7	4	6	6	4

Daily Data (20 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
2016-02-01	$20.04	$0.00	140.4%	40.2%	37.9%	72.9%	0.0%	8.1%	-52.4%	130	-6.9K	-17	164.30	6	6
2016-02-02	$19.81	$0.00	145.2%	41.6%	38.1%	75.7%	0.0%	9.6%	-57.1%	130	-6.7K	-16	164.22	6	6
2016-02-03	$20.35	$0.00	147.5%	42.3%	39.3%	77.1%	0.0%	-4.7%	-56.5%	134	-7.2K	-16	164.14	6	6
2016-02-04	$20.48	$20.00	151.8%	25.7%	38.3%	79.5%	85.1%	9.5%	-35.4%	133	-7.3K	-16	149.65	6	6
2016-02-05	$20.33	$20.00	157.8%	26.1%	37.3%	83.0%	87.9%	9.7%	-37.0%	134	-7.2K	-16	149.42	6	6
2016-02-08	$19.78	$20.00	180.6%	28.6%	38.7%	96.2%	105.7%	9.7%	-50.5%	123	-6.7K	-15	148.90	6	6
2016-02-09	$19.47	$20.00	186.2%	28.8%	38.9%	99.5%	113.6%	8.2%	-42.0%	108	-6.5K	-15	148.46	6	6
2016-02-10	$19.36	$20.00	102.2%	29.3%	38.6%	50.8%	106.1%	10.9%	-43.8%	127	-6.2K	-15	148.94	6	6
2016-02-11	$18.82	$20.00	107.5%	30.8%	39.0%	53.9%	117.1%	9.7%	-49.6%	118	-5.8K	-14	148.91	6	6
2016-02-12	$19.19	$20.00	105.7%	30.3%	38.1%	52.8%	111.4%	11.5%	-47.3%	123	-6.1K	-14	148.31	6	6
2016-02-16	$19.55	$20.00	108.2%	31.0%	36.9%	54.3%	113.3%	12.3%	-54.6%	125	-6.5K	-14	148.90	6	6
2016-02-17	$20.11	$20.00	108.5%	31.1%	37.4%	54.5%	107.3%	11.9%	-52.3%	129	-7.0K	-14	148.95	6	6
2016-02-18	$20.39	$20.00	109.5%	31.4%	34.5%	55.0%	104.9%	10.8%	-51.7%	144	-7.2K	-13	149.30	6	6
2016-02-19	$20.14	$20.00	112.2%	32.2%	33.8%	56.6%	110.5%	12.7%	-55.3%	130	-7.0K	-13	148.75	6	6
2016-02-22	$20.57	$20.00	114.4%	32.8%	31.1%	57.9%	110.2%	13.6%	-35.4%	149	-7.4K	-13	148.80	6	6
2016-02-23	$20.25	$20.00	125.2%	35.9%	30.1%	64.1%	126.3%	14.6%	-44.1%	144	-7.1K	-12	148.65	6	6
2016-02-24	$20.42	$20.00	127.1%	36.4%	29.0%	65.2%	125.9%	14.3%	-44.8%	153	-7.2K	-12	148.39	2	6
2016-02-25	$20.50	$20.00	125.3%	35.9%	28.9%	64.2%	118.6%	14.6%	-37.6%	92	-4.9K	-8	148.85	2	4
2016-02-26	$20.51	$20.00	125.0%	35.8%	27.1%	64.0%	121.2%	15.6%	-43.2%	90	-4.9K	-8	149.31	2	4
2016-02-29	$20.69	$20.00	134.5%	38.6%	27.0%	69.5%	127.7%	0.5%	-49.7%	90	-5.0K	-7	149.85	2	4