EMLP Options History — March 2016

In March 2016, EMLP traded between $20.67 and $22.23. ATM implied volatility averaged 120.3%, placing in the 61.3% IV rank vs the trailing year. The 30-day expected move averaged 31.4%. IV traded above realized volatility by 99.2% (HV 20d: 21.0%). Max pain ranged from $20.00 to $22.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 0 of 22 days. Put/call ratio averaged 0.00.

Notable Days

  • 2016-03-16: Highest Volume — 3 contracts
  • 2016-03-08: Largest IV spike — 54.7% change
  • 2016-03-08: Highest IV Rank — 94.7%
  • 2016-03-02: Largest Expected Move — 40.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.51$20.67$22.23$20.67$21.88
Max Pain$21.67$20.00$22.00$20.00$22.00
ATM IV120.3%92.3%178.0%138.5%139.9%
Expected Move31.4%24.7%40.7%39.7%40.1%
HV 20d21.0%16.3%26.9%26.9%19.4%
HV 60d29.1%28.3%31.1%31.1%28.7%
IV Rank61.3%45.1%94.7%71.8%72.6%
IV Percentile64.5%34.9%97.2%83.7%83.7%
Term Structure-52.0%-80.7%-31.4%-52.9%-64.1%
VWIV123.2%100.3%141.6%131.7%141.6%
Skew 25d9.6%-1.2%13.5%0.6%1.4%
Skew 10d54.6%48.4%59.7%59.7%48.4%
Call IV 25d150.3%118.7%192.2%189.2%192.2%
Put IV 25d159.9%128.4%198.3%189.8%193.6%
Bid-Ask Spread %156.83149.01158.43149.65158.17
Gamma HHI1.000.991.001.001.00
Net GEX74232269126
Net DEX-4.7K-10.1K-1.1K-5.0K-1.2K
Net VEX-3-70-7-2
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume1.7731321
Total OI31541

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2016-03-01$20.67$20.00138.5%39.7%26.9%71.8%131.7%0.6%-52.9%91-5.0K-70.00149.652040
2016-03-02$20.94$20.00141.9%40.7%26.7%73.8%130.6%7.2%-54.4%95-5.2K-70.00149.012040
2016-03-03$21.20$0.00145.6%24.7%25.5%75.9%0.0%9.8%-31.4%97-5.4K-70.00156.992040
2016-03-04$21.29$0.00150.3%24.9%25.4%78.7%0.0%10.0%-31.8%99-5.4K-60.00157.472040
2016-03-07$21.60$0.00115.1%25.0%25.5%58.3%0.0%10.2%-68.1%103-5.7K-60.00157.612040
2016-03-08$21.26$0.00178.0%26.2%24.0%94.7%0.0%10.6%-35.3%99-5.4K-50.00157.492040
2016-03-09$21.41$0.0092.4%26.5%22.9%45.1%0.0%10.4%-35.6%109-5.5K-50.00157.492040
2016-03-10$21.29$0.0094.0%27.0%22.9%46.1%0.0%10.8%-37.1%100-5.4K-50.00157.342040
2016-03-11$21.52$0.0092.3%26.5%19.3%45.1%0.0%10.9%-73.3%108-5.6K-40.00157.452040
2016-03-14$21.46$0.0099.2%28.4%19.0%49.1%0.0%11.4%-40.6%222-8.1K-10.00157.072040
2016-03-15$21.32$0.00101.4%29.1%18.8%50.3%0.0%11.3%-42.9%226-8.1K-10.00157.552040
2016-03-16$21.86$0.0099.2%28.4%18.3%49.1%103.4%10.7%-78.5%23-8.7K00.00157.553040
2016-03-17$22.23$22.00100.0%28.7%18.5%49.5%100.3%10.9%-77.5%27-10.1K-20.00157.173050
2016-03-18$22.03$22.00102.4%29.4%18.2%50.9%105.0%11.5%-80.7%27-10.0K-20.00157.643050
2016-03-21$21.82$22.00108.8%31.2%17.7%54.7%113.9%12.3%-40.3%27-1.2K-20.00157.431010
2016-03-22$21.97$22.00110.9%31.8%16.3%55.9%114.3%12.3%-41.4%27-1.2K-20.00157.431010
2016-03-23$21.40$22.00116.9%33.5%19.4%59.3%121.2%13.2%-41.5%26-1.1K-20.00158.431010
2016-03-24$21.45$22.00119.3%34.2%19.4%60.8%123.2%13.2%-43.1%26-1.1K-20.00157.031010
2016-03-28$21.35$22.00132.3%37.9%19.6%68.3%137.8%10.9%-53.2%26-1.1K-20.00158.381010
2016-03-29$21.51$22.00132.3%37.9%19.5%68.3%139.1%13.5%-59.6%26-1.2K-20.00158.261010
2016-03-30$21.75$22.00135.8%38.9%19.8%70.3%139.3%-1.2%-61.3%26-1.2K-20.00157.591010
2016-03-31$21.88$22.00139.9%40.1%19.4%72.6%141.6%1.4%-64.1%26-1.2K-20.00158.171010