EMLP Options History — April 2016

In April 2016, EMLP traded between $21.07 and $22.96. ATM implied volatility averaged 114.8%, placing in the 56.0% IV rank vs the trailing year. The 30-day expected move averaged 26.0%. IV traded above realized volatility by 95.5% (HV 20d: 19.3%). Max pain ranged from $22.00 to $22.00. Net GEX was positive for 12 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2016-04-27: Highest Volume — 3 contracts
2016-04-11: Largest IV drop — 55.7% change
2016-04-06: Highest IV Rank — 100.0%
2016-04-01: Largest Expected Move — 41.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$22.10	$21.07	$22.96	$21.52	$22.90
Max Pain	$22.00	$22.00	$22.00	$22.00	$22.00
ATM IV	114.8%	65.8%	196.9%	145.8%	68.9%
Expected Move	26.0%	18.9%	41.8%	41.8%	19.8%
HV 20d	19.3%	17.3%	21.3%	20.1%	17.3%
HV 60d	25.0%	20.9%	29.0%	29.0%	20.9%
IV Rank	56.0%	28.1%	100.0%	76.1%	29.8%
IV Percentile	48.3%	7.5%	100.0%	87.7%	9.1%
Term Structure	-15.8%	-71.3%	48.5%	-71.3%	48.5%
VWIV	153.1%	153.1%	153.1%	153.1%	153.1%
Skew 25d	10.3%	8.3%	13.0%	8.3%	13.0%
Skew 10d	43.6%	35.5%	48.5%	42.3%	36.8%
Call IV 25d	127.5%	108.1%	147.0%	108.1%	147.0%
Put IV 25d	137.8%	116.3%	160.0%	116.3%	160.0%
Bid-Ask Spread %	153.66	152.05	158.56	158.56	153.59
Gamma HHI	1.00	1.00	1.00	1.00	1.00
Net GEX	115	0	657	26	95
Net DEX	-774	-3.3K	0	-1.2K	-3.3K
Net VEX	-2	-17	0	-2	-17
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	0.952	0	3	1	3
Total OI	0.81	0	3	1	3

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	Spread %	Call Vol	Call OI
2016-04-01	$21.52	$22.00	145.8%	41.8%	20.1%	76.1%	153.1%	8.3%	-71.3%	26	-1.2K	-2	158.56	1	1
2016-04-04	$21.37	$0.00	169.2%	23.7%	20.2%	89.6%	0.0%	8.8%	-16.8%	26	-1.1K	-1	153.69	1	1
2016-04-05	$21.07	$0.00	178.9%	24.2%	20.1%	95.3%	0.0%	9.1%	-18.0%	25	-1.1K	-1	153.16	1	1
2016-04-06	$21.34	$0.00	187.2%	24.3%	19.9%	100.0%	0.0%	9.0%	-17.8%	26	-1.1K	-1	153.62	1	1
2016-04-07	$21.29	$0.00	192.7%	24.6%	19.8%	100.0%	0.0%	9.4%	-18.4%	160	-375	-1	153.87	1	1
2016-04-08	$21.58	$0.00	196.9%	24.1%	20.3%	100.0%	0.0%	9.3%	-19.8%	219	-628	-1	153.60	1	1
2016-04-11	$21.62	$0.00	87.2%	25.0%	19.9%	39.9%	0.0%	9.6%	-21.5%	286	-500	-1	153.62	1	1
2016-04-12	$22.10	$0.00	87.4%	25.1%	21.3%	40.0%	0.0%	9.8%	-20.9%	357	-1.3K	-1	152.05	1	1
2016-04-13	$22.07	$0.00	88.7%	25.4%	21.1%	40.7%	0.0%	9.8%	-21.6%	442	-1.3K	-1	153.33	1	1
2016-04-14	$22.01	$0.00	90.1%	25.8%	19.3%	41.4%	0.0%	9.9%	-22.5%	657	-1.1K	0	152.43	1	1
2016-04-15	$21.88	$0.00	91.6%	26.3%	18.4%	42.3%	0.0%	10.1%	-23.6%	0	0	0	153.69	1	1
2016-04-18	$22.24	$0.00	94.9%	27.2%	19.1%	44.1%	0.0%	10.0%	-25.0%	0	0	0	153.34	0	0
2016-04-19	$22.72	$0.00	93.2%	26.7%	20.0%	43.2%	0.0%	10.0%	-26.4%	0	0	0	153.41	0	0
2016-04-20	$22.61	$0.00	95.0%	27.2%	20.1%	44.1%	0.0%	10.3%	-27.8%	0	0	0	153.48	0	0
2016-04-21	$22.42	$0.00	99.2%	28.4%	17.7%	46.5%	0.0%	10.0%	-27.2%	0	0	0	153.63	0	0
2016-04-22	$22.61	$0.00	98.3%	28.2%	17.8%	46.0%	0.0%	10.8%	-30.0%	0	0	0	153.58	0	0
2016-04-25	$22.46	$0.00	106.8%	30.6%	17.9%	50.6%	0.0%	12.0%	-31.8%	0	0	0	153.69	0	0
2016-04-26	$22.60	$0.00	106.2%	30.4%	17.9%	50.3%	0.0%	11.8%	-35.5%	0	0	0	153.66	0	0
2016-04-27	$22.96	$0.00	65.8%	18.9%	18.3%	28.1%	0.0%	11.8%	48.3%	0	0	0	153.45	3	0
2016-04-28	$22.78	$0.00	67.5%	19.3%	18.6%	29.0%	0.0%	12.8%	48.1%	95	-3.3K	-17	153.44	3	3
2016-04-29	$22.90	$0.00	68.9%	19.8%	17.3%	29.8%	0.0%	13.0%	48.5%	95	-3.3K	-17	153.59	3	3