EMLP Options History — July 2016

In July 2016, EMLP traded between $24.41 and $25.09. ATM implied volatility averaged 103.5%, placing in the 48.8% IV rank vs the trailing year. The 30-day expected move averaged 24.3%. IV traded above realized volatility by 88.9% (HV 20d: 14.5%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 0.00.

Notable Days

2016-07-29: Highest Volume — 43 contracts
2016-07-26: Largest IV spike — 94.9% change
2016-07-08: Highest IV Rank — 91.1%
2016-07-01: Largest Expected Move — 36.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.78	$24.41	$25.09	$24.67	$24.86
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	103.5%	49.9%	180.6%	127.4%	103.7%
Expected Move	24.3%	14.3%	36.5%	36.5%	29.7%
HV 20d	14.5%	9.9%	16.7%	16.6%	10.3%
HV 60d	13.8%	12.9%	15.0%	15.0%	13.3%
IV Rank	48.8%	19.4%	91.1%	61.9%	48.9%
IV Percentile	36.9%	0.4%	96.0%	72.6%	46.0%
Term Structure	-27.9%	-79.7%	60.1%	-61.3%	-36.4%
VWIV	84.7%	6.4%	107.0%	88.5%	96.3%
Skew 25d	9.4%	6.8%	13.2%	13.2%	11.7%
Skew 10d	38.9%	32.0%	47.2%	32.0%	39.6%
Call IV 25d	119.0%	98.3%	175.2%	175.2%	137.8%
Put IV 25d	128.3%	105.1%	188.4%	188.4%	149.5%
Bid-Ask Spread %	151.88	148.05	154.16	154.16	148.05
Gamma HHI	0.97	0.89	1.00	1.00	0.91
Net GEX	501	76	1.9K	77	1.6K
Net DEX	-18.2K	-56.2K	-2.8K	-2.9K	-54.1K
Net VEX	-36	-111	-8	-9	-97
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	14.5	1	43	1	43
Total OI	13.4	2	40	2	40

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
2016-07-01	$24.67	$0.00	127.4%	36.5%	16.6%	61.9%	0.0%	13.2%	-61.3%	77	-2.9K	-9	154.16	1	2
2016-07-05	$24.58	$0.00	151.0%	20.4%	16.1%	74.8%	0.0%	6.8%	-16.0%	78	-2.9K	-9	152.19	1	2
2016-07-06	$24.67	$0.00	158.9%	20.6%	16.1%	79.2%	0.0%	7.2%	-16.2%	77	-2.9K	-8	151.87	1	2
2016-07-07	$24.41	$0.00	173.0%	21.4%	16.6%	86.9%	0.0%	8.0%	-56.4%	77	-2.8K	-8	151.79	1	2
2016-07-08	$24.54	$0.00	180.6%	21.1%	16.7%	91.1%	0.0%	7.5%	-17.4%	77	-2.9K	-8	152.11	1	2
2016-07-11	$24.57	$0.00	76.5%	21.9%	15.5%	34.0%	0.0%	8.0%	-18.9%	77	-2.9K	-8	151.95	1	2
2016-07-12	$24.87	$0.00	77.1%	22.1%	15.8%	34.3%	0.0%	7.9%	-65.6%	88	-3.0K	-8	151.67	1	2
2016-07-13	$24.89	$0.00	78.1%	22.4%	15.6%	34.9%	0.0%	8.2%	-19.4%	77	-3.0K	-8	151.95	1	2
2016-07-14	$24.95	$0.00	79.1%	22.7%	15.6%	35.4%	0.0%	7.9%	-19.9%	77	-3.0K	-8	151.88	1	2
2016-07-15	$24.95	$0.00	80.2%	23.0%	15.6%	36.0%	0.0%	8.4%	-20.5%	76	-3.0K	-8	151.90	1	2
2016-07-18	$25.08	$0.00	83.7%	24.0%	15.6%	37.9%	0.0%	8.9%	-22.4%	76	-3.1K	-8	151.94	1	2
2016-07-19	$25.09	$0.00	85.0%	24.4%	15.6%	38.6%	0.0%	9.3%	-23.2%	76	-3.1K	-8	151.83	1	2
2016-07-20	$25.06	$0.00	86.5%	24.8%	15.1%	39.5%	0.0%	9.2%	-24.1%	76	-3.1K	-8	151.93	1	2
2016-07-21	$24.95	$0.00	88.1%	25.3%	14.1%	40.4%	88.5%	10.0%	-25.4%	76	-3.0K	-8	152.23	39	2
2016-07-22	$25.02	$25.00	89.6%	25.7%	13.7%	41.2%	89.3%	10.3%	-26.2%	1.4K	-56.2K	-111	152.20	39	40
2016-07-25	$24.81	$25.00	49.9%	14.3%	12.8%	19.4%	6.4%	11.0%	60.1%	1.9K	-52.8K	-106	151.91	39	40
2016-07-26	$24.75	$25.00	97.2%	27.9%	11.5%	45.3%	99.7%	11.4%	-32.0%	1.4K	-54.1K	-103	151.32	39	40
2016-07-27	$24.45	$25.00	101.9%	29.2%	11.3%	47.9%	105.5%	11.4%	-79.7%	1.4K	-51.8K	-100	152.02	39	40
2016-07-28	$24.52	$25.00	101.9%	29.2%	9.9%	47.9%	107.0%	11.7%	-36.0%	1.4K	-52.3K	-98	152.60	39	40
2016-07-29	$24.86	$25.00	103.7%	29.7%	10.3%	48.9%	96.3%	11.7%	-36.4%	1.6K	-54.1K	-97	148.05	43	40