EMLP Options History — August 2016

In August 2016, EMLP traded between $24.45 and $25.37. ATM implied volatility averaged 107.4%, placing in the 50.9% IV rank vs the trailing year. The 30-day expected move averaged 27.7%. IV traded above realized volatility by 95.6% (HV 20d: 11.8%). Max pain ranged from $24.00 to $24.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 0 of 23 days. Put/call ratio averaged 0.00.

Notable Days

2016-08-01: Highest Volume — 43 contracts
2016-08-10: Largest IV drop — 47.9% change
2016-08-09: Highest IV Rank — 76.1%
2016-08-31: Largest Expected Move — 35.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.86	$24.45	$25.37	$24.45	$24.45
Max Pain	$24.00	$24.00	$24.00	$24.00	$24.00
ATM IV	107.4%	79.9%	153.4%	121.5%	124.7%
Expected Move	27.7%	21.3%	35.8%	34.8%	35.8%
HV 20d	11.8%	9.8%	13.1%	11.9%	9.8%
HV 60d	13.2%	12.5%	13.8%	13.8%	12.8%
IV Rank	50.9%	35.9%	76.1%	58.7%	60.4%
IV Percentile	45.9%	9.9%	89.3%	66.3%	69.8%
Term Structure	-45.6%	-104.0%	-32.0%	-104.0%	-50.6%
VWIV	39.3%	13.6%	124.1%	119.5%	118.9%
Skew 25d	24.3%	4.0%	37.4%	13.2%	37.4%
Skew 10d	66.6%	10.1%	80.0%	59.4%	78.8%
Call IV 25d	113.9%	86.8%	167.7%	152.1%	146.2%
Put IV 25d	138.2%	102.7%	183.6%	165.3%	183.6%
Bid-Ask Spread %	152.91	146.62	155.46	151.32	155.46
Gamma HHI	0.89	0.76	1.00	0.77	1.00
Net GEX	3.6K	63	20.5K	1.7K	63
Net DEX	-44.0K	-109.4K	-2.9K	-56.6K	-2.9K
Net VEX	-44	-98	-4	-98	-4
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	24.609	0	43	43	1
Total OI	29.391	2	44	44	2

Daily Data (23 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
2016-08-01	$24.45	$24.00	121.5%	34.8%	11.9%	58.7%	119.5%	13.2%	-104.0%	1.7K	-56.6K	-98	151.32	43	44
2016-08-02	$24.49	$24.00	120.9%	34.7%	11.9%	58.4%	123.6%	13.7%	-96.6%	1.4K	-58.1K	-95	151.84	43	44
2016-08-03	$24.72	$24.00	121.6%	34.9%	12.3%	58.7%	124.1%	13.7%	-49.7%	1.5K	-59.9K	-93	151.94	43	44
2016-08-04	$24.74	$24.00	125.5%	21.3%	11.6%	60.9%	16.3%	20.2%	-32.0%	1.5K	-60.1K	-90	154.27	43	44
2016-08-05	$24.69	$24.00	130.0%	21.5%	11.5%	63.4%	16.9%	20.1%	-33.0%	1.5K	-59.7K	-87	154.27	43	44
2016-08-08	$24.93	$24.00	146.1%	22.2%	12.0%	72.2%	15.1%	22.0%	-34.4%	1.5K	-61.6K	-78	153.32	43	44
2016-08-09	$24.88	$24.00	153.4%	22.6%	11.3%	76.1%	15.8%	22.1%	-35.4%	1.5K	-61.3K	-74	153.71	43	44
2016-08-10	$24.78	$24.00	79.9%	22.9%	11.3%	35.9%	17.1%	22.1%	-36.8%	1.6K	-59.7K	-71	153.95	43	44
2016-08-11	$24.97	$24.00	80.7%	23.1%	11.6%	36.3%	15.1%	23.2%	-36.9%	1.7K	-61.3K	-67	153.23	43	44
2016-08-12	$25.11	$24.00	81.6%	23.4%	11.8%	36.8%	13.6%	24.0%	-37.1%	1.8K	-62.3K	-64	152.94	43	44
2016-08-15	$25.10	$24.00	89.1%	25.5%	11.7%	40.9%	14.3%	28.7%	-47.9%	14.2K	-65.6K	-47	151.06	43	44
2016-08-16	$25.00	$24.00	86.9%	24.9%	11.8%	39.7%	16.0%	25.4%	-42.1%	17.1K	-59.8K	-42	153.34	43	44
2016-08-17	$25.02	$24.00	88.3%	25.3%	11.8%	40.5%	0.0%	26.2%	-43.2%	20.5K	-61.7K	-35	153.32	0	44
2016-08-18	$25.37	$24.00	89.1%	25.5%	12.6%	40.9%	0.0%	28.0%	-42.5%	15.4K	-90.4K	-19	146.62	0	44
2016-08-19	$25.13	$24.00	91.2%	26.1%	13.1%	42.1%	25.2%	4.0%	-45.3%	232	-109.4K	-4	147.51	43	44
2016-08-22	$25.02	$24.00	96.8%	27.7%	12.8%	45.1%	17.5%	29.3%	-32.8%	70	-3.1K	-5	153.22	1	2
2016-08-23	$25.11	$24.00	98.5%	28.2%	12.8%	46.1%	16.5%	30.4%	-33.8%	69	-3.1K	-5	153.22	1	2
2016-08-24	$24.91	$24.00	101.1%	29.0%	12.4%	47.5%	0.0%	29.9%	-36.3%	70	-3.0K	-5	154.03	0	2
2016-08-25	$24.85	$24.00	103.4%	29.7%	12.4%	48.8%	21.2%	30.3%	-38.3%	70	-3.0K	-5	153.99	1	2
2016-08-26	$24.68	$24.00	106.2%	30.4%	11.6%	50.3%	24.2%	30.1%	-41.0%	71	-2.9K	-5	154.75	1	2
2016-08-29	$24.73	$24.00	114.6%	32.8%	9.9%	54.9%	25.3%	33.1%	-47.5%	70	-3.0K	-4	154.26	1	2
2016-08-30	$24.54	$24.00	118.3%	33.9%	10.4%	56.9%	29.0%	31.9%	-51.5%	72	-2.9K	-4	155.35	1	2
2016-08-31	$24.45	$24.00	124.7%	35.8%	9.8%	60.4%	118.9%	37.4%	-50.6%	63	-2.9K	-4	155.46	1	2