EMLP Options History — October 2016

In October 2016, EMLP traded between $24.66 and $25.18. ATM implied volatility averaged 105.4%, placing in the 42.8% IV rank vs the trailing year. The 30-day expected move averaged 26.8%. IV traded above realized volatility by 91.4% (HV 20d: 14.0%). Max pain ranged from $21.00 to $21.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 5.07.

Notable Days

2016-10-03: Highest Volume — 53 contracts
2016-10-12: Largest IV drop — 48.1% change
2016-10-11: Highest IV Rank — 76.4%
2016-10-05: Largest Expected Move — 34.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.89	$24.66	$25.18	$25.16	$24.77
Max Pain	$21.00	$21.00	$21.00	$21.00	$21.00
ATM IV	105.4%	79.9%	153.9%	113.6%	114.5%
Expected Move	26.8%	21.3%	34.8%	32.6%	32.8%
HV 20d	14.0%	10.8%	19.1%	19.0%	10.8%
HV 60d	14.4%	13.9%	14.9%	14.1%	13.9%
IV Rank	42.8%	23.9%	76.4%	54.4%	46.4%
IV Percentile	44.4%	7.9%	91.7%	59.9%	60.7%
Term Structure	-29.0%	-49.1%	-16.9%	-41.9%	-43.9%
VWIV	99.7%	98.3%	101.8%	98.3%	101.8%
Skew 25d	-1.0%	-40.6%	3.5%	3.2%	3.5%
Skew 10d	17.5%	7.4%	21.9%	7.4%	16.8%
Call IV 25d	128.0%	102.0%	166.0%	154.5%	156.8%
Put IV 25d	126.9%	104.3%	160.3%	157.7%	160.3%
Bid-Ask Spread %	150.77	150.53	150.99	150.87	150.99
Gamma HHI	0.65	0.26	1.00	0.27	1.00
Net GEX	-778	-1.4K	-226	-1.3K	-230
Net DEX	-1.5K	-20.7K	6.6K	2.0K	4.8K
Net VEX	-57	-112	-21	-106	-21
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	5.07	4.30	7.00	4.30	7.00
Total Volume	40.143	8	53	53	8
Total OI	63.429	7	86	86	7

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	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2016-10-03	$25.16	$21.00	113.6%	32.6%	19.0%	54.4%	98.3%	3.2%	-41.9%	-1.3K	2.0K	-106	4.30	150.87	10	43	10	76
2016-10-04	$24.73	$21.00	117.9%	33.8%	19.1%	56.7%	98.9%	-40.6%	-46.7%	-1.4K	5.4K	-112	4.30	150.70	10	43	10	76
2016-10-05	$24.81	$21.00	121.4%	34.8%	19.0%	58.6%	101.8%	-33.1%	-49.1%	-1.4K	5.0K	-109	4.30	150.87	10	43	10	76
2016-10-06	$24.74	$0.00	125.5%	21.3%	18.4%	60.9%	0.0%	2.3%	-16.9%	-1.4K	5.5K	-106	4.30	150.70	10	43	10	76
2016-10-07	$24.68	$0.00	130.0%	21.5%	15.5%	63.4%	0.0%	2.4%	-17.5%	-1.4K	6.1K	-104	4.30	150.93	10	43	10	76
2016-10-10	$25.00	$0.00	145.9%	22.2%	15.9%	72.0%	0.0%	2.3%	-18.4%	-1.4K	3.4K	-89	4.30	150.87	10	43	10	76
2016-10-11	$24.66	$0.00	153.9%	22.6%	13.7%	76.4%	0.0%	2.5%	-19.7%	-1.4K	6.6K	-92	4.30	150.57	10	43	10	76
2016-10-12	$24.78	$0.00	79.9%	22.9%	13.8%	23.9%	0.0%	2.5%	-20.1%	-1.4K	5.8K	-88	4.30	150.53	10	43	10	76
2016-10-13	$24.84	$0.00	80.9%	23.2%	13.7%	24.5%	0.0%	2.5%	-20.6%	-1.4K	5.3K	-82	4.30	150.55	10	43	10	76
2016-10-14	$24.82	$0.00	82.1%	23.5%	13.6%	25.3%	0.0%	2.6%	-21.3%	-1.4K	-1.9K	-67	4.30	150.87	10	43	10	76
2016-10-17	$24.81	$0.00	85.8%	24.6%	12.9%	27.7%	0.0%	2.7%	-23.6%	-228	-20.1K	-24	4.30	150.87	10	43	10	76
2016-10-18	$25.02	$0.00	86.9%	24.9%	13.2%	28.4%	0.0%	2.6%	-23.9%	-227	-20.4K	-22	4.30	150.87	10	43	10	76
2016-10-19	$25.18	$0.00	88.0%	25.2%	13.0%	29.1%	0.0%	2.5%	-24.3%	-226	-20.7K	-22	4.30	150.57	10	43	10	76
2016-10-20	$25.08	$0.00	89.7%	25.7%	12.4%	30.3%	0.0%	2.6%	-25.5%	-227	-20.5K	-22	4.30	150.67	10	43	10	76
2016-10-21	$25.02	$0.00	91.4%	26.2%	12.1%	31.4%	0.0%	2.7%	-26.7%	-236	-20.6K	-22	4.30	150.96	10	43	10	76
2016-10-24	$24.98	$0.00	96.8%	27.8%	12.1%	34.9%	0.0%	2.8%	-30.4%	-228	4.6K	-21	7.00	150.63	1	7	0	7
2016-10-25	$24.91	$0.00	98.9%	28.4%	12.0%	36.3%	0.0%	2.9%	-32.0%	-229	4.7K	-22	7.00	150.84	1	7	0	7
2016-10-26	$24.94	$0.00	101.0%	29.0%	11.1%	37.6%	0.0%	3.0%	-33.4%	-229	4.6K	-21	7.00	150.84	1	7	0	7
2016-10-27	$24.90	$0.00	103.4%	29.6%	11.0%	39.1%	0.0%	3.1%	-35.2%	-229	4.7K	-22	7.00	150.84	1	7	0	7
2016-10-28	$24.76	$0.00	106.0%	30.4%	11.1%	40.9%	0.0%	3.2%	-37.6%	-230	4.8K	-21	7.00	150.70	1	7	0	7
2016-10-31	$24.77	$0.00	114.5%	32.8%	10.8%	46.4%	0.0%	3.5%	-43.9%	-230	4.8K	-21	7.00	150.99	1	7	0	7