EMLP Options History — November 2016

In November 2016, EMLP traded between $23.76 and $24.67. ATM implied volatility averaged 109.5%, placing in the 43.1% IV rank vs the trailing year. The 30-day expected move averaged 27.9%. IV traded above realized volatility by 97.1% (HV 20d: 12.4%). Max pain ranged from $22.00 to $22.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 7.86.

Notable Days

2016-11-08: Highest Volume — 10 contracts
2016-11-09: Largest IV drop — 47.9% change
2016-11-08: Highest IV Rank — 74.8%
2016-11-02: Largest Expected Move — 36.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.25	$23.76	$24.67	$24.46	$24.61
Max Pain	$22.00	$22.00	$22.00	$22.00	$22.00
ATM IV	109.5%	82.3%	158.2%	121.0%	121.8%
Expected Move	27.9%	22.1%	36.1%	34.7%	34.9%
HV 20d	12.4%	9.9%	14.5%	9.9%	14.0%
HV 60d	14.7%	14.0%	15.2%	14.0%	14.6%
IV Rank	43.1%	25.5%	74.8%	50.6%	51.1%
IV Percentile	49.6%	11.9%	92.5%	67.1%	69.0%
Term Structure	-41.2%	-54.1%	-32.0%	-44.4%	-54.1%
VWIV	115.6%	76.9%	158.7%	93.6%	158.7%
Skew 25d	2.1%	-16.5%	3.9%	3.7%	3.7%
Skew 10d	27.6%	24.2%	32.8%	24.2%	25.6%
Call IV 25d	132.8%	105.5%	171.3%	163.5%	167.6%
Put IV 25d	134.9%	107.9%	175.2%	167.3%	171.3%
Bid-Ask Spread %	151.60	150.55	151.99	150.55	151.99
Gamma HHI	0.85	0.50	1.00	1.00	1.00
Net GEX	-282	-554	-230	-231	-236
Net DEX	5.5K	4.8K	7.5K	5.0K	4.9K
Net VEX	-18	-22	-12	-20	-12
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	7.86	7.00	9.00	7.00	7.00
Total Volume	8.857	8	10	8	8
Total OI	7.762	7	9	7	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	Put OI
2016-11-01	$24.46	$0.00	121.0%	34.7%	9.9%	50.6%	0.0%	3.7%	-44.4%	-231	5.0K	-20	7.00	150.55	1	7	7
2016-11-02	$24.07	$0.00	125.9%	36.1%	11.2%	53.8%	0.0%	3.9%	-49.7%	-230	5.3K	-21	7.00	150.63	1	7	7
2016-11-03	$23.99	$22.00	130.3%	22.1%	11.2%	56.7%	93.6%	2.4%	-32.4%	-230	5.4K	-21	7.00	151.60	1	7	7
2016-11-04	$23.90	$22.00	135.1%	22.4%	11.2%	59.8%	94.0%	2.4%	-33.5%	-230	5.5K	-20	7.00	151.56	1	7	7
2016-11-07	$24.14	$22.00	151.6%	23.1%	10.8%	70.5%	99.2%	2.3%	-34.9%	-232	5.3K	-20	7.00	151.68	1	7	7
2016-11-08	$24.34	$22.00	158.2%	23.3%	10.4%	74.8%	101.6%	2.4%	-34.8%	-233	5.1K	-19	9.00	151.78	1	9	7
2016-11-09	$24.30	$22.00	82.3%	23.6%	10.2%	25.5%	102.6%	2.5%	-35.8%	-322	6.9K	-22	9.00	151.86	1	9	9
2016-11-10	$24.06	$22.00	84.0%	24.1%	10.6%	26.5%	102.8%	2.6%	-38.0%	-311	7.2K	-22	9.00	151.71	1	9	9
2016-11-11	$23.76	$22.00	85.7%	24.6%	11.2%	27.6%	102.3%	2.8%	-40.5%	-308	7.5K	-22	9.00	151.60	1	9	9
2016-11-14	$23.82	$22.00	89.5%	25.7%	11.4%	30.1%	107.2%	2.9%	-43.6%	-554	6.3K	-19	9.00	151.43	1	9	9
2016-11-15	$24.24	$22.00	90.1%	25.8%	12.8%	30.5%	111.7%	2.8%	-42.5%	-341	5.3K	-18	9.00	151.91	1	9	9
2016-11-16	$24.05	$22.00	92.0%	26.4%	12.6%	31.8%	112.3%	2.9%	-44.9%	-448	5.7K	-18	9.00	151.84	1	9	9
2016-11-17	$24.02	$22.00	93.7%	26.9%	12.6%	32.8%	114.1%	3.0%	-46.5%	-369	5.5K	-17	9.00	151.84	1	9	9
2016-11-18	$24.12	$22.00	95.1%	27.3%	12.8%	33.8%	116.7%	3.0%	-47.3%	-232	5.3K	-17	9.00	151.71	1	9	9
2016-11-21	$24.49	$22.00	99.7%	28.6%	14.2%	36.8%	76.9%	-16.5%	-32.0%	-236	5.0K	-15	7.00	151.67	1	7	7
2016-11-22	$24.67	$22.00	99.3%	28.5%	14.5%	36.5%	130.2%	3.1%	-35.8%	-234	4.8K	-15	7.00	151.72	1	7	7
2016-11-23	$24.58	$22.00	101.6%	29.1%	14.5%	38.0%	132.3%	3.2%	-37.8%	-234	4.9K	-15	7.00	151.63	1	7	7
2016-11-25	$24.58	$22.00	106.2%	30.5%	14.5%	41.0%	138.3%	3.4%	-41.4%	-234	4.9K	-14	7.00	151.67	1	7	7
2016-11-28	$24.60	$22.00	114.8%	32.9%	14.4%	46.6%	149.6%	3.5%	-48.3%	-235	4.9K	-13	7.00	151.63	1	7	7
2016-11-29	$24.46	$22.00	121.0%	34.7%	14.5%	50.6%	152.9%	3.6%	-47.6%	-235	5.0K	-13	7.00	151.67	1	7	7
2016-11-30	$24.61	$22.00	121.8%	34.9%	14.0%	51.1%	158.7%	3.7%	-54.1%	-236	4.9K	-12	7.00	151.99	1	7	7