EMLP Options History — December 2016

In December 2016, EMLP traded between $24.28 and $25.35. ATM implied volatility averaged 111.0%, placing in the 44.1% IV rank vs the trailing year. The 30-day expected move averaged 25.3%. IV traded above realized volatility by 98.3% (HV 20d: 12.7%). 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 7.00.

Notable Days

2016-12-01: Highest Volume — 8 contracts
2016-12-12: Largest IV drop — 57.6% change
2016-12-09: Highest IV Rank — 91.1%
2016-12-02: Largest Expected Move — 38.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.95	$24.28	$25.35	$24.28	$25.19
Max Pain	$22.00	$22.00	$22.00	$22.00	$22.00
ATM IV	111.0%	77.7%	183.3%	129.4%	105.1%
Expected Move	25.3%	14.9%	38.3%	37.1%	30.1%
HV 20d	12.7%	11.4%	13.6%	13.6%	11.4%
HV 60d	12.8%	12.1%	14.8%	14.8%	12.1%
IV Rank	44.1%	22.5%	91.1%	56.1%	40.3%
IV Percentile	45.9%	4.0%	98.0%	78.2%	54.4%
Term Structure	-30.8%	-58.1%	-23.2%	-55.0%	-35.6%
VWIV	164.2%	161.0%	167.3%	161.0%	167.3%
Skew 25d	-23.6%	-46.0%	4.0%	3.8%	-42.1%
Skew 10d	16.5%	13.8%	18.9%	13.8%	18.6%
Call IV 25d	119.3%	95.7%	181.0%	175.6%	139.5%
Put IV 25d	95.7%	61.7%	185.0%	179.4%	97.4%
Bid-Ask Spread %	151.71	151.39	152.25	151.69	152.25
Gamma HHI	1.00	1.00	1.00	1.00	1.00
Net GEX	-80	-237	0	-236	0
Net DEX	1.6K	0	5.1K	5.1K	0
Net VEX	-3	-12	0	-12	0
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	7.00	7.00	7.00	7.00	7.00
Total Volume	4.571	0	8	8	0
Total OI	4	0	7	7	0

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
2016-12-01	$24.28	$22.00	129.4%	37.1%	13.6%	56.1%	161.0%	3.8%	-55.0%	-236	5.1K	-12	7.00	151.69	1	7	7
2016-12-02	$24.37	$22.00	133.6%	38.3%	13.6%	58.8%	167.3%	4.0%	-58.1%	-236	5.1K	-11	7.00	151.61	1	7	7
2016-12-05	$24.51	$0.00	147.1%	20.6%	13.6%	67.6%	0.0%	3.3%	-25.4%	-237	4.9K	-10	7.00	151.39	1	7	7
2016-12-06	$24.47	$0.00	157.6%	14.9%	13.2%	74.5%	0.0%	3.3%	-24.2%	-237	5.0K	-10	7.00	151.39	1	7	7
2016-12-07	$24.74	$0.00	162.0%	21.0%	13.4%	77.3%	0.0%	3.4%	-25.9%	-234	4.8K	-9	7.00	151.39	1	7	7
2016-12-08	$24.86	$0.00	171.4%	21.2%	13.5%	83.5%	0.0%	3.1%	-26.2%	-234	4.7K	-9	7.00	151.40	1	7	7
2016-12-09	$24.87	$0.00	183.3%	21.5%	12.8%	91.1%	0.0%	3.1%	-26.8%	-236	4.6K	-8	7.00	151.49	1	7	7
2016-12-12	$24.94	$0.00	77.7%	22.3%	11.7%	22.5%	0.0%	-30.4%	-28.8%	-33	49	0	7.00	151.49	1	7	7
2016-12-13	$25.22	$0.00	78.4%	22.5%	12.1%	22.9%	0.0%	-42.9%	-28.6%	-4	4	0	7.00	151.57	1	7	7
2016-12-14	$24.76	$0.00	80.1%	23.0%	13.0%	24.0%	0.0%	-24.8%	-31.0%	-2	2	0	7.00	151.53	1	7	7
2016-12-15	$24.83	$0.00	81.1%	23.3%	12.6%	24.7%	0.0%	-28.2%	-31.6%	0	0	0	7.00	151.39	1	7	7
2016-12-16	$25.17	$0.00	81.8%	23.5%	13.2%	25.1%	0.0%	-42.8%	-31.3%	0	0	0	7.00	151.48	1	7	7
2016-12-19	$25.19	$0.00	85.6%	24.5%	13.2%	27.6%	0.0%	-46.0%	-23.2%	0	0	0	0.00	151.57	0	0	0
2016-12-20	$25.23	$0.00	86.5%	24.8%	12.3%	28.1%	0.0%	-34.5%	-23.2%	0	0	0	0.00	151.57	0	0	0
2016-12-21	$25.10	$0.00	88.2%	25.3%	12.3%	29.3%	0.0%	-40.6%	-24.5%	0	0	0	0.00	152.08	0	0	0
2016-12-22	$25.20	$0.00	89.5%	25.6%	12.2%	30.1%	0.0%	-36.2%	-25.1%	0	0	0	0.00	152.25	0	0	0
2016-12-23	$25.26	$0.00	90.9%	26.1%	12.2%	31.0%	0.0%	-34.4%	-26.0%	0	0	0	0.00	152.16	0	0	0
2016-12-27	$25.35	$0.00	98.0%	28.1%	12.2%	35.6%	0.0%	-32.6%	-30.3%	0	0	0	0.00	151.94	0	0	0
2016-12-28	$25.10	$0.00	100.7%	28.9%	12.6%	37.4%	0.0%	-45.0%	-32.8%	0	0	0	0.00	152.08	0	0	0
2016-12-29	$25.22	$0.00	102.6%	29.4%	12.6%	38.7%	0.0%	-39.8%	-33.8%	0	0	0	0.00	152.25	0	0	0
2016-12-30	$25.19	$0.00	105.1%	30.1%	11.4%	40.3%	0.0%	-42.1%	-35.6%	0	0	0	0.00	152.25	0	0	0