EMLP Options History — May 2017

In May 2017, EMLP traded between $24.67 and $25.32. ATM implied volatility averaged 99.1%, placing in the 39.9% IV rank vs the trailing year. The 30-day expected move averaged 25.2%. IV traded above realized volatility by 87.6% (HV 20d: 11.5%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 0 of 22 days. Put/call ratio averaged 2.00.

Notable Days

2017-05-22: Highest Volume — 3 contracts
2017-05-17: Largest IV spike — 50.2% change
2017-05-09: Highest IV Rank — 78.8%
2017-05-03: Largest Expected Move — 34.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$25.02	$24.67	$25.32	$25.31	$24.94
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	99.1%	59.1%	153.6%	113.2%	70.1%
Expected Move	25.2%	16.9%	34.6%	32.5%	20.1%
HV 20d	11.5%	6.9%	13.1%	7.2%	13.1%
HV 60d	10.1%	8.4%	10.9%	8.6%	10.9%
IV Rank	39.9%	11.3%	78.8%	50.0%	19.2%
IV Percentile	42.7%	1.2%	94.4%	67.9%	2.8%
Term Structure	-37.4%	-48.9%	-29.5%	-41.1%	-47.2%
VWIV	75.2%	14.8%	114.2%	71.9%	16.1%
Skew 25d	-9.4%	-82.0%	7.0%	-82.0%	7.0%
Skew 10d	23.1%	19.2%	31.1%	22.1%	20.4%
Call IV 25d	125.9%	100.9%	154.6%	142.7%	146.2%
Put IV 25d	116.5%	47.8%	161.2%	60.7%	153.1%
Bid-Ask Spread %	150.47	146.41	153.56	146.65	146.41
Gamma HHI	1.00	1.00	1.00	1.00	1.00
Net GEX	-74	-102	-36	-86	-102
Net DEX	1.9K	707	2.3K	2.2K	1.0K
Net VEX	-7	-11	-5	-7	-9
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.00	2.00	2.00	2.00	2.00
Total Volume	2.318	2	3	2	3
Total OI	2.273	2	3	2	3

Daily Data (22 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
2017-05-01	$25.31	$0.00	113.2%	32.5%	7.2%	50.0%	0.0%	-82.0%	-41.1%	-86	2.2K	-7	0.00	146.65	0	2	0	2
2017-05-02	$25.21	$0.00	116.8%	33.5%	7.1%	52.5%	0.0%	-71.8%	-44.1%	-85	2.2K	-7	0.00	146.58	0	2	0	2
2017-05-03	$25.15	$0.00	120.5%	34.6%	6.9%	55.2%	0.0%	6.6%	-47.2%	-89	2.2K	-7	0.00	147.65	0	2	0	2
2017-05-04	$24.67	$25.00	125.6%	21.3%	9.6%	58.9%	71.9%	4.1%	-30.8%	-78	2.3K	-7	0.00	150.69	0	2	0	2
2017-05-05	$25.07	$25.00	129.9%	21.4%	11.1%	61.9%	75.3%	4.0%	-29.5%	-79	2.2K	-7	0.00	150.55	0	2	0	2
2017-05-08	$25.10	$25.00	145.5%	22.5%	11.1%	73.1%	80.7%	3.8%	-30.2%	-75	2.2K	-6	0.00	150.68	0	2	0	2
2017-05-09	$24.77	$25.00	153.6%	22.9%	11.8%	78.8%	77.1%	3.9%	-35.4%	-74	2.3K	-6	0.00	150.51	0	2	0	2
2017-05-10	$24.95	$25.00	79.7%	22.8%	12.2%	26.0%	79.4%	4.2%	-30.5%	-79	2.3K	-6	0.00	150.35	0	2	0	2
2017-05-11	$24.76	$25.00	81.0%	23.2%	12.3%	27.0%	79.2%	4.3%	-34.0%	-77	2.3K	-6	0.00	150.59	0	2	0	2
2017-05-12	$24.87	$25.00	82.0%	23.5%	12.3%	27.7%	81.1%	4.3%	-34.7%	-78	2.3K	-6	0.00	150.59	0	2	0	2
2017-05-15	$25.02	$25.00	85.5%	24.5%	12.4%	30.2%	85.9%	4.2%	-36.6%	-80	2.2K	-6	0.00	151.47	0	2	0	2
2017-05-16	$24.91	$25.00	59.1%	16.9%	12.5%	11.3%	30.4%	-63.9%	-38.3%	-99	2.3K	-6	0.00	151.53	0	2	0	2
2017-05-17	$24.77	$25.00	88.7%	25.4%	12.2%	32.5%	86.8%	4.3%	-41.0%	-77	2.3K	-6	0.00	150.75	0	2	0	2
2017-05-18	$24.75	$25.00	90.3%	25.9%	12.2%	33.6%	88.1%	4.3%	-42.6%	-77	2.3K	-6	0.00	150.60	0	2	0	2
2017-05-19	$25.00	$25.00	91.5%	26.2%	12.7%	34.5%	91.6%	4.2%	-40.2%	-78	2.2K	-5	0.00	150.44	0	2	0	2
2017-05-22	$25.23	$25.00	97.7%	28.0%	12.9%	38.9%	99.3%	4.4%	-34.0%	-77	2.3K	-5	2.00	151.98	1	2	0	2
2017-05-23	$25.28	$25.00	103.2%	29.6%	12.9%	42.8%	114.2%	3.4%	-30.0%	-36	707	-11	2.00	153.56	1	2	1	2
2017-05-24	$25.32	$25.00	104.0%	29.8%	12.9%	43.4%	112.4%	3.8%	-29.6%	-37	717	-10	2.00	153.52	1	2	1	2
2017-05-25	$25.23	$25.00	102.6%	29.4%	12.9%	42.4%	105.1%	5.0%	-35.6%	-46	827	-10	2.00	151.97	1	2	1	2
2017-05-26	$25.13	$25.00	73.7%	21.1%	13.0%	21.8%	40.0%	4.9%	-41.4%	-43	927	-10	2.00	150.85	1	2	1	2
2017-05-30	$24.97	$25.00	66.2%	19.0%	13.1%	16.4%	14.8%	-69.1%	-48.9%	-79	1.1K	-10	2.00	152.43	1	2	1	2
2017-05-31	$24.94	$25.00	70.1%	20.1%	13.1%	19.2%	16.1%	7.0%	-47.2%	-102	1.0K	-9	2.00	146.41	1	2	1	2