EMLP Options History — November 2017

In November 2017, EMLP traded between $24.14 and $24.80. ATM implied volatility averaged 94.5%, placing in the 50.5% IV rank vs the trailing year. The 30-day expected move averaged 25.5%. IV traded above realized volatility by 84.9% (HV 20d: 9.5%). Max pain ranged from $21.00 to $25.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2017-11-30: Highest Volume — 34 contracts
2017-11-06: Largest IV spike — 120.9% change
2017-11-07: Highest IV Rank — 82.7%
2017-11-01: Largest Expected Move — 35.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.46	$24.14	$24.80	$24.67	$24.62
Max Pain	$22.20	$21.00	$25.00	$25.00	$22.00
ATM IV	94.5%	47.6%	153.6%	122.8%	61.4%
Expected Move	25.5%	13.7%	35.2%	35.2%	17.6%
HV 20d	9.5%	7.1%	10.6%	9.5%	10.0%
HV 60d	8.7%	8.3%	9.2%	8.5%	9.2%
IV Rank	50.5%	24.9%	82.7%	65.9%	32.5%
IV Percentile	47.0%	0.8%	94.4%	81.0%	9.1%
Term Structure	-32.1%	-52.2%	67.3%	-41.1%	67.3%
VWIV	67.1%	10.1%	100.7%	21.3%	100.7%
Skew 25d	-1.8%	-104.3%	24.8%	4.5%	-104.3%
Skew 10d	9.5%	-38.3%	23.6%	23.6%	16.3%
Call IV 25d	118.2%	7.9%	167.2%	167.2%	146.9%
Put IV 25d	116.3%	16.0%	171.7%	171.7%	42.7%
Bid-Ask Spread %	147.69	144.59	150.53	148.63	145.69
Gamma HHI	0.72	0.43	1.00	1.00	0.47
Net GEX	561	333	1.1K	337	1.1K
Net DEX	-15.9K	-25.7K	-10.6K	-11.7K	-22.4K
Net VEX	-71	-111	-51	-59	-99
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	16.429	10	34	10	34
Total OI	14.333	10	23	10	22

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	Spread %	Call Vol	Call OI
2017-11-01	$24.67	$0.00	122.8%	35.2%	9.5%	65.9%	0.0%	4.5%	-41.1%	337	-11.7K	-59	148.63	10	10
2017-11-02	$24.40	$0.00	65.8%	22.4%	10.0%	34.8%	0.0%	0.8%	-31.0%	334	-11.7K	-59	148.61	10	10
2017-11-03	$24.56	$0.00	66.4%	22.2%	10.4%	35.2%	0.0%	3.4%	-31.7%	335	-10.9K	-57	149.23	10	10
2017-11-06	$24.68	$0.00	146.7%	23.0%	10.6%	78.9%	0.0%	-5.4%	-34.2%	340	-11.0K	-56	149.31	10	10
2017-11-07	$24.80	$0.00	153.6%	23.4%	10.5%	82.7%	0.0%	1.6%	-41.0%	339	-11.7K	-58	148.31	10	10
2017-11-08	$24.70	$0.00	47.6%	13.7%	10.4%	24.9%	21.3%	24.8%	27.0%	333	-11.7K	-58	147.42	11	10
2017-11-09	$24.70	$25.00	83.7%	24.0%	10.4%	44.6%	90.4%	1.7%	-42.1%	371	-13.0K	-60	150.53	11	11
2017-11-10	$24.60	$25.00	85.3%	24.5%	10.4%	45.5%	77.8%	1.8%	-44.4%	372	-13.0K	-60	150.11	14	11
2017-11-13	$24.53	$22.00	49.2%	14.1%	10.4%	25.8%	84.1%	7.8%	-31.0%	521	-14.6K	-58	144.74	14	12
2017-11-14	$24.51	$22.00	89.8%	25.7%	10.4%	47.9%	76.1%	1.7%	-44.4%	401	-14.0K	-60	149.32	14	12
2017-11-15	$24.38	$22.00	93.8%	26.9%	10.2%	50.1%	77.3%	1.1%	-39.6%	399	-13.8K	-60	149.44	14	12
2017-11-16	$24.39	$22.00	97.6%	28.0%	10.1%	52.2%	80.6%	1.1%	-52.2%	410	-14.0K	-60	149.84	14	12
2017-11-17	$24.30	$22.00	52.0%	14.9%	9.9%	27.3%	10.1%	9.4%	-45.0%	688	-14.0K	-58	145.27	14	12
2017-11-20	$24.28	$22.00	97.4%	27.9%	9.7%	52.1%	59.1%	0.6%	-35.2%	443	-13.2K	-58	146.53	14	12
2017-11-21	$24.24	$22.00	99.3%	28.5%	9.7%	53.1%	42.7%	1.6%	-34.2%	550	-10.6K	-51	146.96	22	12
2017-11-22	$24.36	$22.00	104.7%	30.0%	8.0%	56.0%	54.1%	1.0%	-30.8%	771	-25.7K	-111	147.62	23	22
2017-11-24	$24.37	$22.00	108.0%	31.0%	8.0%	57.8%	71.3%	0.9%	-44.0%	989	-22.0K	-104	148.19	24	22
2017-11-27	$24.21	$21.00	118.7%	34.0%	7.3%	63.7%	72.8%	1.6%	-48.0%	888	-24.4K	-105	144.94	24	23
2017-11-28	$24.20	$21.00	118.1%	33.9%	7.1%	63.4%	80.2%	2.2%	-51.9%	904	-24.6K	-105	144.59	24	23
2017-11-29	$24.14	$21.00	121.9%	34.9%	7.1%	65.4%	75.8%	3.1%	-45.9%	907	-24.8K	-105	146.21	24	23
2017-11-30	$24.62	$22.00	61.4%	17.6%	10.0%	32.5%	100.7%	-104.3%	67.3%	1.1K	-22.4K	-99	145.69	34	22