EMLP Options History — December 2017

In December 2017, EMLP traded between $24.22 and $24.89. ATM implied volatility averaged 95.6%, placing in the 51.1% IV rank vs the trailing year. The 30-day expected move averaged 22.9%. IV traded above realized volatility by 85.1% (HV 20d: 10.5%). Max pain ranged from $22.00 to $22.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.00.

Notable Days

2017-12-01: Highest Volume — 34 contracts
2017-12-12: Largest IV spike — 861.2% change
2017-12-08: Highest IV Rank — 97.2%
2017-12-01: Largest Expected Move — 35.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.59	$24.22	$24.89	$24.80	$24.55
Max Pain	$22.00	$22.00	$22.00	$22.00	$22.00
ATM IV	95.6%	8.3%	180.3%	125.4%	32.0%
Expected Move	22.9%	9.2%	35.9%	35.9%	9.2%
HV 20d	10.5%	9.4%	11.9%	9.5%	9.6%
HV 60d	9.4%	9.2%	9.6%	9.3%	9.6%
IV Rank	51.1%	3.5%	97.2%	67.3%	16.4%
IV Percentile	46.1%	0.4%	98.8%	84.9%	0.8%
Term Structure	-29.7%	-62.1%	62.7%	-52.0%	-5.4%
VWIV	121.3%	121.3%	121.3%	121.3%	121.3%
Skew 25d	-3.5%	-69.2%	6.0%	4.0%	5.3%
Skew 10d	12.5%	-74.3%	24.4%	22.1%	4.4%
Call IV 25d	105.8%	28.1%	170.8%	170.8%	28.1%
Put IV 25d	102.2%	10.8%	174.8%	174.8%	33.5%
Bid-Ask Spread %	148.64	140.65	152.60	149.18	149.51
Gamma HHI	0.58	0.49	0.86	0.55	0.53
Net GEX	2.9K	1.1K	10.3K	1.3K	2.2K
Net DEX	-34.4K	-47.5K	-24.1K	-41.6K	-24.1K
Net VEX	-128	-147	-110	-127	-115
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	26	18	34	34	18
Total OI	33.55	28	41	33	28

Daily Data (20 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
2017-12-01	$24.80	$22.00	125.4%	35.9%	9.5%	67.3%	121.3%	4.0%	-52.0%	1.3K	-41.6K	-127	149.18	34	33
2017-12-04	$24.66	$0.00	142.5%	20.4%	9.5%	76.6%	0.0%	3.0%	-53.3%	1.5K	-40.9K	-125	149.23	34	33
2017-12-05	$24.51	$0.00	148.0%	20.5%	9.6%	79.6%	0.0%	3.0%	-44.1%	1.5K	-36.4K	-116	150.04	34	33
2017-12-06	$24.42	$0.00	159.7%	21.3%	9.4%	86.0%	0.0%	4.0%	-22.1%	1.6K	-35.2K	-114	148.55	32	33
2017-12-07	$24.56	$0.00	84.3%	21.8%	9.6%	44.9%	0.0%	-69.2%	-47.6%	4.9K	-31.5K	-128	140.65	32	41
2017-12-08	$24.63	$0.00	180.3%	21.6%	9.7%	97.2%	0.0%	3.4%	-47.3%	2.1K	-43.3K	-147	152.60	32	41
2017-12-11	$24.86	$0.00	8.3%	11.2%	10.1%	3.5%	0.0%	-21.4%	32.4%	6.2K	-41.0K	-138	144.40	32	41
2017-12-12	$24.72	$0.00	79.7%	22.8%	10.3%	42.4%	0.0%	3.3%	-56.4%	7.2K	-32.0K	-126	149.26	32	41
2017-12-13	$24.83	$0.00	77.1%	22.1%	10.4%	41.0%	0.0%	-55.7%	-49.2%	7.7K	-44.7K	-146	148.71	32	41
2017-12-14	$24.89	$0.00	81.0%	23.2%	10.2%	43.1%	0.0%	4.3%	-62.1%	10.3K	-47.5K	-143	148.78	32	41
2017-12-15	$24.84	$0.00	80.0%	22.9%	10.2%	42.6%	0.0%	3.6%	-58.3%	2.0K	-24.1K	-110	147.84	32	41
2017-12-18	$24.89	$0.00	86.0%	24.7%	10.1%	45.8%	0.0%	5.0%	-24.0%	1.5K	-32.0K	-135	150.13	18	28
2017-12-19	$24.55	$0.00	89.1%	25.6%	11.4%	47.6%	0.0%	3.5%	-22.9%	1.6K	-24.8K	-122	146.02	18	28
2017-12-20	$24.40	$0.00	91.7%	26.3%	11.6%	49.0%	0.0%	4.9%	-25.3%	1.1K	-31.2K	-129	148.49	18	28
2017-12-21	$24.22	$0.00	93.2%	26.7%	11.8%	49.8%	0.0%	5.5%	-26.2%	1.1K	-31.0K	-131	149.55	18	28
2017-12-22	$24.27	$0.00	94.8%	27.2%	11.8%	50.6%	0.0%	5.4%	-27.1%	1.1K	-31.2K	-130	148.83	18	28
2017-12-26	$24.31	$0.00	102.2%	29.3%	11.6%	54.7%	0.0%	5.7%	-31.9%	1.2K	-31.5K	-127	149.50	18	28
2017-12-27	$24.30	$0.00	104.5%	29.9%	11.6%	55.9%	0.0%	6.0%	-33.4%	1.2K	-31.4K	-126	151.06	18	28
2017-12-28	$24.51	$0.00	52.5%	15.1%	11.9%	27.6%	0.0%	5.6%	62.7%	1.2K	-32.4K	-126	150.46	18	28
2017-12-29	$24.55	$0.00	32.0%	9.2%	9.6%	16.4%	0.0%	5.3%	-5.4%	2.2K	-24.1K	-115	149.51	18	28