EMLP Options History — February 2018

In February 2018, EMLP traded between $22.68 and $24.46. ATM implied volatility averaged 109.3%, placing in the 58.6% IV rank vs the trailing year. The 30-day expected move averaged 28.3%. IV traded above realized volatility by 95.2% (HV 20d: 14.2%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 0.00.

Notable Days

2018-02-01: Highest Volume — 30 contracts
2018-02-02: Largest IV spike — 103.7% change
2018-02-06: Highest IV Rank — 86.7%
2018-02-28: Largest Expected Move — 38.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$23.33	$22.68	$24.46	$24.46	$22.68
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	109.3%	66.3%	160.9%	66.3%	132.6%
Expected Move	28.3%	21.8%	38.0%	21.8%	38.0%
HV 20d	14.2%	9.0%	16.1%	9.0%	16.1%
HV 60d	11.6%	9.3%	12.6%	9.3%	12.2%
IV Rank	58.6%	35.1%	86.7%	35.1%	71.2%
IV Percentile	65.5%	18.3%	97.6%	18.3%	88.5%
Term Structure	-42.0%	-58.8%	-30.7%	-30.7%	-58.8%
VWIV	110.3%	51.1%	158.2%	78.2%	158.2%
Skew 25d	4.9%	3.1%	8.0%	3.1%	8.0%
Skew 10d	25.3%	15.7%	29.9%	21.0%	22.7%
Call IV 25d	133.8%	104.5%	172.5%	104.5%	172.5%
Put IV 25d	138.7%	107.6%	180.4%	107.6%	180.4%
Bid-Ask Spread %	149.85	147.26	150.90	150.47	147.26
Gamma HHI	0.50	0.50	0.50	0.50	0.50
Net GEX	1.3K	1.2K	1.5K	1.4K	1.4K
Net DEX	-37.8K	-46.3K	-30.0K	-46.3K	-30.0K
Net VEX	-98	-127	-67	-127	-67
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	30	30	30	30	30
Total OI	38	38	38	38	38

Daily Data (19 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
2018-02-01	$24.46	$25.00	66.3%	21.8%	9.0%	35.1%	78.2%	3.1%	-30.7%	1.4K	-46.3K	-127	150.47	30	38
2018-02-02	$23.96	$25.00	135.0%	22.4%	11.3%	72.5%	85.7%	3.9%	-32.3%	1.4K	-41.8K	-122	150.25	30	38
2018-02-05	$23.50	$25.00	156.9%	23.9%	12.9%	84.5%	93.3%	3.6%	-34.9%	1.2K	-39.9K	-115	150.90	30	38
2018-02-06	$23.53	$25.00	160.9%	23.7%	12.8%	86.7%	94.3%	3.5%	-38.8%	1.2K	-40.2K	-114	150.31	30	38
2018-02-07	$23.44	$25.00	85.7%	24.6%	12.8%	45.7%	51.1%	4.4%	-37.0%	1.3K	-38.5K	-112	150.84	30	38
2018-02-08	$22.96	$25.00	84.8%	24.3%	14.2%	45.2%	99.0%	4.6%	-42.4%	1.3K	-35.1K	-106	149.66	30	38
2018-02-09	$23.01	$25.00	89.1%	25.6%	13.9%	47.6%	103.4%	4.8%	-41.3%	1.2K	-37.0K	-106	150.09	30	38
2018-02-12	$23.29	$25.00	92.5%	26.5%	14.9%	49.4%	105.3%	4.5%	-43.1%	1.2K	-38.7K	-104	149.19	30	38
2018-02-13	$23.34	$25.00	93.9%	26.9%	15.0%	50.1%	106.4%	4.5%	-44.1%	1.2K	-39.0K	-102	149.43	30	38
2018-02-14	$23.26	$25.00	95.7%	27.4%	14.9%	51.1%	109.1%	4.5%	-45.9%	1.2K	-38.5K	-100	150.22	30	38
2018-02-15	$23.46	$25.00	96.8%	27.7%	15.3%	51.7%	108.7%	4.3%	-46.0%	1.2K	-39.9K	-99	150.39	30	38
2018-02-16	$23.48	$25.00	98.4%	28.2%	15.4%	52.6%	110.5%	4.5%	-47.4%	1.2K	-39.6K	-97	150.38	30	38
2018-02-20	$23.29	$25.00	106.8%	30.6%	14.7%	57.2%	121.7%	4.5%	-36.2%	1.2K	-38.6K	-90	150.34	30	38
2018-02-21	$23.05	$25.00	106.3%	30.5%	14.5%	56.9%	123.7%	5.2%	-36.1%	1.3K	-35.1K	-84	148.82	30	38
2018-02-22	$22.98	$25.00	112.5%	32.2%	14.5%	60.3%	130.9%	6.3%	-41.4%	1.4K	-33.7K	-81	150.55	30	38
2018-02-23	$23.31	$25.00	111.8%	32.1%	15.8%	59.9%	127.5%	6.4%	-40.5%	1.5K	-35.1K	-81	149.24	30	38
2018-02-26	$23.25	$25.00	123.5%	35.4%	15.7%	66.3%	141.1%	5.5%	-48.7%	1.2K	-38.0K	-78	149.35	30	38
2018-02-27	$23.03	$25.00	127.8%	36.6%	15.6%	68.6%	148.3%	7.3%	-53.1%	1.4K	-33.8K	-72	149.38	30	38
2018-02-28	$22.68	$25.00	132.6%	38.0%	16.1%	71.2%	158.2%	8.0%	-58.8%	1.4K	-30.0K	-67	147.26	30	38