EMLP Options History — March 2018

In March 2018, EMLP traded between $21.49 and $23.09. ATM implied volatility averaged 120.3%, placing in the 62.3% IV rank vs the trailing year. The 30-day expected move averaged 28.0%. IV traded above realized volatility by 104.6% (HV 20d: 15.7%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 7 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.46.

Notable Days

2018-03-02: Highest Volume — 47 contracts
2018-03-26: Largest IV spike — 58.3% change
2018-03-09: Highest IV Rank — 100.0%
2018-03-02: Largest Expected Move — 40.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$22.34	$21.49	$23.09	$22.69	$21.91
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	120.3%	70.8%	196.4%	136.9%	117.9%
Expected Move	28.0%	20.3%	40.7%	39.3%	33.8%
HV 20d	15.7%	12.5%	18.3%	15.9%	18.0%
HV 60d	13.3%	12.1%	14.9%	12.1%	14.8%
IV Rank	62.3%	35.4%	100.0%	73.6%	59.7%
IV Percentile	68.6%	20.2%	100.0%	89.3%	78.6%
Term Structure	-39.9%	-63.6%	-26.1%	-62.4%	-40.2%
VWIV	166.7%	163.1%	170.3%	163.1%	170.3%
Skew 25d	5.8%	-3.7%	19.4%	8.5%	7.0%
Skew 10d	30.3%	23.2%	42.2%	42.2%	30.4%
Call IV 25d	135.1%	108.9%	195.0%	174.9%	159.9%
Put IV 25d	140.9%	113.6%	191.3%	183.4%	167.0%
Bid-Ask Spread %	150.77	148.43	152.05	148.43	151.87
Gamma HHI	0.50	0.47	0.58	0.50	0.47
Net GEX	199	-518	1.5K	1.5K	-54
Net DEX	3.0K	-33.5K	24.0K	-28.5K	8.4K
Net VEX	-159	-216	-63	-63	-212
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.46	0.00	0.57	0.00	0.56
Total Volume	34.667	25	47	30	25
Total OI	45.095	20	58	38	36

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	Call OI	Put OI
2018-03-01	$22.69	$25.00	136.9%	39.3%	15.9%	73.6%	163.1%	8.5%	-62.4%	1.5K	-28.5K	-63	0.00	148.43	30	0	38	0
2018-03-02	$22.61	$25.00	142.0%	40.7%	15.9%	76.3%	170.3%	-3.7%	-63.6%	1.2K	-33.5K	-65	0.57	150.67	30	17	38	0
2018-03-05	$22.75	$0.00	159.7%	23.4%	15.0%	86.0%	0.0%	19.4%	-60.0%	959	-19.2K	-160	0.57	148.97	30	17	38	17
2018-03-06	$22.63	$0.00	161.0%	23.0%	13.7%	86.7%	0.0%	4.7%	-37.6%	1.1K	-16.1K	-149	0.57	150.04	30	17	38	17
2018-03-07	$22.53	$0.00	177.3%	23.0%	13.7%	95.6%	0.0%	4.9%	-40.7%	998	-13.4K	-153	0.57	152.05	30	17	38	17
2018-03-08	$22.56	$0.00	184.1%	22.7%	13.7%	99.3%	0.0%	2.9%	-38.1%	787	-19.0K	-150	0.57	151.73	30	17	38	17
2018-03-09	$22.82	$0.00	196.4%	23.4%	12.6%	100.0%	0.0%	4.9%	-35.4%	1.1K	-7.8K	-153	0.30	150.19	30	9	38	17
2018-03-12	$23.09	$0.00	84.5%	24.2%	13.2%	42.5%	0.0%	5.1%	-36.6%	-510	24.0K	-121	0.30	151.32	30	9	38	19
2018-03-13	$23.04	$0.00	86.6%	24.8%	12.5%	43.6%	0.0%	4.9%	-40.6%	-518	21.7K	-122	0.29	149.53	31	9	38	19
2018-03-14	$23.05	$0.00	85.0%	24.4%	12.5%	42.8%	0.0%	4.6%	-38.9%	-502	20.6K	-128	0.29	151.38	31	9	39	19
2018-03-15	$22.35	$0.00	91.5%	26.2%	16.4%	46.1%	0.0%	4.9%	-45.0%	-473	19.3K	-125	0.29	150.05	31	9	39	19
2018-03-16	$22.50	$0.00	92.4%	26.5%	16.3%	46.6%	0.0%	5.0%	-38.3%	-452	21.5K	-126	0.29	151.95	31	9	39	19
2018-03-19	$22.18	$0.00	96.0%	27.5%	16.8%	48.4%	0.0%	5.7%	-30.3%	-478	22.1K	-121	0.56	151.22	16	9	1	19
2018-03-20	$21.97	$0.00	99.6%	28.5%	16.9%	50.2%	0.0%	6.0%	-28.0%	-52	7.0K	-215	0.56	150.86	16	9	17	19
2018-03-21	$22.21	$0.00	100.8%	28.9%	17.3%	50.8%	0.0%	5.8%	-26.1%	-53	7.7K	-214	0.56	150.90	16	9	17	19
2018-03-22	$21.80	$0.00	102.9%	29.5%	18.3%	52.0%	0.0%	6.8%	-29.8%	-52	7.6K	-214	0.56	151.65	16	9	17	19
2018-03-23	$21.49	$0.00	70.8%	20.3%	17.6%	35.4%	0.0%	5.0%	-33.0%	-52	7.8K	-216	0.56	150.59	16	9	17	19
2018-03-26	$21.66	$0.00	112.1%	32.1%	18.1%	56.7%	0.0%	5.9%	-36.7%	-56	12.5K	-206	0.56	151.34	16	9	17	19
2018-03-27	$21.68	$0.00	113.4%	32.5%	18.0%	57.3%	0.0%	7.3%	-38.2%	-55	10.5K	-209	0.56	150.57	16	9	17	19
2018-03-28	$21.68	$0.00	115.8%	33.2%	17.5%	58.6%	0.0%	7.0%	-39.4%	-55	10.5K	-209	0.56	150.75	16	9	17	19
2018-03-29	$21.91	$0.00	117.9%	33.8%	18.0%	59.7%	0.0%	7.0%	-40.2%	-54	8.4K	-212	0.56	151.87	16	9	17	19