EMLP Options History — May 2018

In May 2018, EMLP traded between $22.35 and $22.98. ATM implied volatility averaged 103.9%, placing in the 52.4% IV rank vs the trailing year. The 30-day expected move averaged 26.2%. IV traded above realized volatility by 92.8% (HV 20d: 11.0%). 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 3 of 22 days. Put/call ratio averaged 1.48.

Notable Days

2018-05-01: Highest Volume — 42 contracts
2018-05-22: Largest IV spike — 478.8% change
2018-05-08: Highest IV Rank — 87.8%
2018-05-31: Largest Expected Move — 38.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$22.66	$22.35	$22.98	$22.72	$22.98
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	103.9%	18.7%	172.7%	128.5%	133.3%
Expected Move	26.2%	5.4%	38.2%	36.8%	38.2%
HV 20d	11.0%	8.6%	13.8%	13.0%	8.7%
HV 60d	14.7%	13.9%	15.6%	15.6%	14.1%
IV Rank	52.4%	8.7%	87.8%	65.1%	67.6%
IV Percentile	57.6%	0.8%	98.0%	84.1%	85.7%
Term Structure	-32.8%	-58.7%	45.9%	-51.1%	-58.7%
VWIV	71.1%	55.1%	99.0%	55.1%	99.0%
Skew 25d	-43.6%	-133.3%	15.1%	7.4%	-133.3%
Skew 10d	-51.4%	-156.3%	40.4%	26.5%	-156.3%
Call IV 25d	100.4%	21.4%	179.0%	172.3%	152.6%
Put IV 25d	56.8%	15.8%	186.9%	179.7%	19.3%
Bid-Ask Spread %	144.32	136.59	152.98	152.63	143.21
Gamma HHI	0.34	0.32	0.47	0.47	0.33
Net GEX	-613	-1.3K	-68	-68	-642
Net DEX	30.2K	11.6K	41.4K	11.6K	29.1K
Net VEX	-292	-310	-190	-190	-287
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.48	0.56	1.63	1.63	0.56
Total Volume	39.682	25	42	42	25
Total OI	53.182	36	54	36	54

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
2018-05-01	$22.72	$0.00	128.5%	36.8%	13.0%	65.1%	0.0%	7.4%	-51.1%	-68	11.6K	-190	1.63	152.63	16	26	17	19
2018-05-02	$22.46	$0.00	70.0%	20.1%	13.8%	35.1%	0.0%	8.0%	-51.6%	-566	30.0K	-309	1.63	152.98	16	26	17	37
2018-05-03	$22.35	$25.00	135.3%	21.9%	13.5%	68.6%	55.1%	-4.4%	-31.8%	-597	32.7K	-305	1.63	148.46	16	26	17	37
2018-05-04	$22.55	$25.00	142.1%	23.5%	12.9%	72.1%	57.5%	-10.4%	-37.1%	-600	29.6K	-310	1.63	149.94	16	26	17	37
2018-05-07	$22.57	$25.00	153.6%	23.7%	12.9%	78.0%	62.3%	-44.9%	-32.8%	-568	29.9K	-307	1.63	148.31	16	26	17	37
2018-05-08	$22.38	$25.00	172.7%	25.4%	13.2%	87.8%	58.9%	-96.5%	-38.2%	-607	31.8K	-305	1.63	145.80	16	26	17	37
2018-05-09	$22.52	$25.00	87.5%	25.1%	13.3%	44.0%	59.2%	-96.1%	-42.0%	-612	31.1K	-305	1.63	145.37	16	26	17	37
2018-05-10	$22.70	$25.00	88.4%	25.3%	13.2%	44.5%	61.6%	-42.5%	-42.1%	-613	30.0K	-305	1.63	147.55	16	26	17	37
2018-05-11	$22.71	$25.00	89.6%	25.7%	13.2%	45.1%	64.4%	-39.4%	-43.2%	-613	29.8K	-306	1.63	144.12	16	26	17	37
2018-05-14	$22.82	$25.00	90.7%	26.0%	10.8%	45.7%	66.7%	-78.2%	-36.1%	-574	30.4K	-300	1.63	146.40	16	26	17	37
2018-05-15	$22.67	$25.00	86.9%	24.9%	10.4%	43.7%	67.2%	-1.3%	-41.8%	-617	30.4K	-298	1.63	143.60	16	26	17	37
2018-05-16	$22.65	$25.00	32.9%	9.4%	10.4%	15.9%	67.8%	15.1%	21.3%	-577	30.6K	-292	1.63	142.56	16	26	17	37
2018-05-17	$22.71	$25.00	96.9%	27.8%	10.1%	48.9%	71.2%	-4.4%	-41.6%	-584	29.7K	-299	1.63	140.27	16	26	17	37
2018-05-18	$22.60	$25.00	100.4%	28.8%	9.8%	50.7%	70.7%	-108.7%	-53.5%	-623	30.8K	-296	1.63	144.37	16	26	17	37
2018-05-21	$22.71	$25.00	18.7%	5.4%	9.7%	8.7%	73.9%	-3.2%	45.9%	-1.3K	41.4K	-268	1.63	139.93	16	26	17	37
2018-05-22	$22.70	$25.00	108.2%	31.0%	9.0%	54.7%	73.1%	-43.7%	-38.9%	-629	30.3K	-292	1.63	143.70	16	26	17	37
2018-05-23	$22.77	$25.00	107.1%	30.7%	8.8%	54.1%	75.5%	-122.4%	-34.0%	-581	31.4K	-292	1.63	140.19	16	26	17	37
2018-05-24	$22.67	$25.00	113.1%	32.4%	8.8%	57.2%	75.9%	-102.8%	-42.8%	-633	30.7K	-290	1.63	137.64	16	26	17	37
2018-05-25	$22.67	$25.00	111.0%	31.8%	8.7%	56.1%	77.7%	-10.1%	-39.5%	-607	31.3K	-291	1.63	136.59	16	26	17	37
2018-05-29	$22.67	$25.00	89.0%	25.5%	8.6%	44.8%	88.9%	-20.1%	23.1%	-614	32.4K	-286	0.56	140.14	16	9	17	37
2018-05-30	$22.96	$25.00	129.2%	37.0%	9.8%	65.5%	95.5%	-28.2%	-55.4%	-618	29.3K	-288	0.56	141.26	16	9	17	37
2018-05-31	$22.98	$25.00	133.3%	38.2%	8.7%	67.6%	99.0%	-133.3%	-58.7%	-642	29.1K	-287	0.56	143.21	16	9	17	37