EMLP Options History — June 2018

In June 2018, EMLP traded between $22.59 and $23.25. ATM implied volatility averaged 117.9%, placing in the 58.7% IV rank vs the trailing year. The 30-day expected move averaged 27.3%. IV traded above realized volatility by 108.3% (HV 20d: 9.6%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 3 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.35.

Notable Days

2018-06-11: Highest Volume — 40 contracts
2018-06-11: Largest IV drop — 56.1% change
2018-06-08: Highest IV Rank — 96.4%
2018-06-01: Largest Expected Move — 39.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$22.88	$22.59	$23.25	$22.91	$23.25
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	117.9%	83.1%	189.3%	138.2%	114.3%
Expected Move	27.3%	21.9%	39.6%	39.6%	32.8%
HV 20d	9.6%	8.0%	11.7%	8.5%	11.5%
HV 60d	12.2%	10.8%	14.0%	14.0%	11.2%
IV Rank	58.7%	41.6%	96.4%	70.1%	56.4%
IV Percentile	63.0%	25.4%	99.6%	87.3%	70.6%
Term Structure	-32.4%	-63.2%	-18.5%	-63.2%	-38.6%
VWIV	101.5%	101.5%	101.5%	101.5%	101.5%
Skew 25d	-0.6%	-74.0%	78.8%	-40.7%	-60.3%
Skew 10d	-14.0%	-159.3%	29.1%	-159.3%	-127.1%
Call IV 25d	100.1%	32.9%	137.3%	59.8%	137.3%
Put IV 25d	99.5%	16.0%	151.5%	19.1%	77.0%
Bid-Ask Spread %	148.33	136.52	152.81	139.44	147.75
Gamma HHI	0.31	0.25	0.56	0.33	0.25
Net GEX	-453	-2.0K	26	-642	-96
Net DEX	17.6K	5.4K	32.2K	29.5K	5.4K
Net VEX	-312	-343	-272	-286	-326
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.35	0.26	0.56	0.56	0.26
Total Volume	35.238	25	40	25	39
Total OI	63.524	54	69	54	68

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
2018-06-01	$22.91	$25.00	138.2%	39.6%	8.5%	70.1%	101.5%	-40.7%	-63.2%	-642	29.5K	-286	0.56	139.44	16	9	17	37
2018-06-04	$22.93	$0.00	155.9%	21.9%	8.0%	79.2%	0.0%	4.7%	-26.7%	-639	29.4K	-282	0.56	152.64	16	9	17	37
2018-06-05	$22.86	$0.00	163.6%	22.2%	8.1%	83.2%	0.0%	4.7%	-27.6%	-644	29.8K	-281	0.56	151.91	16	9	17	37
2018-06-06	$22.59	$0.00	177.0%	23.0%	8.7%	90.0%	0.0%	4.7%	-29.8%	-671	31.3K	-276	0.56	152.10	16	9	17	37
2018-06-07	$22.73	$0.00	187.2%	23.2%	8.7%	95.3%	0.0%	4.2%	-30.0%	-2.0K	30.3K	-275	0.56	152.24	16	9	17	37
2018-06-08	$22.65	$0.00	189.3%	23.0%	8.3%	96.4%	0.0%	3.7%	-30.5%	-2.0K	32.2K	-273	0.56	152.81	16	9	17	37
2018-06-11	$22.88	$0.00	83.1%	23.8%	9.1%	41.8%	0.0%	-74.0%	-32.0%	-1.8K	30.3K	-272	0.29	145.86	31	9	17	37
2018-06-12	$22.91	$0.00	85.9%	24.6%	9.0%	43.2%	0.0%	4.0%	-33.4%	-56	12.1K	-343	0.29	150.56	31	9	32	37
2018-06-13	$22.80	$0.00	87.2%	25.0%	8.8%	43.9%	0.0%	3.3%	-34.8%	-118	13.3K	-338	0.29	152.07	31	9	32	37
2018-06-14	$22.87	$0.00	86.5%	24.8%	8.8%	41.6%	0.0%	3.1%	-34.8%	-121	12.5K	-340	0.29	152.43	31	9	32	37
2018-06-15	$22.72	$0.00	89.9%	25.8%	9.1%	43.4%	0.0%	3.2%	-37.2%	-121	13.3K	-336	0.29	152.33	31	9	32	37
2018-06-18	$22.87	$0.00	93.8%	26.9%	9.2%	45.5%	0.0%	-17.0%	-26.3%	-117	9.8K	-334	0.26	136.52	31	8	32	36
2018-06-19	$22.97	$0.00	95.1%	27.3%	9.2%	46.2%	0.0%	-42.4%	-27.0%	-121	9.0K	-333	0.26	142.17	31	8	32	36
2018-06-20	$23.13	$0.00	97.0%	27.8%	9.5%	47.2%	0.0%	-49.2%	-26.0%	-86	9.3K	-334	0.26	146.68	31	8	32	36
2018-06-21	$22.75	$0.00	97.0%	27.8%	11.3%	47.2%	0.0%	4.7%	-18.5%	-133	10.8K	-330	0.26	149.44	31	8	32	36
2018-06-22	$22.90	$0.00	99.8%	28.6%	11.4%	48.7%	0.0%	-25.6%	-29.6%	-63	7.9K	-334	0.26	147.70	31	8	32	36
2018-06-25	$22.83	$0.00	106.7%	30.6%	11.4%	52.3%	0.0%	54.3%	-31.8%	1	15.2K	-315	0.26	149.67	31	8	32	36
2018-06-26	$22.98	$0.00	107.7%	30.9%	11.7%	52.8%	0.0%	78.8%	-34.7%	-97	7.8K	-329	0.26	145.01	31	8	32	36
2018-06-27	$22.93	$0.00	108.2%	31.0%	10.8%	53.1%	0.0%	48.3%	-34.1%	26	14.5K	-310	0.26	150.67	31	8	32	36
2018-06-28	$22.99	$0.00	111.9%	32.1%	10.8%	55.1%	0.0%	75.0%	-34.6%	1	15.4K	-310	0.26	144.98	31	8	32	36
2018-06-29	$23.25	$0.00	114.3%	32.8%	11.5%	56.4%	0.0%	-60.3%	-38.6%	-96	5.4K	-326	0.26	147.75	31	8	32	36