EMLP Options History — September 2018

In September 2018, EMLP traded between $23.19 and $24.21. ATM implied volatility averaged 109.7%, placing in the 53.9% IV rank vs the trailing year. The 30-day expected move averaged 27.6%. IV traded above realized volatility by 100.8% (HV 20d: 8.9%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 12 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 0.26.

Notable Days

2018-09-04: Highest Volume — 39 contracts
2018-09-12: Largest IV drop — 47.9% change
2018-09-11: Highest IV Rank — 80.4%
2018-09-05: Largest Expected Move — 36.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$23.84	$23.19	$24.21	$24.01	$23.46
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	109.7%	83.1%	159.4%	124.0%	113.7%
Expected Move	27.6%	22.4%	36.0%	35.5%	32.6%
HV 20d	8.9%	7.9%	10.5%	8.2%	10.5%
HV 60d	11.0%	10.7%	11.3%	11.0%	11.1%
IV Rank	53.9%	39.8%	80.4%	61.5%	56.0%
IV Percentile	54.3%	16.3%	92.1%	75.8%	66.3%
Term Structure	-36.0%	-49.9%	-23.6%	-48.1%	-37.5%
VWIV	49.7%	49.3%	50.1%	50.1%	49.3%
Skew 25d	-39.9%	-114.9%	73.5%	73.5%	-51.8%
Skew 10d	-32.8%	-152.3%	70.8%	-152.3%	-62.1%
Call IV 25d	93.8%	19.7%	143.4%	99.3%	72.0%
Put IV 25d	53.9%	13.7%	172.8%	172.8%	20.2%
Bid-Ask Spread %	145.26	137.36	152.04	144.53	148.36
Gamma HHI	0.53	0.25	1.00	0.25	1.00
Net GEX	14	-549	949	-75	-542
Net DEX	12.6K	-94	26.4K	-94	15.3K
Net VEX	-120	-186	-75	-186	-77
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.26	0.26	0.26	0.26	0.26
Total Volume	29	1	39	39	1
Total OI	54.842	18	68	68	18

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	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2018-09-04	$24.01	$25.00	124.0%	35.5%	8.2%	61.5%	50.1%	73.5%	-48.1%	-75	-94	-186	0.26	144.53	31	8	32	36
2018-09-05	$24.21	$25.00	125.5%	36.0%	8.7%	62.3%	49.3%	56.1%	-49.9%	160	3.5K	-181	0.26	143.79	31	8	32	36
2018-09-06	$24.14	$0.00	129.8%	22.7%	8.7%	64.6%	0.0%	3.8%	-23.6%	307	8.0K	-175	0.26	146.69	31	8	32	36
2018-09-07	$23.94	$0.00	134.9%	22.4%	8.7%	67.3%	0.0%	-22.5%	-28.8%	149	6.5K	-171	0.26	144.28	31	8	32	36
2018-09-10	$24.02	$0.00	152.2%	23.3%	8.8%	76.5%	0.0%	-39.0%	-30.9%	194	7.2K	-160	0.26	148.63	31	8	32	36
2018-09-11	$24.11	$0.00	159.4%	23.5%	8.3%	80.4%	0.0%	9.2%	-31.4%	110	7.9K	-157	0.26	152.04	31	8	32	36
2018-09-12	$24.19	$0.00	83.1%	23.8%	8.1%	39.8%	0.0%	-80.5%	-31.9%	259	5.9K	-152	0.26	146.66	31	8	32	36
2018-09-13	$24.21	$0.00	84.2%	24.1%	7.9%	40.4%	0.0%	-96.5%	-32.8%	147	3.4K	-150	0.26	150.22	31	8	32	36
2018-09-14	$23.86	$0.00	85.6%	24.5%	9.0%	41.1%	0.0%	-65.1%	-34.3%	136	4.0K	-144	0.26	149.52	31	8	32	36
2018-09-17	$23.89	$0.00	89.4%	25.6%	8.6%	43.1%	0.0%	-12.0%	-37.3%	886	26.4K	-92	0.26	139.08	31	8	32	36
2018-09-18	$24.01	$0.00	90.7%	26.0%	8.7%	43.8%	0.0%	-31.5%	-37.9%	228	23.2K	-86	0.26	140.60	31	8	32	36
2018-09-19	$23.85	$0.00	92.4%	26.5%	8.9%	44.7%	0.0%	-79.1%	-39.9%	949	23.4K	-82	0.26	137.36	31	8	32	36
2018-09-20	$23.85	$0.00	94.0%	27.0%	8.8%	45.6%	0.0%	-10.2%	-41.2%	53	22.1K	-79	0.26	143.65	31	8	32	36
2018-09-21	$23.87	$0.00	95.6%	27.4%	8.7%	46.4%	0.0%	-74.2%	-42.5%	-545	21.8K	-79	0.26	140.85	31	8	32	36
2018-09-24	$23.60	$0.00	101.7%	29.2%	9.4%	49.7%	0.0%	-111.7%	-33.3%	-549	15.1K	-77	0.00	145.36	0	1	0	18
2018-09-25	$23.36	$0.00	106.6%	30.6%	9.9%	52.3%	0.0%	-114.9%	-33.1%	-547	15.5K	-78	0.00	140.92	0	1	0	18
2018-09-26	$23.19	$0.00	109.4%	31.4%	9.7%	53.8%	0.0%	-53.9%	-33.3%	-526	14.8K	-75	0.00	149.42	0	1	0	18
2018-09-27	$23.23	$0.00	111.7%	32.0%	9.6%	55.0%	0.0%	-57.1%	-36.9%	-533	15.7K	-77	0.00	148.07	0	1	0	18
2018-09-28	$23.46	$0.00	113.7%	32.6%	10.5%	56.0%	0.0%	-51.8%	-37.5%	-542	15.3K	-77	0.00	148.36	0	1	0	18