KNOP Options History — October 2013

In October 2013, KNOP traded between $23.78 and $25.78. ATM implied volatility averaged 28.8%, placing in the 9.6% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded above realized volatility by 6.3% (HV 20d: 22.6%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 9 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 0.00.

Notable Days

2013-10-24: Highest Volume — 20 contracts
2013-10-14: Largest IV spike — 65.4% change
2013-10-29: Highest IV Rank — 19.5%
2013-10-29: Largest Expected Move — 12.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.58	$23.78	$25.78	$24.20	$25.44
Max Pain	$24.64	$22.50	$25.00	$22.50	$25.00
ATM IV	28.8%	19.7%	41.9%	28.7%	26.8%
Expected Move	8.1%	5.6%	12.0%	8.2%	7.7%
HV 20d	22.6%	19.5%	25.6%	23.6%	21.0%
HV 60d	25.5%	23.0%	28.4%	28.4%	23.0%
IV Rank	9.6%	2.9%	19.5%	14.5%	6.8%
IV Percentile	48.6%	12.9%	84.7%	75.4%	35.3%
Term Structure	0.5%	-18.8%	21.8%	14.1%	21.8%
VWIV	24.5%	11.8%	38.4%	15.5%	11.8%
Skew 25d	1.4%	-14.8%	30.7%	8.8%	9.4%
Skew 10d	2.8%	-8.9%	63.0%	-1.6%	0.7%
Call IV 25d	30.1%	16.1%	46.6%	25.3%	32.0%
Put IV 25d	31.5%	19.8%	67.6%	34.0%	41.3%
Bid-Ask Spread %	123.16	105.63	145.34	145.34	139.50
Gamma HHI	0.48	0.34	0.67	0.67	0.49
Net GEX	-1.3K	-6.1K	6.8K	-6.1K	69
Net DEX	-19.0K	-83.1K	14.6K	14.6K	-12.9K
Net VEX	-461	-552	-238	-521	-238
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	3.043	0	20	10	10
Total OI	169.565	112	199	169	112

Daily Data (23 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	Put OI
2013-10-01	$24.20	$22.50	28.7%	8.2%	23.6%	0.0%	15.5%	8.8%	14.1%	-6.1K	14.6K	-521	145.34	10	30	139
2013-10-02	$24.02	$22.50	28.1%	8.0%	23.7%	0.0%	0.0%	-1.6%	3.8%	-5.4K	1.2K	-508	114.06	0	40	139
2013-10-03	$24.07	$22.50	32.3%	9.3%	23.5%	0.0%	0.0%	-1.0%	-5.2%	-5.4K	6.4K	-513	129.47	0	40	139
2013-10-04	$24.08	$0.00	23.7%	7.0%	23.4%	0.0%	0.0%	-0.2%	-1.8%	-5.3K	1.2K	-475	122.51	0	40	139
2013-10-07	$24.19	$0.00	28.8%	7.3%	23.4%	0.0%	26.9%	5.3%	-8.9%	-4.6K	1.5K	-492	105.63	10	40	139
2013-10-08	$24.17	$25.00	35.4%	9.6%	22.9%	0.0%	0.0%	-0.6%	-14.1%	-4.0K	-12.2K	-494	112.85	0	50	139
2013-10-09	$24.07	$25.00	30.2%	5.9%	22.6%	0.0%	0.0%	7.3%	7.6%	-3.6K	-5.7K	-506	118.88	0	50	139
2013-10-10	$23.97	$25.00	24.7%	7.1%	22.7%	0.0%	24.8%	-5.4%	4.7%	-4.1K	7.3K	-529	108.71	10	50	139
2013-10-11	$24.02	$25.00	21.3%	6.1%	22.5%	0.0%	0.0%	10.2%	13.9%	-3.0K	-5.8K	-552	112.49	0	60	139
2013-10-14	$24.50	$25.00	35.2%	10.1%	22.1%	0.0%	0.0%	-9.9%	-3.9%	-466	-26.5K	-496	120.22	0	60	139
2013-10-15	$24.69	$25.00	20.4%	5.9%	21.2%	0.0%	0.0%	-2.6%	4.8%	975	-39.0K	-469	127.48	0	60	139
2013-10-16	$23.92	$25.00	28.3%	8.1%	24.2%	0.0%	0.0%	-1.5%	-2.6%	-3.0K	-14.5K	-488	113.55	0	60	139
2013-10-17	$23.78	$25.00	19.7%	5.6%	23.1%	0.0%	0.0%	10.2%	9.9%	-4.0K	5.2K	-493	115.04	0	60	139
2013-10-18	$24.00	$25.00	27.9%	8.0%	22.6%	0.0%	0.0%	2.4%	-2.4%	-4.1K	-1.9K	-472	127.02	0	60	139
2013-10-21	$24.64	$25.00	37.6%	10.8%	24.7%	0.0%	29.7%	-3.0%	-0.4%	-1.7K	-381	-433	141.15	10	38	88
2013-10-22	$25.15	$25.00	36.0%	10.3%	25.6%	14.5%	0.0%	-9.5%	-15.4%	846	-28.2K	-451	115.76	0	48	88
2013-10-23	$25.15	$25.00	30.3%	8.7%	25.6%	9.7%	0.0%	-3.3%	-6.2%	1.3K	-32.8K	-406	130.13	0	48	88
2013-10-24	$25.30	$25.00	33.0%	9.5%	19.5%	11.9%	38.4%	-8.5%	-7.3%	827	-27.8K	-445	124.46	20	48	88
2013-10-25	$25.27	$25.00	22.4%	6.4%	19.5%	3.0%	0.0%	2.4%	9.9%	4.7K	-43.3K	-485	124.29	0	64	88
2013-10-28	$25.78	$25.00	28.9%	8.3%	20.1%	8.5%	0.0%	30.7%	-5.6%	5.9K	-78.3K	-346	120.40	0	64	88
2013-10-29	$25.41	$25.00	41.9%	12.0%	21.0%	19.5%	0.0%	-14.8%	-18.8%	2.4K	-60.9K	-401	130.15	0	64	88
2013-10-30	$25.60	$25.00	22.3%	6.4%	20.8%	2.9%	0.0%	8.1%	14.9%	6.8K	-83.1K	-395	133.53	0	64	88
2013-10-31	$25.44	$25.00	26.8%	7.7%	21.0%	6.8%	11.8%	9.4%	21.8%	69	-12.9K	-238	139.50	10	24	88