KNOP Options History — December 2013

In December 2013, KNOP traded between $25.43 and $28.99. ATM implied volatility averaged 45.2%, placing in the 22.3% IV rank vs the trailing year. The 30-day expected move averaged 12.3%. IV traded above realized volatility by 17.4% (HV 20d: 27.8%). Max pain ranged from $22.50 to $22.50. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2013-12-03: Highest Volume — 1 contracts
2013-12-30: Largest IV spike — 157.5% change
2013-12-30: Highest IV Rank — 63.6%
2013-12-30: Largest Expected Move — 27.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$26.92	$25.43	$28.99	$27.77	$28.10
Max Pain	$22.50	$22.50	$22.50	$22.50	$22.50
ATM IV	45.2%	25.0%	94.2%	50.5%	56.2%
Expected Move	12.3%	6.9%	27.0%	14.5%	16.1%
HV 20d	27.8%	22.2%	34.0%	22.2%	34.0%
HV 60d	23.3%	21.8%	26.1%	22.1%	26.1%
IV Rank	22.3%	5.2%	63.6%	26.7%	31.5%
IV Percentile	71.3%	22.2%	98.8%	88.3%	90.8%
Term Structure	-6.7%	-45.2%	45.2%	45.2%	-10.3%
Skew 25d	11.1%	-4.6%	81.9%	69.3%	7.7%
Skew 10d	6.4%	-59.2%	60.3%	30.1%	9.4%
Call IV 25d	36.4%	16.5%	106.6%	58.1%	34.8%
Put IV 25d	47.5%	21.4%	127.3%	127.3%	42.5%
Bid-Ask Spread %	137.62	121.57	149.03	136.00	141.69
Gamma HHI	0.53	0.43	0.64	0.49	0.52
Net GEX	-1.2K	-2.2K	-55	-1.6K	-725
Net DEX	2.3K	-15.0K	29.8K	9.6K	-9.9K
Net VEX	-165	-268	-56	-218	-123
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	0.095	0	1	0	0
Total OI	96.952	96	98	96	98

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	Spread %	Call Vol	Call OI	Put OI
2013-12-02	$27.77	$0.00	50.5%	14.5%	22.2%	26.7%	0.0%	69.3%	45.2%	-1.6K	9.6K	-218	136.00	0	7	89
2013-12-03	$27.74	$0.00	37.8%	10.8%	22.3%	16.0%	0.0%	6.7%	-6.4%	-499	-5.4K	-128	125.56	1	7	89
2013-12-04	$27.85	$0.00	50.9%	14.6%	22.2%	27.1%	0.0%	9.4%	-4.3%	-959	-2.8K	-167	143.92	0	8	89
2013-12-05	$27.00	$0.00	38.2%	10.9%	25.5%	16.3%	0.0%	-2.6%	-16.2%	-649	-6.5K	-134	121.57	0	8	89
2013-12-06	$26.50	$22.50	37.4%	7.6%	26.5%	15.7%	0.0%	-2.4%	-7.3%	-984	-1.2K	-161	126.09	0	8	89
2013-12-09	$26.18	$22.50	75.1%	15.6%	26.9%	47.5%	0.0%	26.6%	-1.9%	-2.0K	15.0K	-237	143.34	0	8	89
2013-12-10	$25.69	$22.50	34.7%	7.2%	27.7%	13.4%	0.0%	-0.3%	2.3%	-1.5K	3.7K	-176	131.65	0	8	89
2013-12-11	$25.53	$22.50	33.1%	6.9%	27.7%	12.0%	0.0%	-1.9%	3.6%	-1.5K	4.6K	-173	125.42	0	8	89
2013-12-12	$25.63	$22.50	25.0%	7.2%	27.7%	5.2%	0.0%	-2.3%	-0.8%	-1.5K	4.7K	-171	128.21	0	8	89
2013-12-13	$25.43	$22.50	28.4%	8.1%	27.8%	8.1%	0.0%	-4.0%	0.1%	-2.0K	8.4K	-192	139.71	0	8	89
2013-12-16	$25.74	$22.50	28.8%	8.2%	27.2%	8.4%	0.0%	4.0%	2.2%	-1.6K	6.2K	-175	141.71	0	8	89
2013-12-17	$25.78	$22.50	67.8%	19.4%	27.1%	41.3%	0.0%	6.2%	-22.3%	-2.1K	29.8K	-268	149.03	0	8	89
2013-12-18	$26.00	$22.50	66.3%	19.0%	25.4%	40.1%	0.0%	81.9%	-11.3%	-2.2K	23.5K	-244	148.00	0	8	89
2013-12-19	$26.05	$22.50	33.1%	9.5%	23.4%	12.0%	0.0%	-4.6%	-19.2%	-1.4K	1.2K	-160	139.03	0	8	89
2013-12-20	$27.49	$22.50	43.7%	12.5%	30.1%	21.0%	0.0%	8.0%	-30.7%	-892	-2.3K	-147	146.78	0	8	89
2013-12-23	$28.00	$22.50	36.0%	10.3%	30.4%	14.5%	0.0%	9.4%	-4.7%	-55	-15.0K	-56	139.28	0	8	89
2013-12-24	$27.69	$22.50	42.7%	12.2%	29.6%	20.1%	0.0%	5.2%	-4.2%	-789	-5.6K	-133	146.18	0	8	89
2013-12-26	$28.99	$22.50	33.6%	9.6%	33.4%	12.4%	0.0%	9.7%	0.7%	-83	-13.7K	-96	138.56	0	8	89
2013-12-27	$28.37	$22.50	36.6%	10.5%	33.9%	15.0%	0.0%	4.9%	-10.0%	-197	-11.7K	-105	134.52	0	8	89
2013-12-30	$27.76	$22.50	94.2%	27.0%	33.9%	63.6%	0.0%	3.1%	-45.2%	-1.7K	14.6K	-203	143.82	1	8	89
2013-12-31	$28.10	$22.50	56.2%	16.1%	34.0%	31.5%	0.0%	7.7%	-10.3%	-725	-9.9K	-123	141.69	0	9	89