KNOP Options History — March 2014

In March 2014, KNOP traded between $27.87 and $28.92. ATM implied volatility averaged 73.4%, placing in the 46.0% IV rank vs the trailing year. The 30-day expected move averaged 18.9%. IV traded above realized volatility by 55.1% (HV 20d: 18.4%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2014-03-07: Highest Volume — 1 contracts
  • 2014-03-06: Largest IV spike — 232.5% change
  • 2014-03-12: Highest IV Rank — 92.1%
  • 2014-03-06: Largest Expected Move — 29.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.55$27.87$28.92$28.64$28.60
Max Pain$22.98$22.50$25.00$25.00$22.50
ATM IV73.4%26.9%128.1%30.1%41.3%
Expected Move18.9%7.7%29.3%8.6%11.8%
HV 20d18.4%11.5%24.6%24.3%12.3%
HV 60d23.5%19.1%26.6%26.5%19.1%
IV Rank46.0%6.8%92.1%9.6%19.0%
IV Percentile84.9%25.5%99.5%40.0%71.1%
Term Structure-33.4%-66.2%3.5%-9.8%-18.8%
Skew 25d2.9%-111.3%29.4%5.3%16.0%
Skew 10d-2.0%-111.5%75.8%-1.7%7.7%
Call IV 25d74.3%23.0%139.8%30.5%33.0%
Put IV 25d77.2%22.3%128.6%35.9%49.1%
Bid-Ask Spread %134.13119.23189.23122.74119.23
Gamma HHI0.450.330.670.420.58
Net GEX-153-836580-296580
Net DEX-51.9K-106.7K-5.1K-84.5K-16.2K
Net VEX-222-362-119-253-138
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.0480100
Total OI104.6193213413332

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-03-03$28.64$25.0030.1%8.6%24.3%9.6%0.0%5.3%-9.8%-296-84.5K-2530.00122.74004885
2014-03-04$28.92$25.0026.9%7.7%24.4%6.8%0.0%15.3%3.5%-106-96.7K-2100.00120.81004885
2014-03-05$28.85$25.0030.7%8.8%24.2%10.0%0.0%2.3%-5.0%-283-88.9K-2290.00123.09004885
2014-03-06$28.70$25.00102.2%29.3%24.4%70.3%0.0%-111.3%-46.0%-484-33.0K-3620.00127.92004885
2014-03-07$28.60$22.50105.6%17.9%24.6%73.2%0.0%22.8%-39.1%-817-29.4K-3480.00137.52104885
2014-03-10$28.65$22.5045.4%14.7%23.4%22.4%0.0%-51.4%-52.7%-459-72.0K-2660.00131.30004985
2014-03-11$28.75$22.50123.2%18.8%23.1%87.9%0.0%24.8%-44.1%-630-28.5K-3270.00135.29004985
2014-03-12$28.54$22.50128.1%19.0%22.7%92.1%0.0%16.1%-23.7%-753-30.5K-2380.00127.92004985
2014-03-13$28.88$22.5067.1%19.2%19.9%40.7%0.0%25.1%-46.1%-365-28.6K-3170.00133.64004985
2014-03-14$28.90$22.5068.0%19.5%19.6%41.5%0.0%26.1%-41.7%-836-51.4K-2860.00139.32004985
2014-03-17$28.75$22.5071.1%20.4%19.8%44.1%0.0%21.7%-27.0%-490-93.0K-2150.00125.09004985
2014-03-18$28.78$22.5061.2%17.5%19.4%35.7%0.0%23.9%-27.9%-446-85.7K-1860.00139.82004985
2014-03-19$28.46$22.5073.6%21.1%20.1%46.1%0.0%3.0%-38.1%-321-95.8K-1970.00131.78004985
2014-03-20$28.49$22.5074.8%21.4%12.2%47.2%0.0%28.4%-43.8%244-106.7K-1760.00142.27004985
2014-03-21$28.19$22.5076.2%21.8%12.1%48.4%0.0%-11.9%-55.9%302-97.2K-1620.00134.94004985
2014-03-24$28.18$22.5078.0%22.4%11.8%49.9%0.0%-12.7%-27.3%464-5.1K-1190.00132.75001715
2014-03-25$28.00$22.5082.1%23.5%12.0%53.4%0.0%29.4%-29.0%269-8.6K-1430.00144.05001715
2014-03-26$27.87$22.5083.9%24.0%11.5%54.8%0.0%9.6%-66.2%399-14.2K-1640.00189.23001715
2014-03-27$28.40$22.5085.4%24.5%11.8%56.1%0.0%-7.2%-30.6%482-11.0K-1520.00127.23001715
2014-03-28$28.31$22.5087.4%25.1%11.8%57.8%0.0%-13.7%-32.5%325-12.8K-1670.00130.77001715
2014-03-31$28.60$22.5041.3%11.8%12.3%19.0%0.0%16.0%-18.8%580-16.2K-1380.00119.23001715