KNOP Options History — May 2014

In May 2014, KNOP traded between $26.60 and $27.56. ATM implied volatility averaged 55.3%, placing in the 28.8% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded above realized volatility by 29.0% (HV 20d: 26.3%). Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 4 of 21 days.

Notable Days

  • 2014-05-19: Highest Volume — 18 contracts
  • 2014-05-05: Largest IV spike — 245.7% change
  • 2014-05-14: Highest IV Rank — 100.0%
  • 2014-05-01: Largest Expected Move — 32.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.07$26.60$27.56$27.22$27.49
ATM IV55.3%22.8%162.3%113.9%29.4%
Expected Move10.9%6.5%32.6%32.6%8.4%
HV 20d26.3%18.7%28.7%28.3%18.7%
HV 60d21.3%19.8%22.7%22.5%20.4%
IV Rank28.8%2.8%100.0%80.1%6.8%
IV Percentile55.2%6.7%100.0%98.0%28.6%
Term Structure-4.6%-26.1%20.6%-26.1%-4.1%
Skew 25d3.5%-22.6%15.2%11.8%6.3%
Skew 10d8.4%-31.7%43.6%7.2%7.9%
Call IV 25d39.4%19.7%146.7%146.7%23.5%
Put IV 25d42.9%21.2%158.5%158.5%29.8%
Bid-Ask Spread %121.93108.69141.43139.49114.78
Gamma HHI0.530.450.600.510.55
Net GEX335-45548159421
Net DEX90-8.7K5.2K-8.7K2.1K
Net VEX-114-143-91-143-104
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.85701800
Total OI2424242424

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-05-01$27.22$0.00113.9%32.6%28.3%80.1%0.0%11.8%-26.1%159-8.7K-1430.00139.49001410
2014-05-02$27.47$0.0038.2%10.9%28.4%16.3%0.0%0.4%-16.0%413-462-1070.00127.57001410
2014-05-05$27.12$0.00131.9%12.6%28.7%95.4%0.0%-22.6%7.0%425-5.5K-1340.00136.48001410
2014-05-06$26.72$0.0041.2%8.8%27.9%18.9%0.0%11.1%-8.4%363381-1070.00113.02001410
2014-05-07$26.85$0.0072.9%14.1%27.8%45.6%0.0%15.2%-18.4%355-500-1230.00131.70001410
2014-05-08$26.89$0.0064.1%10.9%27.7%38.2%0.0%4.5%-9.2%2961.3K-1100.00127.83001410
2014-05-09$27.15$0.0043.3%8.6%27.7%20.6%0.0%9.6%-4.3%1183.2K-930.00113.46001410
2014-05-12$26.65$0.0083.7%11.2%28.2%54.7%0.0%6.9%-1.3%-455.2K-910.00129.60001410
2014-05-13$26.60$0.0080.0%9.3%28.0%51.6%0.0%4.9%-1.8%1663.3K-1010.00128.23001410
2014-05-14$27.00$0.00162.3%16.0%28.6%100.0%0.0%-10.4%-16.6%220-1.6K-1190.00140.85001410
2014-05-15$27.56$0.0047.6%13.6%26.0%20.0%0.0%0.7%20.6%293-5.0K-1270.00141.43001410
2014-05-16$27.45$0.0027.3%7.8%25.6%5.9%0.0%0.8%-3.0%486-3.1K-1170.00112.32001410
2014-05-19$27.30$0.0030.9%8.8%25.2%8.4%0.0%11.5%-0.7%491-1.2K-1120.00110.810181410
2014-05-20$26.82$0.0030.3%8.7%25.9%8.0%0.0%4.1%3.6%4102.3K-1150.00108.69001410
2014-05-21$26.73$0.0029.6%8.5%25.9%7.5%0.0%8.1%-2.6%2563.8K-1080.00109.52001410
2014-05-22$26.75$0.0022.8%6.5%25.7%2.8%0.0%-1.5%-2.7%3193.0K-1060.00109.80001410
2014-05-23$26.62$0.0026.1%7.5%25.3%5.1%0.0%-3.3%-2.9%3043.5K-1100.00112.11001410
2014-05-27$27.30$0.0026.2%7.5%27.2%5.2%0.0%7.1%-1.8%5331.2K-1190.00117.69001410
2014-05-28$27.37$0.0024.4%7.0%24.3%3.9%0.0%7.7%0.0%50823-1220.00116.05001410
2014-05-29$27.40$0.0034.8%10.0%21.7%10.7%0.0%0.3%-8.8%548-1.3K-1220.00119.19001410
2014-05-30$27.49$0.0029.4%8.4%18.7%6.8%0.0%6.3%-4.1%4212.1K-1040.00114.78001410