KNOP Options History — June 2014

In June 2014, KNOP traded between $26.77 and $29.89. ATM implied volatility averaged 27.2%, placing in the 5.6% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 2.9% (HV 20d: 24.2%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.64.

Notable Days

2014-06-25: Highest Volume — 86 contracts
2014-06-12: Largest IV drop — 46.7% change
2014-06-10: Highest IV Rank — 17.9%
2014-06-04: Largest Expected Move — 9.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$27.84	$26.77	$29.89	$28.00	$28.30
Max Pain	$27.94	$25.00	$30.00	$25.00	$30.00
ATM IV	27.2%	17.7%	45.1%	32.5%	20.5%
Expected Move	7.2%	5.1%	9.8%	9.3%	5.9%
HV 20d	24.2%	18.7%	32.6%	19.5%	32.0%
HV 60d	23.3%	20.8%	26.8%	20.8%	26.7%
IV Rank	5.6%	0.0%	17.9%	9.0%	2.0%
IV Percentile	22.4%	0.0%	68.7%	42.1%	3.2%
Term Structure	-1.8%	-8.5%	11.7%	-2.9%	4.0%
VWIV	24.6%	24.6%	24.6%	24.6%	24.6%
Skew 25d	2.8%	-34.6%	15.1%	15.1%	11.9%
Skew 10d	3.3%	-55.4%	25.8%	8.3%	11.2%
Call IV 25d	25.9%	14.7%	67.2%	21.9%	19.7%
Put IV 25d	28.7%	19.1%	36.9%	36.9%	31.6%
Bid-Ask Spread %	114.42	108.33	127.73	119.48	109.88
Gamma HHI	0.63	0.45	0.91	0.58	0.91
Net GEX	2.2K	-883	13.3K	646	13.1K
Net DEX	-13.4K	-113.2K	30.5K	-3.6K	-112.9K
Net VEX	-240	-887	-89	-118	-875
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.64	0.00	5.00	0.00	0.00
Total Volume	10	0	86	0	4
Total OI	63.81	23	219	24	219

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	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2014-06-02	$28.00	$0.00	32.5%	9.3%	19.5%	9.0%	0.0%	15.1%	-2.9%	646	-3.6K	-118	0.00	119.48	0	0	14	10
2014-06-03	$27.85	$0.00	30.7%	8.8%	19.0%	7.8%	0.0%	4.6%	-6.6%	691	-3.4K	-128	0.00	113.36	0	0	14	10
2014-06-04	$27.49	$0.00	34.1%	9.8%	18.8%	10.2%	0.0%	2.2%	-8.4%	624	587	-112	0.00	114.43	0	1	14	10
2014-06-05	$26.77	$0.00	32.4%	9.3%	21.2%	8.9%	0.0%	-0.4%	-8.5%	211	4.1K	-97	0.00	113.19	0	0	14	9
2014-06-06	$26.77	$25.00	32.1%	8.1%	21.2%	8.7%	0.0%	2.1%	-2.5%	147	4.7K	-94	0.00	114.09	0	0	14	9
2014-06-09	$27.20	$25.00	34.0%	7.0%	21.7%	10.1%	0.0%	3.3%	0.2%	448	3.0K	-99	0.00	114.11	0	0	14	9
2014-06-10	$27.01	$25.00	45.1%	8.1%	20.7%	17.9%	0.0%	-2.8%	-6.7%	437	2.3K	-102	0.00	117.63	0	0	14	9
2014-06-11	$27.13	$25.00	39.8%	7.5%	20.7%	14.2%	0.0%	0.6%	-1.5%	423	3.0K	-97	0.00	115.04	1	0	14	9
2014-06-12	$27.00	$25.00	21.2%	6.1%	20.1%	1.1%	0.0%	-1.1%	-3.1%	46	4.8K	-89	0.00	113.65	0	0	14	9
2014-06-13	$27.11	$25.00	24.7%	7.1%	18.7%	3.5%	0.0%	1.2%	-0.8%	307	3.5K	-94	0.00	113.59	0	0	14	9
2014-06-16	$27.99	$25.00	24.7%	7.1%	22.0%	3.5%	24.6%	-0.8%	-3.9%	813	-2.1K	-106	5.00	113.56	4	20	14	9
2014-06-17	$27.45	$30.00	26.1%	7.5%	23.1%	4.5%	0.0%	1.1%	-4.3%	-883	30.5K	-129	0.00	114.50	6	0	18	29
2014-06-18	$28.30	$30.00	24.9%	7.1%	24.4%	3.7%	0.0%	6.8%	-2.5%	-341	7.1K	-181	0.00	122.22	6	0	24	29
2014-06-19	$28.40	$30.00	24.0%	6.9%	24.3%	3.0%	0.0%	5.6%	-3.0%	-401	10.9K	-167	0.00	113.59	0	0	22	29
2014-06-20	$28.87	$30.00	22.8%	6.5%	24.7%	2.2%	0.0%	7.1%	-2.0%	-282	4.4K	-165	0.00	115.82	0	0	22	29
2014-06-23	$29.89	$30.00	26.3%	7.5%	26.8%	4.6%	0.0%	-34.6%	-1.1%	-67	-10.5K	-165	0.00	127.73	0	0	22	29
2014-06-24	$28.43	$30.00	18.3%	5.2%	32.3%	0.0%	0.0%	8.7%	11.7%	-385	15.4K	-142	0.10	108.78	70	7	22	29
2014-06-25	$28.16	$30.00	19.2%	5.5%	32.6%	0.6%	0.0%	6.9%	4.7%	4.9K	-36.9K	-389	0.00	109.21	86	0	92	36
2014-06-26	$28.20	$30.00	17.7%	5.1%	32.6%	0.0%	0.0%	9.2%	-0.8%	12.1K	-92.4K	-799	0.00	108.33	5	0	178	36
2014-06-27	$28.34	$30.00	19.3%	5.5%	32.6%	1.1%	0.0%	12.2%	-0.8%	13.3K	-113.2K	-887	0.00	110.63	0	0	183	36
2014-06-30	$28.30	$30.00	20.5%	5.9%	32.0%	2.0%	0.0%	11.9%	4.0%	13.1K	-112.9K	-875	0.00	109.88	4	0	183	36