KNOP Options History — September 2014

In September 2014, KNOP traded between $24.97 and $28.20. ATM implied volatility averaged 23.6%, placing in the 5.4% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 5.1% (HV 20d: 18.5%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2014-09-03: Highest Volume — 40 contracts
  • 2014-09-11: Largest IV drop — 41.8% change
  • 2014-09-10: Highest IV Rank — 13.1%
  • 2014-09-22: Largest Expected Move — 6.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.53$24.97$28.20$28.20$24.97
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV23.6%19.3%34.9%19.4%24.8%
Expected Move5.7%4.3%6.4%5.2%5.9%
HV 20d18.5%16.4%20.8%19.8%19.6%
HV 60d21.4%18.7%23.3%23.3%19.9%
IV Rank5.4%2.4%13.1%2.5%6.2%
IV Percentile19.2%5.6%57.9%5.6%25.8%
Term Structure-0.4%-3.8%6.2%6.2%-3.7%
Skew 25d3.0%-6.4%29.8%18.8%-4.5%
Skew 10d6.2%-6.3%48.4%24.0%-5.3%
Call IV 25d24.8%15.9%35.2%15.9%35.2%
Put IV 25d27.8%17.3%56.7%34.7%30.7%
Bid-Ask Spread %128.75102.98137.48127.49137.48
Gamma HHI0.840.630.990.990.63
Net GEX14.0K1.4K35.8K35.8K1.4K
Net DEX-62.6K-192.6K11.4K-190.1K11.4K
Net VEX-683-1.4K-273-1.3K-273
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume4.04804000
Total OI405.857373413403406

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-09-02$28.20$25.0019.4%5.2%19.8%2.5%0.0%18.8%6.2%35.8K-190.1K-1.3K0.00127.490037726
2014-09-03$28.12$25.0020.6%5.3%18.5%3.4%0.0%12.6%6.1%34.0K-192.6K-1.4K0.00128.2240037726
2014-09-04$27.75$25.0022.8%5.4%18.3%4.8%0.0%14.9%-0.2%26.4K-121.9K-1.1K0.00127.7730034726
2014-09-05$27.78$25.0021.1%4.3%17.7%3.7%0.0%1.8%1.3%28.4K-130.8K-1.1K0.00102.9810037726
2014-09-08$27.77$25.0026.4%5.3%17.7%7.3%0.0%6.7%-1.2%30.2K-143.3K-1.1K0.00125.970038726
2014-09-09$27.94$25.0032.4%5.3%17.3%11.4%0.0%4.2%-3.8%34.0K-178.2K-1.3K0.00121.100038726
2014-09-10$27.97$25.0034.9%5.2%16.4%13.1%0.0%8.4%-0.8%34.3K-164.1K-1.2K0.00127.450038526
2014-09-11$27.53$25.0020.3%5.3%17.9%3.2%0.0%3.4%-2.1%25.2K-109.3K-9700.00126.780038526
2014-09-12$26.44$25.0019.3%6.0%20.8%2.4%0.0%-6.4%-1.6%4.8K-16.2K-4620.00132.590038526
2014-09-15$26.44$25.0022.8%5.9%19.7%4.9%0.0%0.5%-1.3%5.5K-15.1K-4550.00128.210038526
2014-09-16$26.33$25.0023.1%6.3%16.6%5.0%0.0%-0.6%-2.3%4.8K-14.7K-4190.00131.550038526
2014-09-17$26.31$25.0024.9%6.2%16.6%6.3%0.0%-1.7%-3.7%5.5K-17.9K-4660.00134.770038526
2014-09-18$26.11$25.0023.2%6.2%16.7%5.1%0.0%-4.0%-0.0%3.2K-9.1K-4030.00132.530038526
2014-09-19$26.36$25.0023.2%6.1%16.8%5.1%0.0%0.6%-1.1%4.7K-14.2K-4000.00132.570038526
2014-09-22$25.79$25.0022.4%6.4%18.1%4.5%0.0%-5.2%0.5%4.0K-19.5K-4330.00124.800038516
2014-09-23$25.04$25.0023.3%6.0%20.1%5.2%0.0%-2.0%1.4%2.8K-2.4K-3390.00132.490038516
2014-09-24$25.11$25.0021.4%5.9%20.2%3.9%0.0%-6.1%0.1%2.7K-122-3300.00130.740538516
2014-09-25$25.08$25.0022.5%5.8%20.1%4.6%0.0%29.8%0.6%1.9K5.1K-3430.00132.070038521
2014-09-26$25.08$25.0022.9%6.3%20.0%4.9%0.0%-2.1%1.2%1.6K7.1K-3190.00133.640038521
2014-09-29$25.06$25.0024.3%6.2%20.0%5.9%0.0%-5.6%-3.4%2.1K2.1K-3470.00132.530038521
2014-09-30$24.97$25.0024.8%5.9%19.6%6.2%0.0%-4.5%-3.7%1.4K11.4K-2730.00137.480038521