KNOP Options History — November 2014

In November 2014, KNOP traded between $21.63 and $23.38. ATM implied volatility averaged 30.6%, placing in the 10.1% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded below realized volatility by 26.2% (HV 20d: 56.8%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 0.46.

Notable Days

2014-11-25: Highest Volume — 249 contracts
2014-11-20: Largest IV spike — 62.7% change
2014-11-20: Highest IV Rank — 17.2%
2014-11-28: Largest Expected Move — 8.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$22.59	$21.63	$23.38	$23.20	$22.12
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	30.6%	25.1%	40.8%	28.8%	27.2%
Expected Move	8.0%	7.1%	8.6%	8.3%	8.6%
HV 20d	56.8%	48.0%	66.1%	62.2%	56.3%
HV 60d	43.5%	38.9%	48.4%	38.9%	48.4%
IV Rank	10.1%	6.4%	17.2%	8.9%	7.9%
IV Percentile	46.4%	27.8%	70.6%	38.1%	35.7%
Term Structure	-0.1%	-14.9%	5.5%	-0.6%	1.0%
VWIV	26.9%	24.4%	29.7%	24.4%	28.1%
Skew 25d	6.2%	-0.4%	14.5%	-0.4%	3.6%
Skew 10d	7.2%	-0.1%	16.7%	-0.1%	4.4%
Call IV 25d	30.0%	21.5%	38.3%	38.3%	30.1%
Put IV 25d	36.2%	29.7%	40.4%	37.8%	33.7%
Bid-Ask Spread %	115.06	100.22	123.51	108.27	121.71
Gamma HHI	0.52	0.38	0.66	0.66	0.38
Net GEX	3.5K	116	7.9K	7.9K	116
Net DEX	68.5K	-22.2K	286.2K	-22.2K	286.2K
Net VEX	-496	-701	-297	-689	-524
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.46	0.27	1.44	0.37	1.44
Total Volume	164.263	0	249	234	0
Total OI	315	214	406	304	406

Daily Data (19 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
2014-11-03	$23.20	$25.00	28.8%	8.3%	62.2%	8.9%	24.4%	-0.4%	-0.6%	7.9K	-22.2K	-689	0.37	108.27	171	63	244	60
2014-11-04	$22.54	$25.00	29.3%	8.0%	62.8%	9.2%	26.6%	1.6%	1.2%	3.3K	33.6K	-521	0.37	111.20	171	63	240	60
2014-11-05	$22.31	$25.00	30.9%	8.0%	62.7%	10.4%	26.4%	1.7%	-1.1%	3.3K	28.1K	-535	0.38	111.69	174	66	240	60
2014-11-06	$21.63	$25.00	31.6%	7.1%	59.5%	10.8%	25.8%	5.1%	0.8%	2.1K	45.8K	-459	0.38	109.84	174	66	241	61
2014-11-07	$23.38	$25.00	33.7%	7.5%	66.1%	12.3%	25.7%	13.1%	-2.5%	7.4K	-7.7K	-633	0.38	114.28	174	66	242	61
2014-11-10	$22.31	$25.00	33.0%	8.1%	63.5%	11.8%	28.8%	11.1%	2.5%	3.1K	31.0K	-523	0.37	100.22	174	65	242	61
2014-11-11	$22.84	$25.00	31.9%	7.9%	62.5%	11.1%	26.6%	14.5%	4.1%	1.4K	45.2K	-297	0.37	114.60	174	65	166	48
2014-11-12	$22.56	$25.00	33.1%	7.8%	61.6%	11.9%	26.0%	3.3%	-1.7%	3.2K	40.2K	-464	0.37	111.28	174	65	242	62
2014-11-13	$22.45	$25.00	26.2%	8.2%	58.3%	7.1%	28.0%	6.3%	5.5%	3.5K	43.9K	-438	0.27	118.94	174	47	242	62
2014-11-14	$22.38	$25.00	28.2%	8.5%	48.8%	8.6%	0.0%	1.9%	0.1%	2.3K	49.2K	-427	0.00	123.51	0	0	241	62
2014-11-17	$22.43	$25.00	26.5%	7.8%	48.5%	7.3%	27.6%	9.5%	0.4%	2.4K	52.7K	-392	0.42	122.48	113	47	242	62
2014-11-18	$22.95	$25.00	27.9%	8.0%	48.0%	8.3%	26.8%	4.6%	2.2%	3.5K	39.4K	-412	0.42	118.69	113	47	246	62
2014-11-19	$21.90	$25.00	25.1%	7.1%	50.4%	6.4%	0.0%	1.1%	0.7%	1.8K	60.6K	-364	0.00	117.17	0	0	245	62
2014-11-20	$23.35	$25.00	40.8%	8.2%	54.0%	17.2%	26.3%	11.6%	-14.9%	6.9K	-7.2K	-551	0.46	116.28	102	47	245	62
2014-11-21	$23.20	$25.00	31.3%	8.5%	52.2%	10.6%	27.3%	7.1%	-0.6%	5.1K	15.3K	-474	0.42	115.85	111	47	246	62
2014-11-24	$22.34	$25.00	32.6%	8.4%	53.4%	11.5%	29.7%	5.3%	0.7%	4.1K	36.5K	-401	0.00	118.04	0	119	244	52
2014-11-25	$22.23	$25.00	31.1%	8.1%	53.4%	10.5%	28.1%	4.7%	-1.5%	1.1K	273.3K	-622	1.44	109.42	102	147	244	162
2014-11-26	$23.11	$25.00	31.3%	7.9%	54.5%	10.7%	0.0%	12.6%	2.4%	3.8K	257.6K	-701	0.00	122.58	0	0	244	162
2014-11-28	$22.12	$25.00	27.2%	8.6%	56.3%	7.9%	0.0%	3.6%	1.0%	116	286.2K	-524	0.00	121.71	0	0	244	162