KNOP Options History — December 2014

In December 2014, KNOP traded between $19.07 and $23.42. ATM implied volatility averaged 42.9%, placing in the 18.6% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded below realized volatility by 15.7% (HV 20d: 58.6%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 4 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 2.33.

Notable Days

  • 2014-12-18: Highest Volume — 256 contracts
  • 2014-12-02: Largest IV spike — 22.5% change
  • 2014-12-10: Highest IV Rank — 28.0%
  • 2014-12-18: Largest Expected Move — 11.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.12$19.07$23.42$21.11$22.24
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV42.9%31.9%56.7%31.9%42.0%
Expected Move9.5%7.5%11.1%8.9%9.7%
HV 20d58.6%52.0%67.3%57.8%67.3%
HV 60d54.0%49.1%61.4%49.1%61.4%
IV Rank18.6%11.1%28.0%11.1%18.0%
IV Percentile72.1%54.4%81.3%54.4%71.8%
Term Structure-5.1%-14.1%5.0%-4.6%-8.4%
VWIV32.3%28.4%36.4%28.9%35.7%
Skew 25d3.4%-9.8%28.1%-6.0%5.1%
Skew 10d8.3%-11.7%30.1%7.1%19.8%
Call IV 25d40.8%27.4%51.6%45.0%35.4%
Put IV 25d44.2%35.2%55.5%38.9%40.6%
Bid-Ask Spread %117.65110.38128.57110.38122.89
Gamma HHI0.370.310.490.420.49
Net GEX-1.7K-6.7K1.3K804-6.7K
Net DEX303.7K269.0K362.7K274.6K362.7K
Net VEX-473-754-234-462-703
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.331.444.791.444.79
Total Volume194.59102562494
Total OI406.182367430406418

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-12-01$21.11$25.0031.9%8.9%57.8%11.1%28.9%-6.0%-4.6%804274.6K-4621.44110.38102147244162
2014-12-02$21.03$25.0039.1%8.8%56.8%16.0%29.1%2.8%-5.5%374284.2K-4251.50113.27102153244162
2014-12-03$22.05$25.0037.0%8.4%59.0%14.5%28.4%12.1%-7.2%444291.3K-5611.50111.34102153244170
2014-12-04$21.64$25.0038.3%8.3%59.2%15.4%0.0%0.5%-4.5%1.3K269.0K-6140.00118.5600244170
2014-12-05$21.03$25.0040.7%8.9%59.1%17.0%28.9%2.0%0.1%-1.3K302.6K-4131.53124.35100153244170
2014-12-08$19.82$25.0049.2%8.7%54.6%22.8%32.5%-5.4%-4.2%-1.8K309.0K-2881.47119.3799146246170
2014-12-09$20.10$25.0047.0%8.9%53.1%21.4%31.5%-4.8%-5.2%-1.6K316.5K-2341.47116.5499146246170
2014-12-10$19.86$25.0056.7%8.4%52.0%28.0%32.4%-9.8%-10.4%-1.5K306.3K-2801.48127.2699147246170
2014-12-11$20.79$25.0045.4%9.9%55.2%20.2%32.9%1.2%-6.1%-1.4K301.2K-3911.48115.6199147246171
2014-12-12$20.38$25.0046.2%10.4%55.5%20.8%35.5%-5.4%-7.6%-1.7K303.7K-3721.48112.1899147246171
2014-12-15$20.20$25.0047.1%10.2%55.5%21.4%32.6%-5.0%-6.9%-1.6K305.9K-3421.48117.9899147246171
2014-12-16$19.07$25.0047.4%10.3%58.5%21.6%36.4%-2.4%-4.2%-1.2K294.6K-3021.48114.4299147246171
2014-12-17$20.20$25.0047.1%10.4%62.1%21.4%34.4%5.7%-8.5%-1.5K302.0K-3561.48113.2199147246171
2014-12-18$20.49$25.0046.3%11.1%60.6%20.9%33.3%5.4%-2.2%-1.3K299.2K-3831.53111.39101155246171
2014-12-19$21.38$25.0040.0%7.5%57.8%16.6%35.7%7.0%-6.3%-1.0K293.0K-5450.00124.37022249181
2014-12-22$22.07$0.0035.7%8.8%59.2%13.7%0.0%11.5%-2.9%-3.3K313.6K-5644.28118.7936154184183
2014-12-23$22.34$0.0034.9%10.4%57.9%13.1%0.0%15.3%-0.8%-2.7K304.3K-5854.53116.6036163184183
2014-12-24$22.21$0.0041.2%10.2%57.9%17.4%0.0%10.8%-6.1%-3.7K318.7K-6244.53116.6136163184198
2014-12-26$21.30$0.0050.1%10.2%57.8%23.5%0.0%2.1%-14.1%-2.2K318.1K-5234.53119.9736163184198
2014-12-29$23.42$0.0040.4%10.5%65.6%16.8%0.0%28.1%5.0%-1.9K278.0K-7544.79114.7238182184198
2014-12-30$22.02$0.0041.2%9.0%67.3%17.4%0.0%3.4%-1.6%-3.8K333.9K-6850.00128.57014186218
2014-12-31$22.24$0.0042.0%9.7%67.3%18.0%0.0%5.1%-8.4%-6.7K362.7K-7030.00122.8904186232