KNOP Options History — April 2015

In April 2015, KNOP traded between $24.15 and $26.07. ATM implied volatility averaged 29.7%, placing in the 9.5% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 3.1% (HV 20d: 26.6%). Max pain ranged from $22.50 to $22.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 2.14.

Notable Days

2015-04-29: Highest Volume — 354 contracts
2015-04-20: Largest IV spike — 44.6% change
2015-04-20: Highest IV Rank — 14.6%
2015-04-20: Largest Expected Move — 10.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$25.02	$24.15	$26.07	$24.15	$24.44
Max Pain	$22.50	$22.50	$22.50	$22.50	$22.50
ATM IV	29.7%	24.2%	37.1%	28.3%	29.8%
Expected Move	8.5%	6.9%	10.7%	8.1%	8.6%
HV 20d	26.6%	17.9%	37.6%	37.6%	24.8%
HV 60d	36.6%	30.9%	44.4%	44.4%	32.3%
IV Rank	9.5%	5.8%	14.6%	8.6%	9.6%
IV Percentile	47.1%	20.6%	75.8%	40.5%	50.4%
Term Structure	-0.7%	-9.7%	7.2%	4.2%	-3.0%
VWIV	28.5%	28.5%	28.5%	28.5%	28.5%
Skew 25d	3.7%	-5.3%	14.3%	-2.7%	-2.8%
Skew 10d	4.8%	-4.7%	25.0%	-4.7%	-3.8%
Call IV 25d	34.6%	26.2%	39.9%	37.4%	38.2%
Put IV 25d	38.3%	28.3%	53.5%	34.7%	35.4%
Bid-Ask Spread %	119.07	101.64	124.52	120.57	123.43
Gamma HHI	0.52	0.38	0.73	0.43	0.55
Net GEX	12.6K	1.1K	20.7K	18.6K	6.7K
Net DEX	-37.9K	-205.6K	204.2K	-108.8K	159.5K
Net VEX	-1.4K	-1.7K	-749	-1.4K	-1.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.14	1.02	3.00	2.75	1.02
Total Volume	258.952	0	354	225	354
Total OI	506.238	301	559	559	492

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
2015-04-01	$24.15	$22.50	28.3%	8.1%	37.6%	8.6%	28.5%	-2.7%	4.2%	18.6K	-108.8K	-1.4K	2.75	120.57	60	165	326	233
2015-04-02	$24.42	$0.00	28.0%	7.8%	36.6%	8.4%	0.0%	4.2%	1.5%	17.9K	-146.8K	-1.4K	2.75	119.80	60	165	326	233
2015-04-06	$24.31	$0.00	31.9%	9.0%	34.9%	11.1%	0.0%	3.1%	-0.3%	18.0K	-113.2K	-1.4K	3.00	120.52	55	165	326	233
2015-04-07	$24.26	$0.00	31.0%	8.9%	33.6%	10.4%	0.0%	1.0%	-2.2%	20.0K	-89.5K	-1.3K	3.00	117.35	55	165	325	233
2015-04-08	$24.65	$0.00	24.3%	7.0%	33.7%	5.9%	0.0%	2.1%	7.2%	20.7K	-162.9K	-1.2K	0.00	123.75	0	0	310	233
2015-04-09	$24.81	$0.00	29.6%	8.5%	33.3%	9.5%	0.0%	10.6%	0.4%	18.7K	-172.5K	-1.3K	3.00	114.52	55	165	325	233
2015-04-10	$24.80	$0.00	30.2%	8.7%	33.3%	9.9%	0.0%	6.0%	-0.4%	17.0K	-135.9K	-1.3K	3.00	119.26	55	165	305	233
2015-04-13	$24.88	$0.00	28.1%	8.0%	30.8%	8.4%	0.0%	6.6%	1.8%	17.0K	-163.2K	-1.3K	2.89	123.05	57	165	305	233
2015-04-14	$24.99	$0.00	30.4%	8.7%	28.3%	10.0%	0.0%	5.2%	-1.3%	18.4K	-160.4K	-1.2K	2.89	123.01	57	165	305	233
2015-04-15	$25.49	$0.00	24.2%	6.9%	21.6%	5.8%	0.0%	7.3%	3.1%	15.6K	-205.6K	-1.1K	2.89	123.01	57	165	305	233
2015-04-16	$24.93	$0.00	28.5%	8.2%	22.5%	8.7%	0.0%	8.1%	1.3%	17.7K	-146.5K	-1.2K	2.95	120.14	56	165	305	233
2015-04-17	$24.93	$0.00	25.7%	7.4%	22.5%	6.8%	0.0%	-2.5%	2.7%	3.0K	-107.3K	-749	2.66	124.22	62	165	307	233
2015-04-20	$25.21	$0.00	37.1%	10.7%	22.4%	14.6%	0.0%	6.7%	-8.5%	1.1K	204.2K	-1.1K	1.60	101.64	112	179	108	193
2015-04-21	$25.25	$0.00	27.4%	7.9%	21.4%	8.0%	0.0%	9.1%	4.5%	4.8K	138.0K	-1.6K	1.63	120.38	110	179	191	242
2015-04-22	$25.41	$0.00	30.2%	8.7%	19.4%	9.9%	0.0%	-3.1%	-3.5%	4.5K	125.6K	-1.6K	1.56	124.14	115	179	191	242
2015-04-23	$26.00	$0.00	24.7%	7.1%	20.6%	6.1%	0.0%	12.1%	-0.5%	9.3K	53.5K	-1.2K	1.03	116.18	174	179	196	242
2015-04-24	$26.07	$0.00	33.7%	9.7%	20.5%	12.3%	0.0%	0.9%	-5.2%	9.2K	15.4K	-1.6K	1.03	109.27	174	179	250	242
2015-04-27	$26.07	$0.00	35.8%	10.3%	17.9%	13.7%	0.0%	-2.7%	-9.7%	8.7K	652	-1.6K	1.03	111.47	174	179	250	242
2015-04-28	$25.76	$0.00	28.8%	8.3%	17.9%	9.0%	0.0%	14.3%	-0.8%	11.6K	58.5K	-1.4K	1.03	124.52	174	179	250	242
2015-04-29	$24.52	$0.00	35.4%	10.1%	25.3%	13.4%	0.0%	-5.3%	-5.6%	5.9K	161.4K	-1.7K	1.02	120.16	175	179	250	242
2015-04-30	$24.44	$0.00	29.8%	8.6%	24.8%	9.6%	0.0%	-2.8%	-3.0%	6.7K	159.5K	-1.6K	1.02	123.43	175	179	250	242