KNOP Options History — August 2015

In August 2015, KNOP traded between $13.20 and $18.31. ATM implied volatility averaged 46.6%, placing in the 35.9% IV rank vs the trailing year. The 30-day expected move averaged 12.8%. IV traded below realized volatility by 26.9% (HV 20d: 73.5%). Max pain ranged from $15.00 to $20.00. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.39.

Notable Days

2015-08-27: Highest Volume — 437 contracts
2015-08-21: Largest IV spike — 30.2% change
2015-08-10: Highest IV Rank — 47.8%
2015-08-25: Largest Expected Move — 15.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$15.88	$13.20	$18.31	$14.72	$18.29
Max Pain	$17.38	$15.00	$20.00	$20.00	$20.00
ATM IV	46.6%	31.4%	56.6%	46.3%	52.5%
Expected Move	12.8%	9.0%	15.9%	13.3%	15.0%
HV 20d	73.5%	54.7%	82.6%	54.7%	72.9%
HV 60d	52.1%	44.2%	57.9%	47.6%	57.8%
IV Rank	35.9%	18.3%	47.8%	35.7%	41.8%
IV Percentile	88.5%	48.8%	97.6%	92.9%	96.0%
Term Structure	-3.4%	-14.9%	11.5%	-2.3%	-6.7%
VWIV	48.3%	36.1%	62.4%	47.0%	41.0%
Skew 25d	4.3%	-8.8%	22.4%	-0.4%	13.9%
Skew 10d	5.3%	-15.6%	23.3%	-0.5%	14.3%
Call IV 25d	45.8%	27.9%	64.5%	46.5%	39.6%
Put IV 25d	50.1%	38.2%	69.1%	46.2%	53.6%
Bid-Ask Spread %	108.15	92.36	124.26	115.28	109.20
Gamma HHI	0.64	0.29	0.90	0.82	0.83
Net GEX	-2.5K	-15.3K	12.9K	-7.1K	12.7K
Net DEX	223.6K	-128.4K	401.4K	347.6K	-112.9K
Net VEX	-759	-2.3K	-116	-364	-2.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.39	0.00	0.71	0.56	0.24
Total Volume	294.429	1	437	5	435
Total OI	722.905	516	970	679	970

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
2015-08-03	$14.72	$20.00	46.3%	13.3%	54.7%	35.7%	0.0%	-0.4%	-2.3%	-7.1K	347.6K	-364	0.00	115.28	0	5	368	311
2015-08-04	$13.77	$20.00	50.0%	14.3%	58.0%	40.0%	47.0%	-2.3%	-6.7%	-4.7K	351.5K	-344	0.56	94.46	194	108	373	316
2015-08-05	$13.20	$20.00	49.7%	14.2%	58.0%	39.6%	51.4%	-8.8%	-6.2%	-2.0K	401.4K	-116	0.56	93.76	194	108	373	320
2015-08-06	$14.41	$15.00	52.7%	9.5%	67.9%	43.2%	36.1%	12.3%	-0.4%	-6.0K	366.7K	-308	0.56	113.51	194	108	373	320
2015-08-07	$15.03	$15.00	45.7%	12.2%	70.3%	35.0%	41.6%	5.5%	-1.8%	-9.2K	342.8K	-396	0.71	106.08	191	136	373	320
2015-08-10	$15.00	$15.00	56.6%	12.6%	70.2%	47.8%	46.8%	-7.0%	-2.4%	-7.5K	339.7K	-352	0.50	102.87	191	95	371	306
2015-08-11	$14.06	$15.00	46.8%	12.1%	72.4%	36.3%	0.0%	-3.1%	-14.9%	-6.2K	365.5K	-264	0.00	115.06	0	1	366	308
2015-08-12	$14.90	$15.00	44.4%	12.7%	75.3%	33.5%	45.0%	2.4%	-2.7%	-8.6K	339.4K	-367	0.50	111.28	191	96	371	309
2015-08-13	$15.33	$15.00	45.6%	13.1%	76.4%	34.8%	47.4%	10.4%	-2.8%	-15.3K	322.1K	-342	0.46	112.54	208	95	371	309
2015-08-14	$16.29	$15.00	37.4%	10.7%	77.3%	25.3%	48.5%	3.4%	-3.3%	-5.8K	281.3K	-597	0.39	118.50	242	95	386	316
2015-08-17	$16.12	$15.00	40.9%	11.7%	77.3%	29.3%	51.9%	1.6%	11.5%	-3.7K	229.1K	-670	0.39	104.51	242	95	439	316
2015-08-18	$15.55	$15.00	40.9%	11.7%	76.5%	29.3%	47.1%	-6.5%	0.3%	-10.6K	249.1K	-618	0.39	108.34	244	95	439	316
2015-08-19	$16.36	$15.00	31.4%	9.0%	79.0%	18.3%	0.0%	10.2%	-2.2%	-3.8K	236.7K	-633	0.00	124.26	19	0	431	316
2015-08-20	$16.64	$15.00	35.9%	10.3%	78.2%	23.6%	46.0%	10.4%	-4.6%	-721	215.3K	-681	0.46	109.07	208	95	436	316
2015-08-21	$16.00	$20.00	46.8%	13.4%	79.4%	36.2%	54.7%	7.0%	0.3%	-208	245.8K	-559	0.46	105.32	208	95	429	316
2015-08-24	$17.08	$20.00	47.2%	13.5%	82.4%	36.7%	60.0%	13.0%	-5.0%	-872	164.3K	-769	0.29	111.19	296	85	328	188
2015-08-25	$17.45	$20.00	55.3%	15.9%	82.6%	45.3%	62.4%	22.4%	-6.8%	4.2K	50.6K	-1.3K	0.29	92.36	297	85	505	188
2015-08-26	$17.00	$20.00	53.2%	15.2%	79.9%	42.8%	38.4%	8.9%	-6.3%	3.9K	82.7K	-1.2K	0.28	107.79	291	82	511	178
2015-08-27	$17.97	$20.00	51.0%	14.6%	77.8%	40.3%	54.2%	-3.6%	-7.4%	5.6K	4.7K	-1.5K	0.23	108.59	356	81	561	178
2015-08-28	$18.31	$20.00	49.4%	14.1%	76.9%	38.1%	49.9%	0.6%	-1.6%	12.9K	-128.4K	-2.3K	0.25	107.11	337	85	772	188
2015-08-31	$18.29	$20.00	52.5%	15.0%	72.9%	41.8%	41.0%	13.9%	-6.7%	12.7K	-112.9K	-2.2K	0.24	109.20	350	85	773	197