KNOP Options History — October 2015

In October 2015, KNOP traded between $15.59 and $18.05. ATM implied volatility averaged 44.0%, placing in the 29.9% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded below realized volatility by 22.9% (HV 20d: 67.0%). Max pain ranged from $17.50 to $17.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.58.

Notable Days

  • 2015-10-06: Highest Volume — 558 contracts
  • 2015-10-07: Largest IV spike — 32.4% change
  • 2015-10-13: Highest IV Rank — 53.4%
  • 2015-10-02: Largest Expected Move — 14.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.32$15.59$18.05$15.59$16.29
Max Pain$17.50$17.50$17.50$17.50$17.50
ATM IV44.0%32.2%63.0%42.1%36.5%
Expected Move12.4%9.2%14.6%12.1%10.5%
HV 20d67.0%52.7%75.6%58.9%52.7%
HV 60d64.9%57.3%68.8%63.6%57.3%
IV Rank29.9%14.8%53.4%28.0%20.1%
IV Percentile74.5%36.9%99.2%74.6%52.8%
Term Structure3.3%-4.7%54.8%12.1%2.7%
VWIV45.1%35.4%53.2%43.1%38.9%
Skew 25d7.6%-2.4%16.0%6.9%8.0%
Skew 10d12.1%-8.0%38.6%12.5%12.2%
Call IV 25d44.5%35.7%59.4%44.4%38.7%
Put IV 25d52.1%43.9%63.9%51.3%46.6%
Bid-Ask Spread %101.5786.90119.28105.42107.05
Gamma HHI0.540.310.750.390.52
Net GEX15.0K6.4K23.2K6.4K8.7K
Net DEX-211.5K-370.3K205.6K205.6K-4.0K
Net VEX-2.6K-2.9K-1.5K-1.5K-2.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.580.185.430.410.18
Total Volume447.18245558408515
Total OI1,358.3641,0211,5871,3311,320

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-10-01$15.59$17.5042.1%12.1%58.9%28.0%43.1%6.9%12.1%6.4K205.6K-1.5K0.41105.42289119996335
2015-10-02$15.64$17.5051.1%14.6%58.3%38.9%50.8%4.5%11.4%9.4K108.8K-1.7K0.4696.642571191,056335
2015-10-05$17.75$17.5047.6%12.7%75.6%34.7%0.0%10.0%5.6%17.8K-288.6K-2.6K5.43100.527381,063335
2015-10-06$18.05$17.5038.0%13.2%74.9%23.0%45.8%11.5%-1.8%21.9K-331.9K-2.5K0.3186.904271311,072340
2015-10-07$17.69$17.5050.3%13.6%75.0%37.9%46.4%12.0%-4.7%18.6K-268.8K-2.4K0.4694.033061401,087340
2015-10-08$17.95$17.5049.5%13.1%75.0%37.0%42.8%16.0%-3.0%17.4K-307.8K-2.7K0.4094.473541401,109360
2015-10-09$17.88$17.5040.6%13.0%74.0%26.1%38.6%16.0%-1.7%21.4K-284.8K-2.8K0.41106.943441401,207360
2015-10-12$17.77$17.5049.8%13.2%72.4%37.3%50.5%0.9%-2.1%22.3K-312.1K-2.8K0.4197.173441401,217360
2015-10-13$17.53$17.5063.0%13.5%72.2%53.4%52.2%-2.4%-3.4%21.1K-253.1K-2.7K0.3995.603441341,217360
2015-10-14$17.55$17.5046.1%13.2%71.9%32.8%39.5%11.5%-2.2%23.2K-222.4K-2.7K0.39108.763441341,217370
2015-10-15$17.76$17.5045.8%13.1%72.1%32.4%48.0%7.7%-1.8%13.4K-320.8K-2.7K0.39104.243441341,217370
2015-10-16$17.81$17.5042.7%12.2%71.8%28.7%42.7%7.3%2.0%12.9K-370.3K-2.7K0.4899.383081481,217370
2015-10-19$17.71$17.5038.9%11.1%70.5%24.1%41.6%2.7%54.8%12.9K-279.7K-2.6K0.5695.99212119762259
2015-10-20$17.85$17.5049.8%14.3%70.4%37.3%53.2%5.7%-1.5%12.4K-249.6K-2.6K0.37119.2826097768275
2015-10-21$17.57$17.5045.1%12.9%68.0%30.7%51.2%0.4%-2.9%13.8K-277.4K-2.7K0.30100.1933599816283
2015-10-22$17.79$17.5045.3%13.0%67.7%31.0%50.4%3.7%-4.3%16.4K-328.7K-2.9K0.25104.4138998900286
2015-10-23$17.49$17.5044.7%12.8%67.7%30.2%42.4%13.3%1.1%16.3K-271.9K-2.9K0.25104.6138998968288
2015-10-26$17.29$17.5039.7%11.4%65.0%24.0%40.0%11.1%4.5%14.4K-218.6K-2.7K0.18107.2241977968288
2015-10-27$16.76$17.5035.8%10.2%53.4%19.2%50.9%0.1%1.1%10.4K-220.6K-2.9K0.1891.3441575938296
2015-10-28$16.95$17.5034.2%9.8%53.2%17.3%42.3%13.1%-0.3%10.2K-108.7K-2.4K0.23108.8442799940300
2015-10-29$16.27$17.5032.2%9.2%52.7%14.8%35.4%6.4%6.5%8.8K-47.9K-2.5K0.24105.53427103991328
2015-10-30$16.29$17.5036.5%10.5%52.7%20.1%38.9%8.0%2.7%8.7K-4.0K-2.3K0.18107.0543580991329