KNOP Options History — April 2016

In April 2016, KNOP traded between $16.25 and $19.83. ATM implied volatility averaged 42.3%, placing in the 18.9% IV rank vs the trailing year. The 30-day expected move averaged 11.9%. IV traded above realized volatility by 4.4% (HV 20d: 37.9%). Max pain ranged from $15.00 to $17.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.93.

Notable Days

  • 2016-04-15: Highest Volume — 313 contracts
  • 2016-04-12: Largest IV spike — 49.1% change
  • 2016-04-05: Highest IV Rank — 29.8%
  • 2016-04-05: Largest Expected Move — 15.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.86$16.25$19.83$16.66$19.19
Max Pain$16.67$15.00$17.50$15.00$17.50
ATM IV42.3%30.6%60.8%35.8%42.7%
Expected Move11.9%8.8%15.2%10.3%12.2%
HV 20d37.9%33.3%52.0%52.0%36.0%
HV 60d59.2%54.7%69.1%69.1%55.1%
IV Rank18.9%11.9%29.8%15.0%19.1%
IV Percentile43.7%11.5%90.5%27.0%42.1%
Term Structure-0.2%-36.4%11.4%4.3%-0.1%
VWIV44.9%23.5%52.8%48.8%51.6%
Skew 25d14.3%-9.2%23.1%17.2%11.6%
Skew 10d29.2%2.3%56.6%56.6%2.3%
Call IV 25d37.1%19.5%47.2%41.2%38.5%
Put IV 25d51.4%24.2%62.5%58.4%50.1%
Bid-Ask Spread %99.3075.03111.98111.9888.02
Gamma HHI0.390.280.520.340.39
Net GEX10.8K82021.8K8.1K17.6K
Net DEX-394.5K-630.9K-175.1K-263.8K-508.4K
Net VEX-3.6K-4.3K-3.2K-3.7K-3.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.930.451.570.961.05
Total Volume236.857165313249199
Total OI1,763.4761,4101,9541,9051,618

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2016-04-01$16.66$15.0035.8%10.3%52.0%15.0%48.8%17.2%4.3%8.1K-263.8K-3.7K0.96111.98127122958947
2016-04-04$16.42$17.5042.5%13.5%47.7%19.0%45.0%17.0%-0.5%6.7K-291.2K-3.5K1.0497.38125130959951
2016-04-05$16.25$17.5060.8%15.2%42.1%29.8%45.5%18.5%-4.8%6.5K-185.5K-3.6K1.04102.17125130961951
2016-04-06$16.50$17.5048.4%14.1%37.4%22.5%44.6%20.5%-0.5%6.8K-276.3K-3.5K1.06101.73123130961951
2016-04-07$16.55$17.5043.9%12.4%37.4%19.8%42.1%22.2%3.1%8.4K-257.8K-3.7K0.97101.38123119966951
2016-04-08$16.96$17.5053.9%13.3%36.6%25.8%51.4%17.8%0.6%9.3K-363.8K-3.7K1.07104.24111119966951
2016-04-11$16.96$15.0039.8%13.6%36.6%17.4%52.2%16.1%0.7%8.8K-393.7K-3.4K1.04110.85114119962951
2016-04-12$16.93$15.0059.4%13.3%36.3%29.0%51.9%17.2%-0.5%9.1K-403.5K-3.3K0.75110.9111889972951
2016-04-13$17.05$15.0046.8%13.4%34.5%21.6%52.8%16.9%0.5%10.3K-424.7K-3.4K0.97107.39118114981957
2016-04-14$16.75$15.0046.2%13.3%33.8%21.2%50.4%2.8%-1.5%9.3K-346.5K-3.5K0.93101.52118110987957
2016-04-15$16.58$15.0040.3%11.6%33.3%17.7%42.0%22.5%2.6%820-308.2K-3.2K1.57105.86122191987967
2016-04-18$17.85$15.0043.1%12.4%38.1%19.3%44.7%3.1%-36.4%2.5K-175.1K-3.4K0.5975.03184108547863
2016-04-19$18.72$17.5044.1%12.6%41.2%19.9%44.4%14.5%-2.5%7.3K-378.5K-3.8K0.7880.24169132655909
2016-04-20$18.94$17.5033.3%9.5%41.1%13.5%23.5%23.0%11.4%11.7K-420.0K-3.9K0.9994.73133132684895
2016-04-21$19.09$17.5034.3%9.8%36.3%14.1%39.1%11.4%7.9%13.9K-436.9K-4.3K1.0890.68101109748895
2016-04-22$19.11$17.5036.9%10.6%36.1%15.6%45.3%8.6%3.5%14.2K-494.3K-3.6K0.6391.37163102740895
2016-04-25$19.37$17.5032.3%9.3%36.1%13.0%50.4%23.1%-0.5%21.8K-610.0K-3.4K0.4589.2015770740895
2016-04-26$19.55$17.5035.7%10.2%35.0%15.0%40.5%12.7%8.2%14.8K-486.0K-4.0K0.71101.149970708890
2016-04-27$19.83$17.5038.4%11.0%35.0%16.5%44.8%12.5%0.8%19.5K-630.9K-3.4K0.75110.8910579708890
2016-04-28$19.72$17.5030.6%8.8%33.8%11.9%33.1%-9.2%-0.7%18.6K-628.7K-3.5K1.12108.687887718890
2016-04-29$19.19$17.5042.7%12.2%36.0%19.1%51.6%11.6%-0.1%17.6K-508.4K-3.6K1.0588.0297102718900