KNOP Options History — May 2016

In May 2016, KNOP traded between $17.09 and $18.74. ATM implied volatility averaged 38.3%, placing in the 16.5% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded below realized volatility by 3.9% (HV 20d: 42.2%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 1.12.

Notable Days

  • 2016-05-06: Highest Volume — 264 contracts
  • 2016-05-19: Largest IV spike — 22.9% change
  • 2016-05-09: Highest IV Rank — 21.2%
  • 2016-05-19: Largest Expected Move — 12.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.20$17.09$18.74$18.56$18.55
Max Pain$18.93$17.50$20.00$17.50$20.00
ATM IV38.3%32.6%46.3%38.7%36.6%
Expected Move10.8%9.4%12.4%11.1%10.5%
HV 20d42.2%37.4%50.3%38.1%37.4%
HV 60d47.8%40.9%55.4%55.4%40.9%
IV Rank16.5%13.1%21.2%16.7%15.5%
IV Percentile27.6%11.1%59.5%28.6%20.6%
Term Structure-0.3%-8.3%6.3%4.3%-7.0%
VWIV38.4%26.0%45.9%40.8%39.1%
Skew 25d9.1%-2.3%20.6%10.7%7.4%
Skew 10d20.6%-2.4%38.7%26.0%29.1%
Call IV 25d35.1%21.5%50.3%32.5%32.0%
Put IV 25d44.2%34.3%58.0%43.2%39.4%
Bid-Ask Spread %102.5785.50113.70104.74104.71
Gamma HHI0.430.280.610.440.61
Net GEX12.9K4.2K20.2K15.7K20.2K
Net DEX-382.3K-553.8K-80.7K-387.8K-487.8K
Net VEX-3.4K-3.9K-2.9K-3.1K-3.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.120.651.501.501.00
Total Volume225.762174264230262
Total OI1,768.5241,6261,8651,6261,865

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2016-05-02$18.56$17.5038.7%11.1%38.1%16.7%40.8%10.7%4.3%15.7K-387.8K-3.1K1.50104.7492138707919
2016-05-03$18.58$17.5042.3%12.1%37.6%18.9%26.0%12.4%-8.3%13.8K-358.7K-3.0K1.18110.1492109716946
2016-05-04$18.18$17.5037.9%10.9%38.8%16.2%35.6%8.7%4.9%5.0K-240.4K-3.4K0.89110.479282716946
2016-05-05$17.09$20.0043.9%11.8%45.5%19.8%44.3%-2.3%0.4%4.2K-80.7K-3.6K1.1885.5088104716947
2016-05-06$17.62$20.0042.6%11.9%45.9%19.1%31.9%14.2%-2.4%9.2K-213.5K-3.0K0.6599.92160104712940
2016-05-09$17.15$20.0046.3%12.1%47.1%21.2%38.8%-2.2%-0.4%4.7K-135.2K-3.9K0.6588.52160104792940
2016-05-10$17.98$20.0039.1%10.4%49.9%17.0%36.2%16.2%1.1%9.1K-371.7K-2.9K1.3992.6785118792940
2016-05-11$18.38$17.5035.3%10.1%50.3%14.7%44.2%15.1%5.2%16.1K-457.9K-3.1K1.0689.758590792974
2016-05-12$18.12$17.5038.0%10.9%50.1%16.3%39.4%7.4%-1.6%10.2K-343.4K-3.6K0.95102.109590792976
2016-05-13$18.08$17.5038.0%10.9%49.9%16.3%41.0%10.0%3.3%9.5K-316.7K-3.7K1.2399.6493114804976
2016-05-16$18.28$17.5039.1%11.2%42.8%17.0%40.0%15.0%-2.7%11.8K-356.0K-3.4K1.2196.6794114814976
2016-05-17$18.25$17.5035.9%10.3%39.1%15.1%34.2%20.6%2.3%9.9K-366.9K-3.8K1.21111.7694114816976
2016-05-18$18.21$17.5035.1%10.1%38.8%14.6%40.3%1.2%0.8%16.2K-479.7K-3.3K1.08109.37110119850981
2016-05-19$18.35$20.0043.1%12.4%38.8%19.4%45.9%14.2%-2.3%16.6K-495.8K-3.5K1.3099.73104135850983
2016-05-20$18.36$20.0034.5%9.9%38.8%14.2%39.5%1.9%-2.7%13.9K-467.4K-3.3K1.16109.161161358531,001
2016-05-23$18.17$20.0039.6%11.4%38.5%17.3%35.3%13.0%-0.6%13.7K-375.2K-3.6K1.24106.75111138791984
2016-05-24$18.74$20.0037.4%10.7%40.1%16.0%40.9%14.0%-4.9%17.5K-490.1K-3.3K1.38102.921001388011,020
2016-05-25$18.44$20.0033.9%9.7%39.9%13.9%39.3%7.1%6.3%19.0K-553.8K-3.3K1.22108.721071318151,020
2016-05-26$18.44$20.0034.7%9.9%39.9%14.3%39.2%-0.6%3.0%19.5K-531.1K-3.3K1.00107.111311318151,020
2016-05-27$18.65$20.0032.6%9.4%39.2%13.1%34.1%7.6%-4.4%15.7K-517.6K-3.6K1.00113.701311318451,020
2016-05-31$18.55$20.0036.6%10.5%37.4%15.5%39.1%7.4%-7.0%20.2K-487.8K-3.2K1.00104.711311318451,020