KNOP Options History — August 2016

In August 2016, KNOP traded between $18.37 and $19.76. ATM implied volatility averaged 29.6%, placing in the 11.4% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded above realized volatility by 0.9% (HV 20d: 28.8%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 17 of 23 days. Put/call ratio averaged 0.62.

Notable Days

  • 2016-08-01: Highest Volume — 1,008 contracts
  • 2016-08-09: Largest IV spike — 29.3% change
  • 2016-08-01: Highest IV Rank — 17.3%
  • 2016-08-01: Largest Expected Move — 11.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.80$18.37$19.76$18.67$18.61
Max Pain$18.91$17.50$20.00$17.50$20.00
ATM IV29.6%22.7%39.6%39.6%30.7%
Expected Move8.3%6.5%11.4%11.4%8.8%
HV 20d28.8%24.9%32.7%29.4%24.9%
HV 60d29.6%28.4%30.9%30.9%29.8%
IV Rank11.4%7.2%17.3%17.3%12.0%
IV Percentile9.9%0.8%33.7%32.1%11.9%
Term Structure1.5%-8.6%11.3%5.6%-7.3%
VWIV30.7%24.1%36.4%35.5%31.3%
Skew 25d4.4%-6.9%18.5%6.9%8.2%
Skew 10d14.7%-6.4%57.2%12.3%57.2%
Call IV 25d27.9%17.0%43.9%43.5%23.5%
Put IV 25d32.4%17.1%50.4%50.4%31.6%
Bid-Ask Spread %107.3799.60112.52103.95107.71
Gamma HHI0.790.670.890.790.76
Net GEX64.0K45.7K87.5K54.2K61.0K
Net DEX-816.3K-1.4M-384.8K-852.0K-500.2K
Net VEX-5.4K-6.0K-4.3K-5.9K-4.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.620.115.000.110.44
Total Volume348.69601,0081,008313
Total OI2,033.6091,9012,1161,9612,033

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2016-08-01$18.67$17.5039.6%11.4%29.4%17.3%35.5%6.9%5.6%54.2K-852.0K-5.9K0.11103.959051031,478483
2016-08-02$18.43$20.0032.1%9.2%26.4%12.8%36.4%-6.9%6.7%45.7K-590.3K-5.2K0.3999.603151231,479488
2016-08-03$18.81$17.5034.7%9.9%27.3%14.3%34.4%18.5%5.7%60.5K-617.8K-5.1K0.47107.252611231,529499
2016-08-04$18.66$17.5038.9%9.8%27.5%16.9%27.9%8.9%1.1%61.3K-730.2K-5.6K0.43105.702871231,523499
2016-08-05$18.54$17.5038.1%10.5%26.9%16.4%35.5%5.6%0.9%53.3K-742.3K-5.6K0.36107.102861031,533499
2016-08-08$18.94$17.5030.5%7.7%27.5%11.9%31.4%5.2%0.7%59.6K-896.9K-5.9K0.34109.29286961,574499
2016-08-09$18.56$17.5039.5%8.6%27.3%17.2%33.1%-1.8%3.2%53.0K-776.1K-5.8K0.33108.20286941,574500
2016-08-10$18.64$17.5029.2%8.4%27.4%11.1%33.8%-0.4%6.3%49.4K-785.2K-5.5K0.31102.05280881,574495
2016-08-11$18.96$17.5023.3%6.7%27.4%7.6%31.5%10.9%3.0%64.9K-986.6K-5.9K0.31105.85276851,574499
2016-08-12$19.49$17.5024.4%7.0%28.9%8.2%31.2%9.4%1.9%78.1K-1.2M-6.0K0.30105.79284861,594500
2016-08-15$19.76$17.5024.8%7.1%29.0%8.5%28.0%5.6%1.9%87.5K-1.4M-6.0K0.33108.75284931,604500
2016-08-16$19.40$20.0024.2%6.9%29.9%8.1%24.1%0.1%4.9%76.5K-1.3M-6.0K0.35107.052841001,604507
2016-08-17$19.16$20.0026.5%7.6%30.1%9.5%0.0%-1.1%0.2%68.7K-1.1M-5.8K0.00110.84051,604507
2016-08-18$19.17$20.0025.6%7.3%30.1%9.0%0.0%0.3%1.9%70.8K-1.2M-5.8K0.00110.67001,604512
2016-08-19$18.80$20.0028.2%8.1%30.0%10.5%29.7%2.4%-1.4%67.2K-917.7K-5.4K0.34107.96265891,591512
2016-08-22$18.50$20.0028.0%8.0%30.4%10.4%26.5%-0.6%-6.3%63.7K-805.1K-5.2K0.73106.532461801,516385
2016-08-23$18.99$20.0022.7%6.5%31.9%7.2%28.7%13.9%11.3%75.0K-749.3K-5.1K0.50109.152401201,516440
2016-08-24$18.58$20.0026.0%7.4%32.7%9.2%0.0%-6.3%-8.6%71.2K-700.0K-5.0K5.00112.522101,514442
2016-08-25$18.46$20.0026.9%7.7%32.7%9.7%28.9%9.0%2.8%69.6K-516.6K-4.5K0.48108.872421151,512452
2016-08-26$18.37$20.0028.8%8.3%32.1%10.9%27.4%3.5%-3.0%57.8K-585.3K-5.0K0.60110.362031221,522472
2016-08-29$18.42$20.0030.0%8.6%26.2%11.6%29.4%5.2%-1.1%60.5K-384.8K-4.3K0.45107.38212951,522495
2016-08-30$18.46$20.0029.1%8.3%25.8%11.0%29.3%5.3%5.1%62.6K-430.5K-4.3K0.43106.88217931,515499
2016-08-31$18.61$20.0030.7%8.8%24.9%12.0%31.3%8.2%-7.3%61.0K-500.2K-4.6K0.44107.71217961,533500