KNOP Options History — November 2016

In November 2016, KNOP traded between $19.10 and $22.25. ATM implied volatility averaged 26.4%, placing in the 9.7% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded below realized volatility by 8.1% (HV 20d: 34.6%). Max pain ranged from $20.00 to $20.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.71.

Notable Days

  • 2016-11-18: Highest Volume — 433 contracts
  • 2016-11-02: Largest IV drop — 26.3% change
  • 2016-11-01: Highest IV Rank — 16.5%
  • 2016-11-01: Largest Expected Move — 11.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.18$19.10$22.25$19.10$21.75
Max Pain$20.00$20.00$20.00$20.00$20.00
ATM IV26.4%21.3%38.3%38.3%31.4%
Expected Move7.7%6.1%11.0%11.0%9.0%
HV 20d34.6%29.4%39.0%29.4%29.8%
HV 60d33.3%32.0%34.3%32.1%33.9%
IV Rank9.7%6.4%16.5%16.5%15.4%
IV Percentile14.4%2.0%45.6%45.6%31.7%
Term Structure-0.6%-9.4%5.5%-8.5%-9.4%
VWIV26.9%20.6%35.6%35.6%27.5%
Skew 25d2.8%-10.7%15.0%-10.7%-2.9%
Skew 10d10.3%-3.4%30.0%8.0%11.9%
Call IV 25d26.6%18.7%36.7%36.7%33.0%
Put IV 25d29.4%20.5%38.2%26.0%30.1%
Bid-Ask Spread %108.3796.42115.22107.68105.84
Gamma HHI0.540.350.630.400.58
Net GEX35.6K-92252.9K8.1K47.8K
Net DEX-637.9K-995.8K83.5K83.5K-773.2K
Net VEX-3.8K-4.3K-3.3K-3.7K-4.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.710.292.180.541.33
Total Volume274.476191433337191
Total OI1,522.2861,3871,6491,5011,450

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2016-11-01$19.10$20.0038.3%11.0%29.4%16.5%35.6%-10.7%-8.5%8.1K83.5K-3.7K0.54107.68219118928573
2016-11-02$19.55$20.0028.2%8.1%30.6%10.5%29.5%-0.7%-3.8%2.3K55.1K-3.3K0.31110.7421065933573
2016-11-03$19.60$20.0024.6%8.5%30.5%8.4%29.2%5.1%-0.5%-92277.8K-3.5K0.29107.4522265934587
2016-11-04$19.65$20.0029.5%8.5%30.4%11.3%29.7%12.3%-1.9%3.0K45.2K-3.5K0.31102.4722970948587
2016-11-07$20.55$20.0027.9%9.0%34.5%10.3%31.7%3.2%-2.5%13.5K-422.1K-3.7K0.3896.4219675948597
2016-11-08$21.05$20.0031.2%8.3%35.5%12.3%27.8%10.9%-1.0%28.1K-629.1K-3.5K0.34109.3422375958573
2016-11-09$21.80$20.0028.6%8.2%36.6%10.7%26.7%0.1%0.5%46.2K-995.8K-4.0K0.38102.8222787992573
2016-11-10$21.05$20.0027.6%7.9%39.0%10.2%27.0%5.1%-0.6%35.0K-678.4K-3.6K0.38108.73227871,010560
2016-11-11$21.38$20.0024.5%7.0%38.9%8.3%22.8%15.0%5.5%45.4K-732.9K-3.4K0.43112.71202871,009560
2016-11-14$21.55$20.0021.6%6.2%38.9%6.6%24.0%5.6%4.6%45.5K-844.1K-3.8K0.38109.87202761,014560
2016-11-15$21.55$20.0023.8%6.8%37.2%7.9%20.6%5.7%-0.4%48.4K-869.3K-3.7K0.33110.07271891,024564
2016-11-16$21.40$20.0026.1%7.5%36.5%9.3%26.1%1.0%-2.2%44.9K-843.7K-3.9K0.47108.39188891,059578
2016-11-17$21.45$20.0024.6%7.1%36.4%8.4%25.5%6.3%0.5%46.0K-907.0K-3.8K0.47110.28188891,066578
2016-11-18$21.70$20.0023.3%6.7%36.3%7.6%24.1%4.1%0.7%48.0K-929.8K-3.7K0.75109.762471861,066583
2016-11-21$21.95$20.0021.3%6.1%36.0%6.4%25.2%-2.3%1.0%49.6K-809.3K-4.0K2.18101.3583181905482
2016-11-22$21.95$20.0022.8%6.5%36.0%7.3%24.1%-2.5%2.5%40.4K-759.7K-4.3K1.16110.7794109905512
2016-11-23$22.05$20.0025.3%7.3%34.4%8.8%26.6%4.2%-2.4%52.9K-954.8K-4.0K1.15112.0894108920512
2016-11-25$22.25$20.0025.4%7.3%34.4%8.9%28.1%-1.5%-1.1%52.4K-921.9K-4.1K1.15113.0194108920529
2016-11-28$21.60$20.0023.7%6.8%32.2%7.8%26.1%-0.1%3.2%45.7K-753.7K-4.3K1.15110.6794108920529
2016-11-29$21.95$20.0024.9%7.1%32.2%10.6%27.6%0.5%2.2%44.6K-831.7K-4.3K1.03115.229497920529
2016-11-30$21.75$20.0031.4%9.0%29.8%15.4%27.5%-2.9%-9.4%47.8K-773.2K-4.1K1.33105.8482109920530