KNOP Options History — February 2017

In February 2017, KNOP traded between $21.25 and $22.75. ATM implied volatility averaged 24.7%, placing in the 13.2% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 5.1% (HV 20d: 19.6%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 0.96.

Notable Days

2017-02-21: Highest Volume — 669 contracts
2017-02-08: Largest IV drop — 26.4% change
2017-02-28: Highest IV Rank — 26.9%
2017-02-09: Largest Expected Move — 8.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$21.98	$21.25	$22.75	$21.90	$22.10
Max Pain	$20.92	$20.00	$22.50	$22.50	$22.50
ATM IV	24.7%	20.6%	33.5%	25.0%	29.1%
Expected Move	7.0%	5.9%	8.4%	7.2%	8.3%
HV 20d	19.6%	13.9%	31.7%	31.5%	22.6%
HV 60d	28.5%	27.5%	30.9%	30.9%	28.0%
IV Rank	13.2%	7.2%	26.9%	10.7%	26.9%
IV Percentile	18.6%	2.0%	54.8%	17.9%	44.4%
Term Structure	1.6%	-3.0%	8.9%	-0.5%	-3.0%
VWIV	25.5%	20.1%	29.4%	25.9%	29.4%
Skew 25d	7.2%	-2.3%	33.9%	1.4%	-2.2%
Skew 10d	14.3%	-4.1%	56.4%	4.3%	0.1%
Call IV 25d	24.6%	18.4%	32.1%	24.7%	32.1%
Put IV 25d	31.8%	22.8%	57.8%	26.1%	30.0%
Bid-Ask Spread %	103.88	76.29	112.16	105.74	105.82
Gamma HHI	0.45	0.35	0.76	0.49	0.36
Net GEX	27.1K	-18.0K	154.5K	-18.0K	16.6K
Net DEX	374.6K	-219.8K	824.7K	738.8K	357.1K
Net VEX	-7.0K	-7.8K	-6.4K	-6.6K	-7.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.96	0.28	2.21	0.41	0.56
Total Volume	271.158	154	669	315	206
Total OI	2,284.526	1,810	2,547	1,810	2,547

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2017-02-01	$21.90	$22.50	25.0%	7.2%	31.5%	10.7%	25.9%	1.4%	-0.5%	-18.0K	738.8K	-6.6K	0.41	105.74	223	92	575	1,235
2017-02-02	$22.05	$20.00	26.3%	6.7%	31.7%	11.6%	25.9%	4.3%	5.2%	-374	520.5K	-7.3K	0.37	108.38	227	84	763	1,254
2017-02-03	$21.85	$20.00	24.2%	8.1%	13.9%	10.0%	28.9%	4.8%	-2.2%	-5.0K	614.4K	-7.1K	0.37	109.05	231	86	763	1,255
2017-02-06	$21.53	$20.00	27.0%	7.4%	14.6%	12.1%	27.4%	3.7%	1.1%	-8.8K	757.0K	-7.0K	0.28	101.78	345	96	785	1,268
2017-02-07	$21.30	$20.00	33.5%	7.5%	14.9%	16.9%	27.9%	-2.3%	-2.7%	12.3K	766.5K	-7.0K	2.02	107.47	53	107	1,036	1,276
2017-02-08	$21.25	$20.00	24.7%	7.1%	14.8%	10.4%	26.7%	4.0%	8.9%	8.4K	824.7K	-6.7K	1.80	101.09	55	99	1,037	1,287
2017-02-09	$21.25	$20.00	29.1%	8.4%	14.8%	13.7%	25.3%	3.1%	1.0%	14.6K	742.5K	-7.1K	2.21	106.52	75	166	1,038	1,290
2017-02-10	$21.46	$20.00	25.7%	7.4%	15.3%	11.1%	27.6%	4.3%	1.5%	24.5K	700.4K	-6.7K	1.01	106.34	90	91	1,078	1,220
2017-02-13	$21.40	$20.00	21.5%	6.2%	15.2%	8.1%	25.0%	5.4%	2.9%	16.9K	773.7K	-6.4K	0.89	102.87	110	98	1,118	1,230
2017-02-14	$21.68	$20.00	23.1%	6.6%	16.1%	25.1%	26.1%	5.0%	0.8%	30.6K	474.1K	-6.7K	1.18	76.29	82	97	1,148	1,231
2017-02-15	$22.20	$20.00	22.0%	6.3%	18.3%	10.5%	25.6%	7.6%	0.9%	154.5K	22.7K	-6.8K	1.04	97.81	189	196	1,152	1,233
2017-02-16	$22.55	$20.00	21.3%	6.1%	19.0%	8.9%	20.1%	30.5%	5.8%	97.7K	-219.8K	-6.6K	1.17	97.64	99	116	1,138	1,225
2017-02-17	$22.20	$20.00	20.6%	5.9%	19.9%	7.2%	20.9%	-1.9%	5.4%	17.5K	415.1K	-6.6K	0.69	108.65	173	119	1,159	1,208
2017-02-21	$22.75	$22.50	21.2%	6.1%	21.7%	8.6%	21.2%	29.9%	2.8%	29.1K	-107.4K	-6.5K	0.85	103.89	362	307	824	1,104
2017-02-22	$22.53	$22.50	25.7%	7.4%	21.9%	19.0%	29.3%	5.0%	-2.0%	26.2K	-165.9K	-7.6K	1.08	106.50	119	129	1,105	1,302
2017-02-23	$22.66	$22.50	22.1%	6.3%	21.9%	10.6%	23.6%	-0.5%	2.7%	31.2K	-175.7K	-7.8K	1.10	108.72	118	130	1,137	1,361
2017-02-24	$22.58	$22.50	23.6%	6.8%	21.9%	14.2%	23.5%	33.9%	2.6%	33.6K	-16.1K	-7.6K	0.71	107.06	117	83	1,140	1,362
2017-02-27	$22.40	$22.50	24.1%	6.9%	22.1%	15.2%	24.1%	1.2%	0.0%	33.1K	94.4K	-7.6K	0.56	112.16	117	65	1,141	1,381
2017-02-28	$22.10	$22.50	29.1%	8.3%	22.6%	26.9%	29.4%	-2.2%	-3.0%	16.6K	357.1K	-7.6K	0.56	105.82	132	74	1,141	1,406