KNOP Options History — March 2017

In March 2017, KNOP traded between $21.71 and $23.35. ATM implied volatility averaged 22.9%, placing in the 14.6% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 4.3% (HV 20d: 18.6%). Max pain ranged from $22.50 to $22.50. Net GEX was positive for 16 of 23 trading days. Term structure was in contango for 17 of 23 days. Put/call ratio averaged 0.96.

Notable Days

  • 2017-03-31: Highest Volume — 356 contracts
  • 2017-03-13: Largest IV spike — 56.5% change
  • 2017-03-13: Highest IV Rank — 51.1%
  • 2017-03-01: Largest Expected Move — 8.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.28$21.71$23.35$22.40$23.35
Max Pain$22.50$22.50$22.50$22.50$22.50
ATM IV22.9%15.3%39.6%27.8%19.5%
Expected Move6.0%4.4%8.0%8.0%5.6%
HV 20d18.6%15.6%21.5%19.9%19.8%
HV 60d25.2%23.5%27.7%27.7%24.5%
IV Rank14.6%0.0%51.1%23.9%9.2%
IV Percentile19.2%0.0%84.1%39.7%4.8%
Term Structure1.6%-4.8%6.7%-4.8%4.5%
VWIV21.6%15.5%27.9%27.9%19.6%
Skew 25d40.4%-0.9%90.1%-0.9%6.8%
Skew 10d63.2%-2.1%124.1%-2.1%21.4%
Call IV 25d19.6%13.5%30.9%30.9%13.5%
Put IV 25d60.0%20.3%108.0%30.0%20.3%
Bid-Ask Spread %97.1576.61117.38105.6396.15
Gamma HHI0.420.320.530.410.32
Net GEX13.1K-19.8K52.7K25.2K13.6K
Net DEX387.2K-585.5K1.1M176.2K-585.5K
Net VEX-7.0K-7.9K-5.9K-7.6K-6.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.960.381.900.760.95
Total Volume233.652124356150356
Total OI2,517.1742,1792,8722,5712,318

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2017-03-01$22.40$22.5027.8%8.0%19.9%23.9%27.9%-0.9%-4.8%25.2K176.2K-7.6K0.76105.6385651,1581,413
2017-03-02$22.60$22.5024.7%7.1%19.9%16.6%24.6%41.6%1.1%40.6K-90.9K-7.8K0.43109.96158681,1841,409
2017-03-03$22.70$22.5025.2%7.2%19.8%17.8%24.1%37.6%1.4%37.1K-148.9K-7.9K0.38117.38158601,2051,414
2017-03-06$22.65$22.5024.3%7.1%19.5%15.8%26.4%11.2%2.0%52.7K-126.5K-7.6K0.4276.61158671,2051,414
2017-03-07$22.30$22.5029.0%7.7%19.6%26.7%27.9%7.1%-0.0%30.2K172.8K-7.5K0.4481.81160701,2051,426
2017-03-08$22.50$22.5028.1%6.7%19.2%24.5%26.6%10.7%1.9%40.1K137.0K-7.2K0.9179.6977701,2051,421
2017-03-09$22.10$22.5027.8%6.7%20.5%23.8%25.0%7.5%1.7%25.3K463.9K-6.9K1.6293.471282071,2051,421
2017-03-10$22.10$22.5025.3%6.1%20.5%18.1%21.4%50.4%5.5%35.1K632.9K-7.1K0.5291.65145751,2071,519
2017-03-13$21.71$22.5039.6%7.2%21.4%51.1%26.6%6.1%-3.2%15.8K808.4K-7.1K1.7590.291021791,2471,519
2017-03-14$21.90$22.5039.0%7.4%21.5%49.8%25.7%3.6%-0.6%19.2K817.2K-7.6K1.0796.491641761,2501,622
2017-03-15$21.80$22.5019.9%5.7%21.2%5.6%21.8%6.7%1.2%10.4K806.0K-7.3K1.0997.981621761,1801,627
2017-03-16$22.05$22.5019.1%5.5%19.8%3.8%19.5%69.4%1.7%9.8K701.1K-6.8K1.26102.801401761,1791,627
2017-03-17$22.05$22.5017.0%4.9%18.8%0.0%17.0%59.1%5.0%-18.6K1.1M-6.6K1.09101.751511641,1771,622
2017-03-20$22.20$22.5015.3%4.4%18.2%0.0%15.5%62.9%1.7%-19.8K687.4K-6.3K1.9097.20881677881,391
2017-03-21$22.05$22.5018.7%5.4%15.9%7.3%18.8%62.4%2.2%-6.9K624.4K-6.7K0.8097.2869558551,391
2017-03-22$22.05$22.5019.0%5.4%15.6%8.0%19.2%61.5%-1.4%-6.1K603.6K-6.8K0.80100.0369558701,392
2017-03-23$22.30$22.5015.8%4.5%16.0%1.1%15.9%71.5%0.6%-13.5K422.3K-6.1K0.9299.4389828711,392
2017-03-24$22.15$22.5021.1%6.0%16.1%12.6%21.2%90.1%-2.2%-944508.4K-7.0K0.92105.1789828921,412
2017-03-27$22.08$22.5016.3%4.7%16.0%2.0%16.3%71.0%3.3%-1.5K574.3K-6.7K1.0193.2789909021,412
2017-03-28$22.50$22.5017.9%5.1%16.6%5.7%18.0%64.2%5.9%1.4K337.2K-6.7K0.9299.561101019071,402
2017-03-29$22.40$22.5017.3%5.0%16.0%4.4%17.3%66.1%2.7%8.0K265.9K-6.6K1.04101.301111169371,385
2017-03-30$22.60$22.5019.1%5.5%16.0%8.2%19.5%62.8%6.7%4.7K-11.9K-5.9K1.1799.60991169521,365
2017-03-31$23.35$22.5019.5%5.6%19.8%9.2%19.6%6.8%4.5%13.6K-585.5K-6.4K0.9596.151831739531,365