KNOP Options History — April 2017

In April 2017, KNOP traded between $22.55 and $24.25. ATM implied volatility averaged 23.3%, placing in the 21.6% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 2.5% (HV 20d: 20.8%). Max pain ranged from $22.50 to $22.50. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 1.16.

Notable Days

2017-04-28: Highest Volume — 533 contracts
2017-04-24: Largest IV drop — 36.5% change
2017-04-12: Highest IV Rank — 41.9%
2017-04-11: Largest Expected Move — 9.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$23.12	$22.55	$24.25	$22.70	$23.93
Max Pain	$22.50	$22.50	$22.50	$22.50	$22.50
ATM IV	23.3%	17.7%	29.3%	20.2%	22.3%
Expected Move	6.9%	5.1%	9.0%	5.8%	6.4%
HV 20d	20.8%	19.1%	22.9%	22.4%	22.7%
HV 60d	19.2%	18.7%	20.6%	18.7%	19.5%
IV Rank	21.6%	7.0%	41.9%	10.6%	20.7%
IV Percentile	22.9%	2.4%	56.7%	6.3%	15.9%
Term Structure	-0.5%	-6.2%	7.9%	7.0%	7.9%
VWIV	24.6%	15.5%	31.4%	20.0%	15.5%
Skew 25d	7.3%	-6.8%	17.9%	1.6%	16.0%
Skew 10d	9.4%	-5.5%	26.7%	4.7%	4.4%
Call IV 25d	20.0%	11.9%	31.0%	21.0%	12.5%
Put IV 25d	27.4%	21.8%	37.3%	22.5%	28.6%
Bid-Ask Spread %	100.35	64.63	112.08	110.19	91.33
Gamma HHI	0.43	0.34	0.52	0.42	0.36
Net GEX	20.8K	-4.3K	52.0K	29.9K	-4.0K
Net DEX	-300.4K	-687.4K	-64.7K	-395.7K	-115.9K
Net VEX	-5.9K	-6.7K	-4.9K	-6.3K	-4.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.16	0.44	2.72	1.53	0.92
Total Volume	256.211	149	533	245	533
Total OI	2,140.368	1,411	2,446	2,324	1,411

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
2017-04-03	$22.70	$22.50	20.2%	5.8%	22.4%	10.6%	20.0%	1.6%	7.0%	29.9K	-395.7K	-6.3K	1.53	110.19	97	148	1,009	1,315
2017-04-04	$22.55	$22.50	25.0%	7.2%	21.8%	21.3%	21.4%	-6.8%	-4.0%	16.8K	-64.7K	-6.7K	1.23	109.90	93	114	1,013	1,323
2017-04-05	$22.60	$22.50	24.6%	7.0%	21.6%	21.0%	26.2%	-3.3%	2.6%	14.9K	-124.3K	-6.3K	0.59	110.09	94	55	1,011	1,329
2017-04-06	$22.71	$22.50	25.9%	7.8%	20.5%	23.8%	27.1%	6.3%	-1.2%	18.3K	-194.4K	-6.5K	0.88	105.71	92	81	1,013	1,329
2017-04-07	$22.80	$22.50	24.4%	7.8%	20.5%	20.5%	27.1%	9.9%	-2.4%	22.7K	-221.1K	-6.3K	0.57	105.96	142	81	1,016	1,350
2017-04-10	$22.90	$22.50	24.8%	7.0%	19.2%	21.4%	23.7%	4.0%	-0.4%	26.1K	-292.0K	-6.6K	0.93	99.82	87	81	1,056	1,350
2017-04-11	$23.00	$22.50	22.4%	9.0%	19.1%	16.0%	31.4%	3.2%	-6.2%	32.7K	-511.7K	-6.3K	0.86	102.70	94	81	1,052	1,350
2017-04-12	$22.69	$22.50	29.3%	8.4%	19.8%	41.9%	29.3%	5.4%	-5.3%	37.1K	-252.6K	-6.4K	0.76	105.75	106	81	1,053	1,350
2017-04-13	$22.60	$22.50	23.5%	6.7%	19.6%	24.5%	23.6%	17.9%	-3.6%	25.4K	-95.4K	-6.3K	1.09	108.60	74	81	1,061	1,350
2017-04-17	$22.60	$22.50	22.6%	6.5%	19.6%	21.7%	22.3%	12.7%	4.0%	37.9K	-201.5K	-6.2K	1.09	104.56	74	81	1,061	1,340
2017-04-18	$22.80	$22.50	25.0%	7.2%	19.7%	28.9%	25.1%	7.0%	-4.5%	52.0K	-419.2K	-5.7K	0.91	112.08	89	81	1,046	1,340
2017-04-19	$22.85	$22.50	24.9%	7.1%	19.4%	28.5%	25.4%	-3.7%	-5.3%	45.4K	-492.8K	-5.7K	0.94	107.27	118	111	1,029	1,340
2017-04-20	$23.08	$22.50	26.3%	7.5%	19.6%	32.7%	26.2%	6.3%	-5.7%	18.6K	-687.4K	-5.1K	0.44	95.12	252	111	1,066	1,380
2017-04-21	$23.15	$22.50	27.9%	8.0%	19.3%	37.5%	27.9%	3.9%	-5.2%	-4.3K	-588.9K	-5.7K	1.00	103.86	116	116	991	1,380
2017-04-24	$24.05	$22.50	17.7%	5.1%	22.9%	7.0%	27.4%	15.1%	1.8%	13.4K	-295.0K	-4.9K	1.92	91.13	137	263	590	898
2017-04-25	$23.98	$22.50	19.5%	5.6%	22.9%	12.4%	23.7%	13.2%	1.7%	6.1K	-317.2K	-5.7K	1.73	64.63	138	239	677	861
2017-04-26	$24.25	$22.50	19.3%	5.5%	22.4%	11.8%	21.9%	14.9%	3.9%	5.9K	-282.6K	-5.5K	2.72	79.95	88	239	629	865
2017-04-27	$24.10	$22.50	18.0%	5.1%	22.5%	7.8%	21.6%	15.5%	5.0%	1.3K	-155.4K	-5.0K	1.84	98.06	141	259	567	866
2017-04-28	$23.93	$22.50	22.3%	6.4%	22.7%	20.7%	15.5%	16.0%	7.9%	-4.0K	-115.9K	-4.9K	0.92	91.33	278	255	524	887