KNOP Options History — July 2017

In July 2017, KNOP traded between $22.50 and $23.75. ATM implied volatility averaged 25.6%, placing in the 31.6% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 6.5% (HV 20d: 19.1%). Max pain ranged from $22.50 to $30.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 1.24.

Notable Days

2017-07-28: Highest Volume — 470 contracts
2017-07-11: Largest IV spike — 24.2% change
2017-07-26: Highest IV Rank — 48.3%
2017-07-26: Largest Expected Move — 8.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$23.09	$22.50	$23.75	$22.90	$23.05
Max Pain	$22.88	$22.50	$30.00	$22.50	$30.00
ATM IV	25.6%	19.7%	31.2%	23.4%	23.4%
Expected Move	7.4%	6.0%	8.9%	6.7%	6.7%
HV 20d	19.1%	11.9%	32.2%	31.4%	15.6%
HV 60d	24.5%	23.6%	25.3%	24.9%	23.6%
IV Rank	31.6%	14.3%	48.3%	25.4%	25.2%
IV Percentile	52.7%	11.1%	86.9%	33.3%	34.5%
Term Structure	-2.6%	-8.3%	6.1%	1.0%	-2.2%
VWIV	25.2%	21.0%	35.8%	23.5%	22.0%
Skew 25d	9.9%	-0.4%	34.0%	34.0%	24.9%
Skew 10d	16.8%	-1.6%	70.5%	70.5%	65.5%
Call IV 25d	22.4%	15.3%	31.9%	19.3%	20.5%
Put IV 25d	32.2%	23.3%	53.3%	53.3%	45.3%
Bid-Ask Spread %	102.65	73.46	111.29	102.99	94.62
Gamma HHI	0.37	0.34	0.45	0.35	0.40
Net GEX	-26.8K	-57.6K	-5.8K	-14.4K	-29.7K
Net DEX	29.5K	-427.7K	458.8K	-8.4K	458.8K
Net VEX	-5.6K	-6.6K	-3.9K	-6.4K	-3.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.24	0.62	2.03	1.19	1.74
Total Volume	307.4	184	470	184	463
Total OI	2,339.45	1,381	2,836	2,607	1,381

Daily Data (20 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
2017-07-03	$22.90	$22.50	23.4%	6.7%	31.4%	25.4%	23.5%	34.0%	1.0%	-14.4K	-8.4K	-6.4K	1.19	102.99	84	100	1,196	1,411
2017-07-05	$22.50	$22.50	20.9%	6.0%	32.2%	17.7%	21.0%	-0.4%	6.1%	-24.8K	230.1K	-6.5K	1.72	111.29	85	146	1,196	1,413
2017-07-06	$22.55	$22.50	19.7%	7.0%	32.0%	14.3%	28.2%	3.6%	-2.5%	-39.9K	352.6K	-6.3K	1.44	108.17	90	130	1,189	1,485
2017-07-07	$22.60	$22.50	21.1%	6.7%	31.9%	18.5%	28.8%	1.1%	-0.8%	-36.0K	295.0K	-6.5K	1.45	106.95	91	132	1,196	1,487
2017-07-10	$22.50	$22.50	19.7%	6.4%	32.0%	14.3%	35.8%	7.0%	1.7%	-35.7K	388.1K	-6.6K	1.45	108.94	91	132	1,198	1,489
2017-07-11	$22.70	$22.50	24.5%	6.2%	16.8%	28.4%	21.4%	3.8%	-0.2%	-42.2K	197.3K	-5.7K	1.78	105.97	82	146	1,198	1,489
2017-07-12	$22.95	$22.50	26.3%	7.5%	16.6%	33.8%	27.1%	7.0%	-2.1%	-33.1K	113.3K	-6.4K	1.45	104.89	101	146	1,203	1,517
2017-07-13	$22.98	$22.50	30.6%	8.8%	16.1%	46.5%	31.0%	0.8%	-8.3%	-35.7K	46.1K	-6.2K	0.80	100.73	181	144	1,229	1,517
2017-07-14	$22.90	$22.50	24.4%	7.0%	15.5%	28.2%	28.4%	6.2%	-0.8%	-35.8K	124.0K	-6.1K	0.65	104.21	229	149	1,192	1,517
2017-07-17	$23.04	$22.50	29.5%	8.5%	15.7%	43.4%	26.2%	7.7%	-6.3%	-57.6K	-259.1K	-5.2K	0.89	104.08	154	137	1,243	1,527
2017-07-18	$23.45	$22.50	24.0%	6.9%	16.8%	26.9%	21.8%	7.0%	-0.5%	-21.2K	-389.4K	-5.2K	0.82	106.74	162	133	1,251	1,544
2017-07-19	$23.35	$22.50	27.6%	7.9%	16.4%	37.6%	23.7%	11.4%	-4.0%	-24.9K	-376.2K	-5.5K	0.62	109.55	216	133	1,273	1,563
2017-07-20	$23.30	$22.50	25.7%	7.4%	13.4%	32.0%	22.5%	8.9%	-2.3%	-24.4K	-427.7K	-5.4K	0.62	106.65	216	134	1,250	1,563
2017-07-21	$23.30	$22.50	29.6%	8.5%	13.2%	43.5%	24.8%	8.8%	-6.4%	-20.2K	-376.4K	-5.0K	0.63	109.67	212	134	1,197	1,565
2017-07-24	$23.36	$22.50	24.7%	7.1%	11.9%	29.0%	22.8%	7.3%	0.4%	-27.1K	-2.7K	-4.4K	0.79	73.46	151	120	643	880
2017-07-25	$23.75	$22.50	28.3%	8.1%	13.0%	39.6%	22.1%	17.4%	-6.1%	-12.2K	13.2K	-5.2K	1.53	99.00	139	213	634	900
2017-07-26	$23.70	$22.50	31.2%	8.9%	12.9%	48.3%	23.0%	18.2%	-6.4%	-5.8K	-11.7K	-5.1K	1.52	101.22	140	213	637	809
2017-07-27	$23.35	$22.50	27.7%	7.9%	14.1%	37.8%	23.5%	15.9%	-5.0%	-8.9K	128.5K	-5.0K	1.59	98.37	135	214	636	769
2017-07-28	$23.50	$22.50	29.1%	8.4%	14.0%	42.2%	25.6%	6.6%	-6.7%	-6.8K	95.0K	-5.2K	2.03	95.52	155	315	631	771
2017-07-31	$23.05	$30.00	23.4%	6.7%	15.6%	25.2%	22.0%	24.9%	-2.2%	-29.7K	458.8K	-3.9K	1.74	94.62	169	294	510	871