KNOP Options History — September 2017

In September 2017, KNOP traded between $23.05 and $23.85. ATM implied volatility averaged 20.5%, placing in the 17.2% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 6.1% (HV 20d: 14.4%). Max pain ranged from $22.50 to $22.50. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 2.96.

Notable Days

2017-09-26: Highest Volume — 598 contracts
2017-09-13: Largest IV drop — 48.5% change
2017-09-12: Highest IV Rank — 61.8%
2017-09-01: Largest Expected Move — 6.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$23.44	$23.05	$23.85	$23.63	$23.50
Max Pain	$22.50	$22.50	$22.50	$22.50	$22.50
ATM IV	20.5%	15.3%	35.2%	23.5%	18.9%
Expected Move	5.4%	4.4%	6.7%	6.7%	5.4%
HV 20d	14.4%	12.2%	16.1%	16.1%	12.2%
HV 60d	16.7%	15.5%	22.8%	22.8%	15.5%
IV Rank	17.2%	1.2%	61.8%	25.5%	12.6%
IV Percentile	22.6%	0.4%	95.2%	41.7%	11.9%
Term Structure	4.5%	-5.3%	14.1%	-5.3%	13.1%
VWIV	19.4%	13.7%	31.1%	20.4%	21.2%
Skew 25d	9.7%	-0.1%	17.6%	15.2%	12.2%
Skew 10d	28.2%	1.7%	44.7%	14.1%	4.8%
Call IV 25d	14.3%	9.6%	23.8%	14.6%	14.4%
Put IV 25d	23.9%	17.6%	37.9%	29.8%	26.6%
Bid-Ask Spread %	71.11	33.37	100.33	58.56	77.11
Gamma HHI	0.57	0.45	0.66	0.55	0.45
Net GEX	-33.7K	-51.8K	-16.9K	-27.8K	-24.2K
Net DEX	115.1K	-45.5K	318.6K	-45.5K	318.6K
Net VEX	-4.9K	-5.7K	-4.3K	-5.1K	-5.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.96	1.11	5.80	2.34	5.08
Total Volume	387.65	154	598	515	383
Total OI	1,966.9	1,887	2,015	1,998	2,015

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
2017-09-01	$23.63	$22.50	23.5%	6.7%	16.1%	25.5%	20.4%	15.2%	-5.3%	-27.8K	-45.5K	-5.1K	2.34	58.56	154	361	795	1,203
2017-09-05	$23.55	$22.50	16.8%	4.8%	15.9%	5.6%	13.7%	8.6%	5.9%	-40.1K	-34.0K	-4.8K	2.36	48.79	154	364	797	1,188
2017-09-06	$23.60	$22.50	20.5%	4.9%	15.9%	16.6%	17.5%	4.6%	5.0%	-23.4K	29.9K	-4.9K	2.86	43.89	125	357	799	1,180
2017-09-07	$23.40	$22.50	20.8%	4.6%	16.1%	17.4%	19.0%	-0.1%	5.3%	-48.1K	51.9K	-4.8K	2.90	50.92	125	363	794	1,185
2017-09-08	$23.25	$22.50	23.7%	5.9%	14.8%	26.2%	17.0%	14.1%	-2.1%	-42.6K	177.3K	-5.0K	2.77	33.37	115	318	794	1,195
2017-09-11	$23.05	$22.50	27.8%	5.9%	14.8%	38.2%	23.3%	14.2%	-2.1%	-38.3K	277.8K	-5.0K	2.37	56.40	127	301	795	1,205
2017-09-12	$23.33	$22.50	35.2%	4.9%	15.4%	61.8%	15.9%	16.4%	3.8%	-36.8K	189.8K	-4.7K	2.35	85.14	128	301	795	1,208
2017-09-13	$23.25	$22.50	18.1%	5.2%	14.9%	10.0%	15.0%	10.9%	1.6%	-36.4K	140.5K	-4.9K	2.29	72.49	129	296	793	1,208
2017-09-14	$23.45	$22.50	17.7%	5.1%	15.1%	8.9%	14.7%	6.6%	3.3%	-42.4K	46.9K	-4.6K	2.33	91.10	127	296	791	1,213
2017-09-15	$23.20	$22.50	17.9%	5.1%	14.2%	9.4%	31.1%	11.5%	4.7%	-30.0K	243.3K	-4.9K	2.23	81.85	132	294	792	1,213
2017-09-18	$23.30	$22.50	17.1%	4.9%	14.3%	6.9%	27.9%	9.1%	9.2%	-33.7K	196.8K	-4.8K	3.71	92.37	73	271	725	1,162
2017-09-19	$23.45	$22.50	15.3%	4.4%	14.3%	1.2%	14.4%	4.9%	14.1%	-51.8K	-10.9K	-4.3K	1.11	79.21	73	81	725	1,162
2017-09-20	$23.45	$22.50	18.8%	5.4%	14.3%	12.3%	17.5%	5.1%	5.0%	-40.6K	41.0K	-4.5K	1.23	100.33	73	90	725	1,162
2017-09-21	$23.28	$22.50	20.6%	5.9%	13.3%	18.0%	17.0%	11.9%	0.8%	-29.3K	130.2K	-4.7K	1.93	57.25	73	141	725	1,166
2017-09-22	$23.40	$22.50	19.0%	5.4%	13.3%	12.8%	16.6%	5.3%	3.3%	-37.2K	78.4K	-4.7K	1.30	46.74	73	95	725	1,195
2017-09-25	$23.60	$22.50	18.3%	5.2%	13.1%	10.6%	20.2%	8.3%	6.7%	-29.2K	-25.5K	-4.7K	3.71	92.75	79	293	725	1,204
2017-09-26	$23.75	$22.50	20.4%	5.9%	13.3%	17.4%	23.0%	8.1%	8.7%	-20.4K	136.5K	-5.4K	5.80	91.39	88	510	725	1,240
2017-09-27	$23.85	$22.50	21.3%	6.1%	13.1%	20.2%	23.1%	17.6%	1.5%	-16.9K	116.3K	-5.7K	5.27	77.74	63	332	732	1,267
2017-09-28	$23.45	$22.50	18.9%	5.4%	14.0%	12.5%	19.0%	8.6%	7.0%	-23.9K	242.4K	-5.6K	5.27	84.83	63	332	734	1,281
2017-09-29	$23.50	$22.50	18.9%	5.4%	12.2%	12.6%	21.2%	12.2%	13.1%	-24.2K	318.6K	-5.7K	5.08	77.11	63	320	734	1,281