KNOP Options History — January 2018

In January 2018, KNOP traded between $21.15 and $21.95. ATM implied volatility averaged 18.0%, placing in the 20.4% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded below realized volatility by 2.3% (HV 20d: 20.3%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.70.

Notable Days

  • 2018-01-05: Highest Volume — 1,228 contracts
  • 2018-01-24: Largest IV spike — 120.9% change
  • 2018-01-31: Highest IV Rank — 72.9%
  • 2018-01-31: Largest Expected Move — 9.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.68$21.15$21.95$21.40$21.15
Max Pain$20.83$20.00$22.50$20.00$22.50
ATM IV18.0%9.1%31.9%20.3%31.9%
Expected Move5.2%2.6%9.2%5.8%9.2%
HV 20d20.3%10.8%25.4%25.3%10.8%
HV 60d26.7%26.2%26.9%26.5%26.2%
IV Rank20.4%0.0%72.9%21.5%72.9%
IV Percentile20.3%0.0%96.8%26.6%96.8%
Term Structure3.6%-11.2%42.9%-1.8%42.9%
VWIV21.2%12.4%31.2%29.4%27.9%
Skew 25d7.7%-26.2%22.5%19.8%13.6%
Skew 10d10.7%-3.6%32.9%12.6%14.8%
Call IV 25d21.1%8.9%65.1%10.0%19.1%
Put IV 25d28.8%15.4%48.8%29.8%32.7%
Bid-Ask Spread %100.8662.04122.4562.04111.70
Gamma HHI0.400.350.480.390.46
Net GEX-56.0K-81.0K-40.3K-61.8K-61.2K
Net DEX-144.1K-904.2K790.8K-208.7K790.8K
Net VEX-12.6K-14.1K-11.0K-13.1K-11.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.351.270.590.35
Total Volume699.9053021,228617638
Total OI4,4743,6385,1154,8143,708

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-01-02$21.40$20.0020.3%5.8%25.3%21.5%29.4%19.8%-1.8%-61.8K-208.7K-13.1K0.5962.043892282,2552,559
2018-01-03$21.60$20.0013.2%3.8%25.4%0.0%29.6%19.7%10.5%-47.6K-332.0K-14.1K0.4588.795102292,1782,542
2018-01-04$21.75$20.0016.0%5.3%25.3%10.3%20.2%6.5%-1.7%-57.4K-723.8K-13.6K0.67106.326584382,4052,583
2018-01-05$21.75$20.0017.1%5.7%22.9%14.4%16.9%13.3%9.0%-40.3K-773.8K-13.3K0.84102.506665622,4202,436
2018-01-08$21.75$20.0020.5%3.6%22.7%26.8%13.7%16.3%7.0%-46.9K-561.3K-13.7K0.55103.576763752,4522,561
2018-01-09$21.88$20.0015.5%5.3%22.6%8.4%19.6%1.9%-4.8%-52.1K-748.2K-14.0K0.4893.656843312,4722,643
2018-01-10$21.60$20.0015.2%4.4%22.9%7.4%18.2%7.8%-3.3%-53.9K-460.8K-13.9K0.4699.196012772,4442,633
2018-01-11$21.78$20.0013.0%3.7%21.6%0.0%15.4%12.5%3.3%-81.0K-548.0K-11.5K0.52110.375792992,4292,638
2018-01-12$21.95$20.0014.4%4.1%21.6%5.2%14.9%9.1%3.8%-63.4K-904.2K-12.0K0.43111.987002992,4802,598
2018-01-16$21.75$20.0013.7%3.9%21.9%2.6%16.8%-1.7%3.8%-49.3K-490.0K-12.5K0.43116.447003012,4722,598
2018-01-17$21.73$20.0017.7%5.1%21.9%17.2%23.3%10.2%1.2%-57.2K-553.9K-12.5K0.70113.284763352,4702,635
2018-01-18$21.65$20.0015.4%4.4%20.9%8.7%18.3%13.2%5.9%-57.4K228.6K-12.7K0.6091.584772862,1282,721
2018-01-19$21.70$20.0016.4%4.7%19.6%12.4%20.1%22.5%9.3%-48.8K448.5K-12.3K0.6590.413522292,1272,722
2018-01-22$21.80$20.0014.0%4.0%19.4%3.6%12.4%0.0%8.2%-53.7K67.6K-12.7K1.0366.531491531,6192,045
2018-01-23$21.85$22.509.1%2.6%19.3%0.0%16.6%7.2%6.4%-52.9K148.4K-12.3K0.9892.971631601,6122,041
2018-01-24$21.80$22.5020.2%5.8%19.4%35.3%24.6%-5.3%-8.2%-55.0K140.5K-12.1K0.89116.701841631,6052,049
2018-01-25$21.83$22.5016.8%4.8%16.6%24.6%16.5%-26.2%-2.3%-66.4K79.1K-11.0K0.89113.811831621,5962,042
2018-01-26$21.75$22.5017.5%5.0%14.8%26.8%28.3%20.8%7.9%-42.4K94.8K-13.0K1.01122.451671691,6082,052
2018-01-29$21.50$22.5028.9%8.3%15.4%63.3%31.2%2.9%-10.2%-60.9K546.4K-11.8K1.2793.741662111,5982,059
2018-01-30$21.30$22.5030.2%8.7%15.5%67.5%30.6%-2.6%-11.2%-65.8K734.9K-11.5K0.99110.081871861,6092,110
2018-01-31$21.15$22.5031.9%9.2%10.8%72.9%27.9%13.6%42.9%-61.2K790.8K-11.8K0.35111.704721661,5992,109