KNOP Options History — February 2018

In February 2018, KNOP traded between $19.40 and $21.15. ATM implied volatility averaged 27.5%, placing in the 58.7% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded above realized volatility by 0.8% (HV 20d: 26.7%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 2.66.

Notable Days

2018-02-05: Highest Volume — 601 contracts
2018-02-05: Largest IV spike — 56.5% change
2018-02-06: Highest IV Rank — 97.2%
2018-02-27: Largest Expected Move — 10.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$20.36	$19.40	$21.15	$20.50	$19.90
Max Pain	$20.13	$20.00	$22.50	$22.50	$20.00
ATM IV	27.5%	19.1%	39.5%	22.5%	28.1%
Expected Move	7.7%	5.6%	10.2%	7.1%	8.1%
HV 20d	26.7%	14.7%	30.2%	14.7%	30.2%
HV 60d	24.3%	23.4%	27.2%	26.9%	23.5%
IV Rank	58.7%	31.9%	97.2%	42.6%	60.8%
IV Percentile	76.0%	23.4%	99.2%	55.2%	86.9%
Term Structure	-3.1%	-11.9%	9.2%	-1.0%	-3.4%
VWIV	26.2%	16.8%	33.9%	23.5%	30.5%
Skew 25d	13.0%	-2.5%	30.4%	16.3%	-2.5%
Skew 10d	23.5%	-2.4%	50.3%	25.6%	-2.4%
Call IV 25d	21.9%	17.0%	29.1%	18.3%	29.1%
Put IV 25d	34.8%	20.6%	57.7%	34.6%	26.6%
Bid-Ask Spread %	113.43	90.84	133.13	109.53	109.47
Gamma HHI	0.59	0.49	0.67	0.55	0.63
Net GEX	-81.0K	-108.0K	-62.0K	-69.9K	-71.2K
Net DEX	1.3M	666.2K	2.2M	1.3M	1.6M
Net VEX	-9.6K	-10.5K	-8.6K	-10.5K	-8.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.66	0.54	5.15	0.54	4.25
Total Volume	451.368	324	601	324	394
Total OI	3,714.263	3,499	3,894	3,499	3,669

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
2018-02-01	$20.50	$22.50	22.5%	7.1%	14.7%	42.6%	23.5%	16.3%	-1.0%	-69.9K	1.3M	-10.5K	0.54	109.53	211	113	1,378	2,121
2018-02-02	$20.00	$20.00	19.1%	6.5%	16.2%	31.9%	21.9%	9.8%	-0.3%	-73.7K	1.5M	-10.3K	0.63	111.98	208	131	1,406	2,147
2018-02-05	$19.40	$20.00	29.9%	6.7%	18.6%	66.4%	24.7%	11.8%	0.2%	-62.0K	2.2M	-8.6K	2.18	118.67	189	412	1,368	2,155
2018-02-06	$20.15	$20.00	39.5%	8.5%	24.2%	97.2%	28.6%	17.7%	-3.3%	-95.6K	1.8M	-10.2K	2.29	125.91	180	413	1,379	2,489
2018-02-07	$20.50	$20.00	25.7%	7.4%	25.1%	53.0%	28.1%	9.4%	-5.0%	-108.0K	1.3M	-10.0K	2.32	126.75	178	413	1,383	2,474
2018-02-08	$19.90	$20.00	21.5%	6.2%	26.6%	39.6%	22.6%	4.3%	2.7%	-91.2K	2.0M	-9.5K	1.75	133.13	172	301	1,383	2,474
2018-02-09	$19.85	$20.00	31.3%	9.0%	26.2%	70.8%	31.4%	13.3%	-3.8%	-90.3K	2.0M	-10.1K	2.61	115.42	123	321	1,383	2,476
2018-02-12	$20.40	$20.00	22.3%	6.4%	28.3%	42.2%	19.8%	23.8%	-2.5%	-92.7K	1.3M	-10.1K	2.42	125.19	132	319	1,382	2,451
2018-02-13	$20.75	$20.00	26.4%	7.6%	29.1%	55.3%	25.8%	21.1%	-0.2%	-90.5K	1.0M	-9.8K	1.88	116.24	174	327	1,385	2,453
2018-02-14	$20.78	$20.00	28.2%	8.1%	29.2%	61.1%	23.7%	23.7%	-3.1%	-95.6K	1.1M	-9.8K	2.22	119.39	174	386	1,400	2,453
2018-02-15	$20.86	$20.00	19.4%	5.6%	29.2%	33.0%	16.8%	3.6%	9.2%	-72.5K	869.0K	-10.0K	2.17	116.55	174	377	1,400	2,494
2018-02-16	$21.15	$20.00	26.4%	7.6%	29.7%	55.3%	22.1%	10.3%	-1.8%	-72.9K	666.2K	-9.5K	1.83	116.43	192	352	1,399	2,492
2018-02-20	$20.85	$20.00	34.8%	10.0%	30.0%	82.0%	33.0%	10.9%	-11.9%	-75.5K	788.4K	-9.5K	2.50	102.65	106	265	1,341	2,247
2018-02-21	$20.65	$20.00	25.2%	7.2%	30.1%	51.5%	25.4%	6.7%	-4.2%	-73.5K	763.6K	-9.3K	3.68	112.88	76	280	1,335	2,231
2018-02-22	$20.50	$20.00	26.2%	7.5%	30.1%	54.5%	26.6%	7.1%	-3.2%	-74.0K	1.0M	-9.4K	3.59	90.84	78	280	1,326	2,251
2018-02-23	$20.35	$20.00	32.8%	9.4%	30.1%	75.8%	31.4%	24.7%	-11.7%	-77.1K	1.2M	-8.9K	3.37	108.77	83	280	1,328	2,251
2018-02-26	$20.20	$20.00	27.3%	7.8%	30.1%	58.0%	28.0%	4.1%	-4.6%	-74.8K	1.2M	-8.7K	5.15	93.92	62	319	1,344	2,254
2018-02-27	$20.20	$20.00	35.5%	10.2%	30.0%	84.5%	33.9%	30.4%	-10.4%	-77.2K	1.4M	-8.8K	5.15	101.39	62	319	1,349	2,320
2018-02-28	$19.90	$20.00	28.1%	8.1%	30.2%	60.8%	30.5%	-2.5%	-3.4%	-71.2K	1.6M	-8.9K	4.25	109.47	75	319	1,349	2,320