KNOP Options History — July 2018

In July 2018, KNOP traded between $21.70 and $22.50. ATM implied volatility averaged 16.2%, placing in the 20.9% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded above realized volatility by 0.3% (HV 20d: 15.9%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 2.74.

Notable Days

  • 2018-07-20: Highest Volume — 675 contracts
  • 2018-07-11: Largest IV spike — 45.3% change
  • 2018-07-19: Highest IV Rank — 30.3%
  • 2018-07-05: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.16$21.70$22.50$22.10$22.00
Max Pain$21.79$20.00$22.50$20.00$22.50
ATM IV16.2%12.1%20.2%12.9%14.9%
Expected Move5.0%3.7%7.5%3.7%4.3%
HV 20d15.9%14.5%17.5%17.5%16.0%
HV 60d17.2%15.0%18.3%18.3%15.8%
IV Rank20.9%11.1%30.3%13.1%17.9%
IV Percentile14.7%3.6%35.3%4.0%9.1%
Term Structure0.6%-10.0%12.3%6.9%1.8%
VWIV19.0%11.2%31.9%11.2%14.7%
Skew 25d9.0%-2.5%69.6%69.6%-0.4%
Skew 10d9.5%-2.9%89.2%89.2%-2.0%
Call IV 25d17.7%15.4%20.8%15.4%15.7%
Put IV 25d26.7%13.8%85.0%85.0%15.3%
Bid-Ask Spread %42.4223.42114.4181.4041.62
Gamma HHI0.540.490.610.530.61
Net GEX68.7K37.0K123.2K59.4K123.2K
Net DEX-952.4K-1.8M-460.4K-1.4M-817.5K
Net VEX-15.3K-16.8K-14.2K-16.8K-14.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.740.886.030.963.26
Total Volume439.286315675603439
Total OI4,565.8573,8775,0784,8414,044

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-07-02$22.10$20.0012.9%3.7%17.5%13.1%11.2%69.6%6.9%59.4K-1.4M-16.8K0.9681.403082952,6252,216
2018-07-03$22.15$20.0014.6%4.2%16.9%17.1%15.2%2.0%12.3%53.5K-1.3M-16.3K1.0793.241922052,5822,216
2018-07-05$22.35$20.0015.0%7.5%16.3%18.1%31.9%65.4%-10.0%62.7K-1.8M-15.9K1.02114.411921962,5092,226
2018-07-06$22.38$20.0016.1%5.9%16.0%20.7%20.8%5.6%-1.6%67.6K-1.8M-16.0K0.8867.492231962,5852,226
2018-07-09$22.20$20.0014.3%5.8%15.6%16.5%20.6%6.7%-0.8%56.6K-1.4M-15.3K1.6427.811362232,4952,226
2018-07-10$22.20$20.0012.1%4.2%14.8%11.1%14.6%6.3%0.2%58.6K-1.5M-15.6K2.7230.23932532,4972,278
2018-07-11$21.70$22.5017.5%5.0%17.2%24.0%19.1%3.9%-0.0%37.0K-802.0K-15.2K1.1136.302172402,5052,290
2018-07-12$21.75$22.5016.8%4.8%17.2%22.2%19.4%2.4%-1.0%44.5K-817.9K-15.4K1.6840.981372302,5782,309
2018-07-13$21.95$22.5020.0%5.7%17.4%29.9%21.3%2.0%-1.2%45.6K-805.2K-15.3K2.9432.37802352,5762,330
2018-07-16$21.90$22.5020.1%5.8%16.3%30.1%24.6%6.6%-0.3%44.1K-468.7K-14.9K3.8425.91692652,4932,437
2018-07-17$22.00$22.5018.6%5.3%15.0%26.5%24.4%6.6%-0.3%46.4K-578.4K-15.1K1.3927.211912652,4952,436
2018-07-18$22.18$22.5017.5%5.0%15.2%24.0%22.8%5.0%0.5%65.9K-871.5K-15.8K4.2231.61632662,6182,436
2018-07-19$22.18$22.5020.2%5.8%15.2%30.3%23.2%4.3%-1.6%61.8K-839.3K-15.9K4.7931.25974652,6222,456
2018-07-20$22.08$22.5019.1%5.5%14.8%27.8%22.5%4.1%-0.6%56.6K-651.7K-15.1K6.0331.33965792,6172,398
2018-07-23$22.50$22.5017.3%5.0%15.9%23.5%19.1%7.9%0.5%93.4K-791.2K-14.7K2.0634.461803712,0591,818
2018-07-24$22.35$22.5013.4%3.9%16.1%14.4%15.2%-2.2%1.9%82.0K-772.0K-15.2K2.6529.241183132,1251,820
2018-07-25$22.36$22.5016.9%4.8%15.9%22.6%16.0%-1.2%1.0%93.9K-725.5K-14.7K4.2725.28783332,1531,787
2018-07-26$22.47$22.5015.8%4.5%15.0%20.0%16.0%0.1%1.6%107.4K-758.9K-14.8K4.2723.42783332,1481,787
2018-07-27$22.21$22.5013.8%4.0%14.6%15.2%15.0%-2.5%0.8%77.7K-460.4K-14.9K5.0337.01703522,1361,787
2018-07-30$22.44$22.5013.4%3.8%14.5%14.3%12.2%-2.4%2.7%105.1K-600.2K-14.2K1.7528.202013522,1341,808
2018-07-31$22.00$22.5014.9%4.3%16.0%17.9%14.7%-0.4%1.8%123.2K-817.5K-14.4K3.2641.621033362,2361,808