KNOP Options History — December 2018

In December 2018, KNOP traded between $17.28 and $20.65. ATM implied volatility averaged 26.7%, placing in the 45.7% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 3.1% (HV 20d: 23.5%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 3.84.

Notable Days

2018-12-26: Highest Volume — 415 contracts
2018-12-17: Largest IV spike — 31.7% change
2018-12-24: Highest IV Rank — 66.5%
2018-12-24: Largest Expected Move — 10.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$18.92	$17.28	$20.65	$20.65	$17.82
Max Pain	$22.13	$20.00	$22.50	$20.00	$22.50
ATM IV	26.7%	17.9%	35.4%	17.9%	32.6%
Expected Move	7.4%	5.1%	10.2%	5.1%	9.3%
HV 20d	23.5%	15.2%	32.4%	15.2%	32.4%
HV 60d	17.3%	14.5%	21.5%	16.2%	21.5%
IV Rank	45.7%	25.0%	66.5%	25.0%	59.8%
IV Percentile	76.0%	36.1%	97.6%	36.1%	95.2%
Term Structure	-1.0%	-3.7%	3.9%	3.9%	-1.3%
VWIV	25.3%	18.2%	37.3%	20.5%	32.6%
Skew 25d	5.4%	-0.8%	16.3%	3.9%	6.1%
Skew 10d	9.0%	-0.6%	26.3%	26.3%	8.0%
Call IV 25d	21.9%	16.4%	31.7%	16.6%	25.5%
Put IV 25d	27.2%	17.6%	42.5%	20.5%	31.6%
Bid-Ask Spread %	72.99	47.71	99.58	67.05	70.14
Gamma HHI	0.66	0.46	0.84	0.73	0.50
Net GEX	-108.8K	-172.2K	-63.2K	-106.4K	-76.8K
Net DEX	3.1M	1.6M	4.3M	1.6M	3.6M
Net VEX	-8.5K	-10.1K	-6.4K	-8.9K	-8.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.84	0.15	21.00	0.43	0.38
Total Volume	233.6	66	415	96	72
Total OI	3,778.5	3,154	4,267	3,154	4,267

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
2018-12-03	$20.65	$20.00	17.9%	5.1%	15.2%	25.0%	20.5%	3.9%	3.9%	-106.4K	1.6M	-8.9K	0.43	67.05	67	29	942	2,212
2018-12-04	$20.12	$20.00	21.3%	6.1%	17.8%	33.1%	21.3%	4.6%	-2.6%	-115.1K	1.9M	-9.1K	0.47	97.85	90	42	997	2,219
2018-12-05	$20.20	$20.00	19.8%	5.7%	17.8%	29.4%	19.8%	4.0%	-0.4%	-114.8K	1.9M	-8.7K	0.47	99.58	90	42	997	2,219
2018-12-06	$20.06	$22.50	25.4%	6.0%	17.9%	42.6%	21.0%	7.7%	0.2%	-114.0K	2.0M	-9.2K	21.00	85.94	3	63	1,018	2,260
2018-12-07	$19.92	$22.50	23.8%	5.9%	18.0%	38.9%	20.2%	1.1%	-0.2%	-126.8K	2.2M	-9.0K	0.52	81.34	102	53	1,015	2,323
2018-12-10	$19.60	$22.50	25.4%	6.0%	18.7%	42.8%	21.1%	5.6%	-0.8%	-135.5K	2.7M	-8.5K	7.42	61.72	31	230	1,029	2,424
2018-12-11	$19.64	$22.50	23.3%	5.8%	18.7%	37.7%	20.7%	-0.3%	0.2%	-157.3K	2.9M	-9.4K	9.30	58.48	20	186	1,030	2,645
2018-12-12	$20.06	$22.50	19.5%	5.6%	20.4%	28.8%	18.2%	1.9%	0.4%	-172.2K	2.4M	-10.1K	4.75	57.35	40	190	1,040	2,656
2018-12-13	$19.76	$22.50	20.1%	5.8%	21.0%	30.1%	19.5%	-0.8%	0.1%	-162.6K	2.8M	-9.3K	4.78	71.16	40	191	1,067	2,658
2018-12-14	$19.15	$22.50	20.7%	5.9%	23.5%	31.6%	20.9%	3.9%	-0.5%	-132.5K	3.3M	-8.3K	4.75	71.71	63	299	1,067	2,660
2018-12-17	$18.68	$22.50	27.3%	7.8%	24.8%	47.2%	25.6%	5.3%	-0.6%	-108.9K	4.0M	-7.8K	2.27	47.71	70	159	1,064	2,959
2018-12-18	$18.24	$22.50	29.8%	8.5%	25.8%	53.1%	27.6%	3.0%	-2.9%	-99.3K	4.0M	-8.1K	0.81	57.28	219	178	1,073	3,063
2018-12-19	$18.40	$22.50	27.6%	7.9%	25.8%	47.9%	24.9%	11.9%	0.4%	-108.5K	4.0M	-8.4K	0.65	86.73	220	142	1,088	3,105
2018-12-20	$17.89	$22.50	30.8%	8.8%	25.7%	55.5%	30.5%	1.0%	-3.3%	-93.1K	4.3M	-6.9K	1.13	84.88	125	141	1,037	3,127
2018-12-21	$17.71	$22.50	31.1%	8.9%	25.7%	56.3%	28.1%	6.7%	-3.7%	-79.1K	4.1M	-7.5K	1.46	71.05	102	149	1,039	3,112
2018-12-24	$17.28	$22.50	35.4%	10.2%	26.5%	66.5%	31.5%	10.2%	-2.6%	-68.8K	3.7M	-6.4K	0.15	75.28	356	53	976	2,791
2018-12-26	$18.00	$22.50	34.7%	9.9%	31.4%	64.8%	32.0%	11.5%	-2.6%	-73.1K	3.3M	-9.1K	0.37	63.45	302	113	1,267	2,801
2018-12-27	$17.56	$22.50	34.8%	10.0%	32.1%	65.0%	37.3%	16.3%	-2.7%	-63.2K	3.5M	-7.9K	10.24	78.65	17	174	1,277	2,826
2018-12-28	$17.59	$22.50	31.8%	9.1%	31.6%	57.9%	31.8%	3.9%	-0.8%	-68.4K	3.6M	-8.5K	5.53	72.54	32	177	1,291	2,929
2018-12-31	$17.82	$22.50	32.6%	9.3%	32.4%	59.8%	32.6%	6.1%	-1.3%	-76.8K	3.6M	-8.9K	0.38	70.14	52	20	1,286	2,981