KNOP Options History — February 2019

In February 2019, KNOP traded between $18.16 and $18.78. ATM implied volatility averaged 22.7%, placing in the 36.3% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 5.2% (HV 20d: 17.5%). Max pain ranged from $17.50 to $17.50. Net GEX was positive for 13 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 5.02.

Notable Days

2019-02-21: Highest Volume — 649 contracts
2019-02-20: Largest IV spike — 43.9% change
2019-02-07: Highest IV Rank — 50.3%
2019-02-07: Largest Expected Move — 8.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$18.52	$18.16	$18.78	$18.49	$18.16
Max Pain	$17.50	$17.50	$17.50	$17.50	$17.50
ATM IV	22.7%	14.8%	28.6%	18.6%	19.8%
Expected Move	6.8%	4.2%	8.2%	7.7%	5.7%
HV 20d	17.5%	15.2%	22.2%	22.2%	15.2%
HV 60d	23.9%	23.6%	24.2%	23.9%	23.7%
IV Rank	36.3%	17.5%	50.3%	26.7%	29.4%
IV Percentile	60.1%	14.3%	86.9%	38.9%	46.0%
Term Structure	2.5%	-2.2%	8.9%	-0.6%	4.7%
VWIV	22.3%	15.5%	28.0%	22.3%	16.3%
Skew 25d	8.9%	3.3%	15.1%	5.0%	7.4%
Skew 10d	9.7%	2.0%	18.0%	2.0%	18.0%
Call IV 25d	17.5%	12.6%	24.5%	22.4%	16.7%
Put IV 25d	26.4%	24.1%	28.5%	27.4%	24.1%
Bid-Ask Spread %	95.66	90.47	104.26	93.48	96.62
Gamma HHI	0.47	0.45	0.53	0.45	0.53
Net GEX	952	-45.2K	23.1K	1.0K	-45.2K
Net DEX	1.6M	1.2M	2.2M	1.7M	2.2M
Net VEX	-10.5K	-11.4K	-9.4K	-10.7K	-9.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	5.02	0.05	65.00	0.32	1.41
Total Volume	221.579	41	649	287	373
Total OI	4,692.316	4,362	5,106	4,451	5,106

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
2019-02-01	$18.49	$17.50	18.6%	7.7%	22.2%	26.7%	22.3%	5.0%	-0.6%	1.0K	1.7M	-10.7K	0.32	93.48	218	69	2,207	2,244
2019-02-04	$18.43	$17.50	20.7%	7.8%	20.3%	31.5%	27.3%	4.4%	-1.0%	-677	1.6M	-10.6K	0.13	92.11	166	22	2,238	2,195
2019-02-05	$18.53	$17.50	20.2%	7.8%	18.2%	30.3%	27.2%	3.3%	-0.7%	8.3K	1.5M	-10.9K	1.57	95.87	23	36	2,389	2,213
2019-02-06	$18.77	$17.50	21.1%	6.0%	18.5%	32.4%	0.0%	4.5%	0.8%	16.1K	1.4M	-11.4K	1.89	97.38	27	51	2,392	2,225
2019-02-07	$18.59	$17.50	28.6%	8.2%	18.7%	50.3%	0.0%	4.7%	-2.2%	11.1K	1.5M	-10.9K	3.97	96.39	32	127	2,392	2,210
2019-02-08	$18.51	$17.50	28.1%	8.1%	18.7%	49.1%	0.0%	11.6%	-1.4%	9.8K	1.5M	-10.7K	4.54	99.05	28	127	2,392	2,176
2019-02-11	$18.41	$17.50	28.0%	8.0%	18.2%	48.8%	28.0%	12.8%	-1.5%	6.4K	1.6M	-10.2K	65.00	94.57	1	65	2,392	2,154
2019-02-12	$18.42	$17.50	28.3%	8.1%	18.1%	49.7%	27.2%	4.0%	-2.2%	1.3K	1.6M	-10.2K	1.50	94.25	44	66	2,392	2,216
2019-02-13	$18.47	$17.50	26.7%	7.7%	17.9%	45.9%	17.3%	11.7%	-1.8%	4.8K	1.5M	-10.2K	0.35	96.25	43	15	2,420	2,217
2019-02-14	$18.52	$17.50	22.2%	6.4%	17.2%	35.1%	15.5%	15.1%	8.9%	8.5K	1.5M	-10.2K	0.88	95.51	89	78	2,430	2,230
2019-02-15	$18.57	$17.50	20.9%	6.0%	17.0%	32.1%	15.7%	10.8%	8.5%	12.8K	1.5M	-10.1K	1.02	95.21	85	87	2,475	2,216
2019-02-19	$18.78	$17.50	14.8%	4.2%	17.5%	17.5%	26.9%	12.8%	8.9%	23.1K	1.2M	-10.3K	3.80	94.16	25	95	2,303	2,059
2019-02-20	$18.63	$17.50	21.3%	6.1%	16.3%	32.9%	25.0%	9.9%	6.0%	11.9K	1.5M	-10.0K	1.18	104.26	288	339	2,318	2,128
2019-02-21	$18.57	$17.50	21.2%	6.1%	16.2%	32.8%	24.6%	11.4%	6.5%	375	1.7M	-10.6K	1.20	90.47	295	354	2,451	2,396
2019-02-22	$18.58	$17.50	22.3%	6.4%	15.8%	35.3%	25.9%	12.5%	5.1%	-648	1.7M	-10.8K	5.52	94.57	60	331	2,453	2,471
2019-02-25	$18.56	$17.50	22.7%	6.5%	15.4%	36.4%	0.0%	11.1%	4.7%	-12.4K	1.8M	-10.7K	0.05	96.52	39	2	2,454	2,527
2019-02-26	$18.48	$17.50	22.8%	6.5%	15.5%	36.6%	17.0%	9.2%	4.3%	-14.9K	1.9M	-10.7K	0.84	95.45	75	63	2,456	2,529
2019-02-27	$18.38	$17.50	23.0%	6.6%	15.5%	37.0%	18.1%	7.3%	-0.1%	-23.6K	2.0M	-10.5K	0.22	95.32	304	68	2,502	2,586
2019-02-28	$18.16	$17.50	19.8%	5.7%	15.2%	29.4%	16.3%	7.4%	4.7%	-45.2K	2.2M	-9.4K	1.41	96.62	155	218	2,515	2,591