KNOP Options History — March 2019

In March 2019, KNOP traded between $17.68 and $19.49. ATM implied volatility averaged 19.8%, placing in the 32.0% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 2.3% (HV 20d: 17.5%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 12 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 2.35.

Notable Days

  • 2019-03-14: Highest Volume — 1,406 contracts
  • 2019-03-19: Largest IV spike — 78.4% change
  • 2019-03-11: Highest IV Rank — 62.0%
  • 2019-03-08: Largest Expected Move — 8.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.62$17.68$19.49$18.05$19.03
Max Pain$19.25$17.50$20.00$17.50$20.00
ATM IV19.8%10.6%33.5%25.0%14.0%
Expected Move6.0%4.6%8.6%7.2%4.6%
HV 20d17.5%9.6%24.6%10.2%23.8%
HV 60d21.7%19.5%22.9%22.9%19.5%
IV Rank32.0%9.4%62.0%41.7%19.6%
IV Percentile44.2%3.2%96.8%75.0%13.1%
Term Structure1.3%-3.0%9.5%-3.0%6.1%
VWIV20.6%14.9%30.1%24.8%18.2%
Skew 25d3.6%-4.8%9.2%1.7%3.1%
Skew 10d6.0%-5.9%26.5%2.2%5.4%
Call IV 25d17.3%10.7%23.4%23.4%13.6%
Put IV 25d20.9%12.8%25.7%25.1%16.7%
Bid-Ask Spread %84.9662.04101.6895.6688.66
Gamma HHI0.610.480.740.580.64
Net GEX10.7K-106.2K129.8K-67.4K85.0K
Net DEX1.4M-386.4K3.0M2.6M794.7K
Net VEX-12.4K-16.7K-9.2K-9.2K-13.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.350.0310.001.332.95
Total Volume244.095111,406410150
Total OI5,853.3815,2996,6255,2996,027

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-03-01$18.05$17.5025.0%7.2%10.2%41.7%24.8%1.7%-3.0%-67.4K2.6M-9.2K1.3395.661762342,5542,745
2019-03-04$18.17$17.5022.2%6.4%10.5%35.1%0.0%0.7%-0.7%-70.9K2.5M-9.6K0.0395.1719662,5562,902
2019-03-05$18.06$17.5022.5%6.4%10.6%35.8%0.0%6.2%-1.1%-70.4K2.4M-10.4K0.9097.1521192,7522,908
2019-03-06$17.82$17.5026.0%7.5%11.2%44.1%26.1%1.0%-0.5%-91.2K2.7M-9.5K2.3792.7730712,7512,921
2019-03-07$17.82$17.5026.9%7.7%9.8%46.3%27.0%2.3%-1.1%-93.3K2.7M-9.7K2.7791.97401112,7562,941
2019-03-08$17.68$17.5030.0%8.6%9.6%53.7%30.1%3.1%-1.5%-106.2K3.0M-9.7K1.6993.0351862,7603,004
2019-03-11$17.90$20.0033.5%6.2%10.9%62.0%18.1%5.2%-1.6%-99.9K2.7M-9.7K2.2176.3714312,7753,043
2019-03-12$18.07$20.0022.6%6.1%11.5%36.1%20.9%7.4%-1.4%-88.4K2.6M-9.3K10.0072.431102,7883,050
2019-03-13$18.27$20.0022.8%6.3%12.3%36.4%22.6%9.2%-0.7%-68.6K2.4M-10.2K0.6577.4274482,7883,056
2019-03-14$19.04$20.0014.8%5.5%19.2%22.0%20.2%2.9%0.7%18.2K1.3M-12.3K0.3262.041,0643422,8843,082
2019-03-15$18.84$20.0014.9%5.4%19.7%22.2%18.6%-2.9%2.2%58.7K964.8K-14.2K0.5963.573341973,5803,045
2019-03-18$19.33$0.0010.6%5.4%21.6%9.4%0.0%3.3%9.5%108.9K160.5K-14.6K5.52101.68311713,2512,428
2019-03-19$19.33$20.0018.9%5.8%21.3%33.9%21.2%6.7%0.1%84.7K-152.9K-16.2K0.2493.455581333,2352,543
2019-03-20$19.48$20.0016.6%5.8%21.1%27.2%20.3%8.8%3.8%123.0K-334.9K-16.7K1.8196.05791433,4092,533
2019-03-21$19.49$20.0016.3%5.6%21.0%26.4%20.0%9.2%2.4%129.8K-386.4K-16.6K1.3880.2755763,4112,533
2019-03-22$18.85$20.0015.9%5.0%24.6%25.2%14.9%5.5%1.2%71.2K499.5K-15.0K1.4279.7955783,4162,542
2019-03-25$18.90$20.0017.8%5.1%24.6%30.8%0.0%-4.8%0.2%67.1K801.2K-13.6K0.4579.2942193,4162,551
2019-03-26$19.00$20.0017.4%4.9%24.5%29.6%15.2%4.3%-0.7%78.5K724.2K-13.8K2.2180.2042933,4092,564
2019-03-27$18.95$20.0012.7%5.0%24.5%15.7%15.1%1.3%8.8%79.1K908.2K-13.4K1.7980.0643773,4092,597
2019-03-28$18.95$20.0013.9%4.7%23.9%19.1%16.4%1.3%4.8%77.9K924.3K-13.4K8.6287.15131123,4092,597
2019-03-29$19.03$20.0014.0%4.6%23.8%19.6%18.2%3.1%6.1%85.0K794.7K-13.4K2.9588.66381123,4092,618