KNOP Options History — September 2019

In September 2019, KNOP traded between $18.52 and $19.03. ATM implied volatility averaged 20.0%, placing in the 17.7% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded above realized volatility by 9.2% (HV 20d: 10.8%). Max pain ranged from $20.00 to $20.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.39.

Notable Days

2019-09-24: Highest Volume — 176 contracts
2019-09-06: Largest IV spike — 214.1% change
2019-09-06: Highest IV Rank — 67.9%
2019-09-30: Largest Expected Move — 6.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$18.81	$18.52	$19.03	$18.53	$19.03
Max Pain	$20.00	$20.00	$20.00	$20.00	$20.00
ATM IV	20.0%	14.4%	48.2%	15.4%	23.6%
Expected Move	5.2%	4.1%	6.8%	4.4%	6.8%
HV 20d	10.8%	8.7%	13.2%	12.7%	9.1%
HV 60d	13.3%	12.8%	13.6%	13.2%	12.8%
IV Rank	17.7%	7.9%	67.9%	9.5%	24.1%
IV Percentile	45.2%	10.7%	99.6%	19.0%	76.2%
Term Structure	-2.5%	-10.7%	6.5%	4.7%	-10.7%
VWIV	19.4%	12.9%	33.1%	17.7%	21.8%
Skew 25d	3.8%	-0.3%	9.6%	2.4%	6.9%
Skew 10d	8.0%	-1.1%	82.3%	1.2%	8.2%
Call IV 25d	19.2%	14.0%	25.8%	14.2%	25.1%
Put IV 25d	23.0%	16.6%	32.0%	16.6%	32.0%
Bid-Ask Spread %	87.69	75.32	98.49	76.02	97.90
Gamma HHI	0.51	0.45	0.57	0.54	0.55
Net GEX	-24.7K	-38.5K	-9.1K	-35.1K	-30.9K
Net DEX	792.0K	441.8K	1.2M	1.1M	441.8K
Net VEX	-5.8K	-6.8K	-4.0K	-6.5K	-4.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.39	0.00	1.67	0.00	0.00
Total Volume	40.8	0	176	39	1
Total OI	3,392.95	3,249	3,501	3,407	3,249

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
2019-09-03	$18.53	$20.00	15.4%	4.4%	12.7%	9.5%	0.0%	2.4%	4.7%	-35.1K	1.1M	-6.5K	0.00	76.02	39	0	1,684	1,723
2019-09-04	$18.53	$20.00	14.7%	4.2%	12.7%	8.2%	0.0%	5.3%	6.5%	-36.6K	1.1M	-6.5K	0.17	78.56	71	12	1,675	1,723
2019-09-05	$18.52	$20.00	15.3%	5.7%	12.6%	9.4%	17.7%	0.9%	2.1%	-38.5K	1.2M	-6.1K	1.67	75.32	3	5	1,666	1,723
2019-09-06	$18.59	$20.00	48.2%	6.0%	12.3%	67.9%	0.0%	1.6%	0.7%	-30.9K	1.1M	-6.4K	0.60	76.73	10	6	1,669	1,724
2019-09-09	$18.86	$20.00	22.0%	4.3%	13.2%	21.2%	0.0%	4.2%	1.1%	-15.9K	912.6K	-6.4K	0.00	79.40	0	0	1,679	1,728
2019-09-10	$18.81	$20.00	23.6%	4.1%	12.6%	24.2%	12.9%	3.6%	0.7%	-17.0K	913.1K	-6.5K	0.40	77.21	10	4	1,679	1,728
2019-09-11	$18.78	$20.00	14.4%	4.1%	12.6%	7.9%	17.4%	3.2%	0.4%	-19.2K	945.7K	-6.3K	0.39	89.70	51	20	1,689	1,730
2019-09-12	$18.64	$20.00	19.2%	5.5%	12.9%	16.2%	15.9%	-0.3%	5.9%	-24.5K	946.7K	-6.8K	0.08	98.49	12	1	1,729	1,731
2019-09-13	$18.78	$20.00	19.9%	5.7%	13.0%	17.6%	0.0%	2.9%	-6.8%	-20.4K	815.0K	-6.6K	0.00	83.93	10	0	1,741	1,723
2019-09-16	$18.90	$20.00	15.5%	4.4%	10.5%	9.7%	17.4%	3.5%	-0.7%	-9.1K	705.2K	-6.4K	0.83	94.21	24	20	1,752	1,723
2019-09-17	$18.89	$20.00	16.4%	4.7%	9.5%	11.3%	25.1%	5.7%	-0.9%	-12.0K	755.8K	-6.4K	0.00	92.38	0	40	1,773	1,728
2019-09-18	$18.82	$20.00	20.4%	5.8%	8.7%	18.4%	21.5%	1.8%	-4.4%	-25.6K	712.0K	-5.5K	0.00	98.45	2	0	1,773	1,688
2019-09-19	$18.97	$20.00	16.6%	4.8%	9.0%	11.7%	13.8%	3.8%	-3.1%	-23.7K	584.6K	-5.2K	0.00	97.04	0	10	1,774	1,688
2019-09-20	$18.83	$20.00	19.1%	5.5%	9.4%	16.1%	19.5%	3.4%	-2.6%	-23.8K	712.8K	-5.5K	0.63	98.03	16	10	1,774	1,698
2019-09-23	$18.95	$20.00	17.6%	5.1%	8.8%	13.5%	18.7%	5.0%	-10.2%	-27.2K	616.1K	-5.0K	0.20	80.92	49	10	1,628	1,643
2019-09-24	$18.88	$20.00	20.8%	6.0%	8.7%	19.1%	21.1%	5.1%	-9.3%	-32.0K	641.9K	-4.8K	0.13	82.20	156	20	1,659	1,643
2019-09-25	$18.99	$20.00	17.1%	4.9%	8.7%	12.6%	18.2%	9.6%	-7.1%	-14.7K	502.6K	-4.9K	0.15	95.04	132	20	1,735	1,645
2019-09-26	$18.89	$20.00	18.8%	5.4%	9.0%	15.5%	17.3%	7.8%	-7.5%	-25.2K	566.5K	-4.9K	0.00	93.91	0	20	1,646	1,635
2019-09-27	$18.95	$20.00	20.7%	5.9%	9.1%	19.1%	33.1%	0.5%	-9.1%	-32.2K	502.2K	-4.7K	1.00	88.27	16	16	1,646	1,615
2019-09-30	$19.03	$20.00	23.6%	6.8%	9.1%	24.1%	21.8%	6.9%	-10.7%	-30.9K	441.8K	-4.0K	0.00	97.90	1	0	1,640	1,609