KNOP Options History — November 2019

In November 2019, KNOP traded between $18.57 and $19.44. ATM implied volatility averaged 17.6%, placing in the 13.5% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded above realized volatility by 2.1% (HV 20d: 15.5%). Max pain ranged from $20.00 to $20.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.68.

Notable Days

2019-11-21: Highest Volume — 188 contracts
2019-11-13: Largest IV drop — 63.0% change
2019-11-12: Highest IV Rank — 62.1%
2019-11-20: Largest Expected Move — 5.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$18.99	$18.57	$19.44	$19.29	$19.07
Max Pain	$20.00	$20.00	$20.00	$20.00	$20.00
ATM IV	17.6%	10.0%	45.0%	12.2%	15.4%
Expected Move	4.3%	3.3%	5.9%	3.5%	4.4%
HV 20d	15.5%	12.9%	17.5%	15.5%	13.0%
HV 60d	12.5%	11.9%	12.9%	12.9%	12.9%
IV Rank	13.5%	0.0%	62.1%	3.4%	9.6%
IV Percentile	31.7%	0.0%	98.8%	4.4%	25.0%
Term Structure	3.3%	-3.7%	8.8%	5.8%	6.2%
VWIV	14.9%	9.9%	23.9%	18.6%	10.7%
Skew 25d	5.8%	-6.6%	110.5%	6.8%	2.2%
Skew 10d	7.5%	-8.6%	146.8%	16.4%	-4.5%
Call IV 25d	15.3%	10.6%	21.4%	18.9%	13.1%
Put IV 25d	21.1%	11.3%	126.7%	25.6%	15.3%
Bid-Ask Spread %	96.93	89.01	106.00	106.00	96.00
Gamma HHI	0.52	0.48	0.57	0.51	0.53
Net GEX	33.5K	11.4K	51.9K	39.5K	43.9K
Net DEX	175.0K	-43.0K	419.6K	-43.0K	55.4K
Net VEX	-5.9K	-6.9K	-5.3K	-6.9K	-5.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.68	0.00	4.00	0.00	0.29
Total Volume	67.35	0	188	25	9
Total OI	2,841.1	2,664	3,120	2,717	3,120

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
2019-11-01	$19.29	$20.00	12.2%	3.5%	15.5%	3.4%	0.0%	6.8%	5.8%	39.5K	-43.0K	-6.9K	0.00	106.00	25	0	1,582	1,135
2019-11-04	$19.39	$20.00	10.0%	5.3%	15.5%	0.0%	18.6%	-2.8%	-1.6%	41.8K	-32.2K	-6.5K	0.15	94.16	120	18	1,564	1,135
2019-11-05	$19.44	$20.00	11.4%	4.7%	15.5%	2.3%	16.3%	110.5%	1.1%	36.3K	-1.5K	-6.4K	0.00	94.29	85	0	1,513	1,151
2019-11-06	$19.33	$20.00	18.0%	4.8%	15.1%	14.2%	0.0%	-2.5%	-0.7%	46.1K	3.2K	-6.6K	0.24	98.32	46	11	1,611	1,151
2019-11-07	$19.14	$20.00	20.8%	4.5%	15.5%	19.1%	16.1%	-2.3%	0.5%	35.6K	153.4K	-6.2K	0.01	101.16	95	1	1,621	1,147
2019-11-08	$19.11	$20.00	27.1%	4.9%	15.1%	30.4%	0.0%	-4.6%	-0.9%	40.9K	125.7K	-6.3K	0.00	98.46	0	0	1,667	1,146
2019-11-11	$19.07	$20.00	34.1%	4.2%	14.9%	42.7%	0.0%	-4.8%	-0.3%	37.2K	175.5K	-6.0K	0.00	89.01	0	0	1,667	1,145
2019-11-12	$18.92	$20.00	45.0%	3.3%	15.1%	62.1%	10.9%	0.7%	6.6%	27.8K	330.4K	-5.6K	4.00	95.33	18	72	1,667	1,144
2019-11-13	$18.64	$20.00	16.6%	4.8%	15.8%	11.7%	13.7%	8.1%	5.0%	12.8K	419.6K	-5.5K	2.37	94.04	35	83	1,670	1,119
2019-11-14	$18.71	$20.00	17.8%	5.1%	15.9%	13.8%	23.9%	10.8%	5.9%	21.5K	353.6K	-5.8K	0.67	89.76	18	12	1,701	1,137
2019-11-15	$18.78	$20.00	12.2%	3.5%	15.8%	3.9%	10.0%	1.5%	6.0%	19.1K	337.3K	-5.4K	0.18	94.73	22	4	1,711	1,127
2019-11-18	$18.70	$20.00	14.4%	4.1%	15.5%	7.7%	15.6%	2.8%	5.0%	16.5K	322.4K	-5.3K	0.83	97.86	41	34	1,648	1,082
2019-11-19	$18.61	$20.00	13.9%	4.0%	15.2%	6.8%	0.0%	-6.6%	-1.1%	12.2K	371.6K	-5.3K	0.12	99.02	93	11	1,668	1,109
2019-11-20	$18.57	$20.00	20.7%	5.9%	14.6%	19.0%	22.6%	1.9%	-3.7%	11.4K	361.9K	-5.5K	1.45	99.42	29	42	1,674	1,114
2019-11-21	$18.99	$20.00	11.4%	3.3%	17.3%	2.5%	11.3%	-4.1%	5.2%	33.1K	145.2K	-5.5K	0.07	103.37	175	13	1,662	1,154
2019-11-22	$18.98	$20.00	11.5%	3.3%	17.3%	2.6%	9.9%	-0.5%	7.1%	45.9K	100.2K	-6.1K	0.25	96.60	73	18	1,777	1,167
2019-11-25	$19.02	$20.00	12.4%	3.6%	17.4%	4.3%	14.7%	-2.5%	5.6%	45.6K	107.9K	-5.6K	0.94	89.50	16	15	1,834	1,182
2019-11-26	$19.09	$20.00	12.2%	3.5%	17.5%	3.8%	0.0%	1.8%	8.8%	51.8K	72.6K	-5.7K	0.06	100.10	100	6	1,818	1,189
2019-11-27	$18.97	$20.00	15.7%	4.5%	12.9%	10.0%	0.0%	-0.5%	5.1%	51.9K	140.8K	-5.8K	0.00	101.40	0	7	1,918	1,195
2019-11-29	$19.07	$20.00	15.4%	4.4%	13.0%	9.6%	10.7%	2.2%	6.2%	43.9K	55.4K	-5.9K	0.29	96.00	7	2	1,918	1,202