KNOP Options History — January 2020

In January 2020, KNOP traded between $19.11 and $20.88. ATM implied volatility averaged 17.5%, placing in the 13.5% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded above realized volatility by 6.1% (HV 20d: 11.5%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 1.84.

Notable Days

  • 2020-01-14: Highest Volume — 842 contracts
  • 2020-01-14: Largest IV spike — 88.7% change
  • 2020-01-14: Highest IV Rank — 35.5%
  • 2020-01-23: Largest Expected Move — 6.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.26$19.11$20.88$19.81$19.11
Max Pain$18.93$17.50$20.00$20.00$20.00
ATM IV17.5%9.2%30.0%17.2%20.1%
Expected Move4.9%2.6%6.7%4.9%5.8%
HV 20d11.5%8.8%19.3%10.6%19.3%
HV 60d13.2%12.2%14.6%13.0%14.6%
IV Rank13.5%0.0%35.5%12.8%19.1%
IV Percentile44.1%0.0%96.4%44.0%67.9%
Term Structure0.5%-9.5%9.3%0.3%-1.0%
VWIV17.7%9.8%22.6%17.2%22.0%
Skew 25d2.2%-43.9%12.1%12.1%11.5%
Skew 10d1.3%-65.7%16.1%15.9%16.1%
Call IV 25d18.4%10.8%62.7%20.0%21.0%
Put IV 25d20.5%12.4%32.5%32.1%32.5%
Bid-Ask Spread %85.7373.84109.0683.70109.06
Gamma HHI0.730.390.890.870.45
Net GEX110.5K-8.4K220.4K188.6K-8.4K
Net DEX-797.3K-1.9M784.7K-922.5K784.7K
Net VEX-5.9K-7.0K-4.8K-6.4K-7.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.840.008.400.131.60
Total Volume187.905108421778
Total OI3,034.4762,3133,6843,3842,580

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-01-02$19.81$20.0017.2%4.9%10.6%12.8%17.2%12.1%0.3%188.6K-922.5K-6.4K0.1383.701522,1851,199
2020-01-03$19.93$20.0015.9%4.6%10.7%10.4%15.9%7.8%2.7%212.4K-1.1M-6.4K0.0285.2841482,1891,200
2020-01-06$20.06$17.5020.4%4.8%10.6%18.4%16.9%1.0%0.8%181.7K-1.2M-6.4K7.6791.346462,1171,205
2020-01-07$20.16$17.5017.2%5.1%10.6%12.8%17.8%0.7%-0.3%220.4K-1.3M-6.0K0.1578.55406602,1161,251
2020-01-08$20.30$17.5018.3%4.9%10.4%14.8%17.1%0.8%-0.7%207.7K-1.5M-5.5K8.4073.84151262,0401,383
2020-01-09$20.29$17.5013.0%5.0%10.4%5.3%0.0%1.9%-1.1%189.9K-1.5M-5.9K0.0090.9001002,0551,509
2020-01-10$20.19$17.5013.0%4.9%10.7%5.3%0.0%1.1%-0.4%218.6K-1.3M-6.1K3.5076.946212,0551,506
2020-01-13$20.44$17.5015.9%3.6%11.1%10.4%9.8%1.2%7.0%169.6K-1.9M-5.3K0.0586.31389212,0491,501
2020-01-14$20.67$17.5030.0%5.5%11.4%35.5%22.2%8.6%2.1%102.0K-1.7M-4.8K0.5392.885512911,8221,522
2020-01-15$20.70$17.5018.3%5.2%9.7%14.7%19.5%7.5%2.3%73.3K-1.2M-5.9K1.7887.2427481,8471,709
2020-01-16$20.88$17.5017.0%4.9%8.9%12.4%15.5%6.8%-3.1%76.9K-1.4M-5.0K0.1276.30286351,8561,729
2020-01-17$20.85$20.0017.6%5.0%8.8%13.5%19.2%7.9%-3.9%101.3K-1.5M-5.1K1.0881.6374801,9531,731
2020-01-21$20.77$20.0022.3%6.4%8.8%21.8%22.6%6.4%-9.5%57.7K-624.4K-6.1K0.2580.0699251,341972
2020-01-22$20.72$20.0020.2%5.8%9.0%18.0%0.0%6.2%-2.7%75.8K-635.2K-6.0K1.0081.3640401,338987
2020-01-23$20.74$20.0023.4%6.7%8.9%23.8%21.4%9.6%-7.5%84.6K-641.6K-5.4K0.0078.341001,3451,027
2020-01-24$20.25$20.0014.2%4.1%12.9%7.4%14.5%-2.9%4.6%73.9K-117.0K-6.0K0.0088.2301671,3361,027
2020-01-27$20.11$20.0016.7%4.8%13.0%11.8%16.5%-2.2%0.4%37.3K137.8K-6.0K4.1388.2515621,3361,170
2020-01-28$20.06$20.0012.7%3.7%13.0%4.8%12.4%-4.3%3.4%38.9K215.2K-5.8K1.4085.79571,3191,172
2020-01-29$20.12$20.009.2%2.6%13.0%0.0%0.0%-43.9%9.3%14.4K72.1K-5.5K0.3291.94213681,3201,179
2020-01-30$19.35$20.0015.3%4.4%18.9%10.8%20.6%8.0%8.4%4.4K618.0K-7.0K2.9192.3323671,3301,216
2020-01-31$19.11$20.0020.1%5.8%19.3%19.1%22.0%11.5%-1.0%-8.4K784.7K-7.0K1.60109.0630481,3111,269