KNOP Options History — February 2020

In February 2020, KNOP traded between $16.32 and $19.31. ATM implied volatility averaged 23.2%, placing in the 24.6% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 2.4% (HV 20d: 20.7%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 2 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 2.09.

Notable Days

2020-02-27: Highest Volume — 353 contracts
2020-02-24: Largest IV spike — 224.5% change
2020-02-28: Highest IV Rank — 68.3%
2020-02-28: Largest Expected Move — 13.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$18.51	$16.32	$19.31	$19.05	$16.32
Max Pain	$20.79	$20.00	$22.50	$20.00	$22.50
ATM IV	23.2%	12.3%	48.1%	15.8%	48.1%
Expected Move	6.0%	3.5%	13.8%	4.5%	13.8%
HV 20d	20.7%	18.9%	23.9%	19.1%	22.1%
HV 60d	15.9%	14.6%	19.0%	14.6%	19.0%
IV Rank	24.6%	5.4%	68.3%	11.6%	68.3%
IV Percentile	54.3%	7.5%	99.2%	30.6%	99.2%
Term Structure	0.8%	-33.8%	12.4%	5.8%	-17.5%
VWIV	33.1%	15.2%	72.6%	19.8%	72.6%
Skew 25d	5.2%	-21.6%	20.2%	-2.8%	-21.6%
Skew 10d	1.7%	-13.9%	12.5%	2.8%	2.4%
Call IV 25d	18.0%	9.4%	60.0%	21.0%	60.0%
Put IV 25d	23.2%	14.8%	38.4%	18.2%	38.4%
Bid-Ask Spread %	100.54	75.70	143.52	100.83	143.52
Gamma HHI	0.51	0.38	0.72	0.51	0.50
Net GEX	-12.5K	-31.6K	4.5K	-17.6K	-4.9K
Net DEX	1.1M	594.2K	1.6M	993.7K	1.5M
Net VEX	-5.9K	-7.1K	-4.4K	-5.9K	-5.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.09	0.00	6.67	1.20	1.10
Total Volume	80.789	8	353	66	61
Total OI	2,816.474	2,578	3,001	2,578	3,001

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
2020-02-03	$19.05	$20.00	15.8%	4.5%	19.1%	11.6%	19.8%	-2.8%	5.8%	-17.6K	993.7K	-5.9K	1.20	100.83	30	36	1,281	1,297
2020-02-04	$19.09	$20.00	19.8%	5.7%	18.9%	18.6%	0.0%	13.4%	1.0%	-19.2K	1.0M	-5.9K	0.00	105.78	0	8	1,267	1,327
2020-02-05	$19.31	$20.00	17.5%	5.0%	19.3%	14.7%	0.0%	20.2%	9.7%	-12.8K	911.6K	-5.4K	0.11	104.33	9	1	1,267	1,330
2020-02-06	$18.99	$20.00	14.6%	5.4%	19.7%	9.6%	23.8%	11.5%	3.9%	-27.9K	1.2M	-5.1K	3.50	80.53	16	56	1,258	1,331
2020-02-07	$18.97	$20.00	20.9%	4.9%	19.7%	20.6%	0.0%	3.4%	5.7%	-22.7K	1.0M	-6.1K	0.00	77.39	0	41	1,257	1,375
2020-02-10	$18.71	$20.00	40.9%	5.9%	20.0%	55.7%	19.5%	12.8%	-2.5%	-31.6K	1.2M	-5.9K	0.55	75.70	78	43	1,257	1,401
2020-02-11	$18.72	$20.00	42.8%	5.5%	19.2%	59.0%	19.7%	5.9%	-4.6%	-22.8K	985.0K	-6.5K	0.36	91.33	135	49	1,342	1,418
2020-02-12	$19.19	$20.00	14.0%	4.0%	21.1%	8.4%	0.0%	5.4%	12.4%	-824	594.2K	-7.1K	0.00	80.65	0	41	1,487	1,386
2020-02-13	$19.12	$20.00	12.3%	3.5%	21.1%	5.4%	15.2%	5.0%	7.8%	-1.4K	741.6K	-6.6K	1.85	88.28	20	37	1,487	1,414
2020-02-14	$19.18	$20.00	16.7%	4.8%	20.7%	13.1%	0.0%	4.3%	6.5%	-1.8K	687.6K	-5.9K	0.77	82.37	13	10	1,492	1,411
2020-02-18	$19.04	$20.00	14.1%	4.0%	20.7%	8.6%	0.0%	3.6%	4.6%	4.5K	676.2K	-6.8K	0.00	90.02	12	0	1,502	1,421
2020-02-19	$18.94	$20.00	14.8%	4.3%	20.7%	9.9%	0.0%	5.0%	7.2%	1.6K	756.7K	-6.5K	0.06	99.67	16	1	1,492	1,421
2020-02-20	$18.84	$20.00	13.1%	3.8%	20.7%	7.0%	36.7%	4.0%	8.6%	-93	876.6K	-6.0K	6.67	96.42	9	60	1,492	1,420
2020-02-21	$18.55	$22.50	12.7%	3.6%	20.9%	6.1%	0.0%	2.5%	2.7%	-6.2K	1.1M	-6.0K	3.50	98.50	12	42	1,485	1,478
2020-02-24	$18.13	$22.50	41.1%	11.8%	20.8%	55.9%	40.6%	15.3%	-33.8%	-17.0K	1.2M	-5.3K	6.00	116.74	15	90	1,449	1,422
2020-02-25	$17.57	$22.50	27.5%	7.9%	22.7%	32.2%	29.9%	1.6%	-3.8%	-23.7K	1.6M	-4.4K	4.56	126.40	36	164	1,434	1,469
2020-02-26	$17.24	$22.50	24.4%	7.0%	23.1%	26.6%	51.3%	3.2%	-4.6%	-21.0K	1.6M	-5.3K	1.05	122.25	20	21	1,468	1,491
2020-02-27	$16.75	$22.50	29.3%	8.4%	23.9%	35.3%	34.5%	6.2%	5.9%	-12.1K	1.5M	-5.8K	2.18	129.66	111	242	1,483	1,500
2020-02-28	$16.32	$22.50	48.1%	13.8%	22.1%	68.3%	72.6%	-21.6%	-17.5%	-4.9K	1.5M	-5.0K	1.10	143.52	29	32	1,582	1,419