KNOP Options History — March 2020

In March 2020, KNOP traded between $8.90 and $16.87. ATM implied volatility averaged 75.9%, placing in the 62.6% IV rank vs the trailing year. The 30-day expected move averaged 19.6%. IV traded below realized volatility by 3.9% (HV 20d: 79.8%). Max pain ranged from $17.50 to $22.50. Net GEX was positive for 17 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 1.99.

Notable Days

  • 2020-03-12: Highest Volume — 632 contracts
  • 2020-03-05: Largest IV spike — 143.7% change
  • 2020-03-09: Highest IV Rank — 100.0%
  • 2020-03-18: Largest Expected Move — 29.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.02$8.90$16.87$16.87$10.17
Max Pain$18.64$17.50$22.50$22.50$17.50
ATM IV75.9%25.5%137.1%53.9%76.5%
Expected Move19.6%7.3%29.7%15.4%21.9%
HV 20d79.8%26.5%120.8%26.5%119.4%
HV 60d50.7%20.3%72.1%20.3%72.1%
IV Rank62.6%28.6%100.0%78.3%52.6%
IV Percentile97.9%90.1%100.0%99.6%96.4%
Term Structure-3.3%-28.4%99.8%-27.0%0.2%
VWIV74.1%39.4%135.0%49.3%76.3%
Skew 25d8.9%-30.4%47.6%8.6%4.8%
Skew 10d26.2%-38.1%91.7%14.9%2.2%
Call IV 25d70.2%33.4%109.4%53.7%68.7%
Put IV 25d79.1%39.5%130.2%62.3%73.4%
Bid-Ask Spread %106.5791.52129.98129.98120.36
Gamma HHI0.330.210.540.540.35
Net GEX1.6K-6.9K6.9K-6.9K1.5K
Net DEX1.1M739.9K1.5M1.5M860.1K
Net VEX-3.2K-5.5K-1.8K-5.1K-3.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.990.0612.500.610.63
Total Volume162.7731363221913
Total OI3,580.1363,0304,0163,0394,016

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-03-02$16.87$22.5053.9%15.4%26.5%78.3%49.3%8.6%-27.0%-6.9K1.5M-5.1K0.61129.98136831,6031,436
2020-03-03$16.85$22.5058.0%16.6%26.6%85.6%58.1%-30.4%-27.7%3.3K1.3M-4.6K0.93128.1742391,7421,383
2020-03-04$16.64$22.5025.5%7.3%26.5%28.6%0.0%14.0%-0.3%-1121.4M-4.6K1.00115.3110101,7621,413
2020-03-05$16.18$20.0062.1%9.8%26.6%92.7%39.4%4.6%4.6%4.1K1.4M-4.9K12.50106.744501,7771,413
2020-03-06$15.46$20.0061.7%13.4%29.5%92.0%39.9%1.5%-3.7%4.7K1.3M-5.5K3.22105.19451451,7811,393
2020-03-09$12.87$20.00110.0%19.7%67.9%100.0%47.0%19.5%-14.7%3.3K1.3M-2.4K0.1695.15154251,7561,274
2020-03-10$13.07$20.00137.1%16.1%69.0%100.0%40.6%7.4%-5.3%6.9K1.2M-3.1K2.8192.95361011,9051,263
2020-03-11$12.57$17.5051.0%14.6%69.0%32.7%48.8%-0.4%-5.3%4.1K1.4M-2.4K1.1696.871291501,9251,332
2020-03-12$11.63$17.5071.7%20.6%69.8%48.9%76.0%2.3%-22.8%-2.3K1.3M-2.7K1.5595.992483841,9871,461
2020-03-13$11.86$17.5080.7%23.1%71.2%55.9%82.8%16.4%-25.1%4.1K1.0M-3.5K0.2198.21209442,2501,496
2020-03-16$10.99$17.5093.4%26.8%72.8%65.8%91.1%3.9%-22.1%2.1K934.8K-3.4K2.4191.5217412,2081,470
2020-03-17$11.03$17.5083.4%23.9%73.3%58.0%81.8%5.1%-25.8%1.3K1.0M-2.7K8.8392.98181592,2281,499
2020-03-18$8.90$17.50103.6%29.7%98.3%73.8%135.0%20.8%-28.4%960988.0K-2.0K0.62100.082281422,2461,508
2020-03-19$9.62$17.5087.8%25.2%106.1%61.4%128.1%23.0%-22.6%4691.3M-2.1K5.20106.1510522,2621,648
2020-03-20$9.61$17.5072.7%20.8%106.5%49.6%78.4%20.7%-9.0%-4351.2M-2.3K0.06109.31324192,2621,587
2020-03-23$9.11$17.5072.9%20.9%106.7%49.8%99.9%22.0%99.8%1.1K911.2K-1.8K0.1396.612332,4091,437
2020-03-24$9.47$17.5062.1%17.8%109.8%41.4%62.0%-20.2%-17.2%45899.4K-1.9K0.23108.72159362,3861,440
2020-03-25$10.56$17.5060.9%17.5%120.5%40.5%62.1%-5.7%91.6%-1.1K851.9K-2.5K0.15109.31143212,3991,467
2020-03-26$10.54$17.5071.8%20.6%120.8%48.9%75.6%28.3%15.2%2.5K739.9K-3.2K0.83109.5030252,5351,470
2020-03-27$10.34$17.5082.2%23.6%120.8%57.1%93.3%1.9%-9.7%3.2K829.6K-3.3K0.27115.602262,4611,495
2020-03-30$10.05$17.5091.2%26.1%119.0%64.1%90.9%47.6%-17.5%2.7K916.7K-2.7K0.28119.8936102,4831,495
2020-03-31$10.17$17.5076.5%21.9%119.4%52.6%76.3%4.8%0.2%1.5K860.1K-3.1K0.63120.36852,5211,495