KNOP Options History — April 2020

In April 2020, KNOP traded between $9.24 and $15.19. ATM implied volatility averaged 63.5%, placing in the 42.5% IV rank vs the trailing year. The 30-day expected move averaged 17.7%. IV traded below realized volatility by 37.2% (HV 20d: 100.7%). Max pain ranged from $7.50 to $17.50. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 1.23.

Notable Days

  • 2020-04-08: Highest Volume — 1,281 contracts
  • 2020-04-28: Largest IV spike — 61.4% change
  • 2020-04-02: Highest IV Rank — 72.2%
  • 2020-04-03: Largest Expected Move — 25.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.41$9.24$15.19$9.71$14.16
Max Pain$10.71$7.50$17.50$17.50$15.00
ATM IV63.5%39.0%101.5%70.7%47.9%
Expected Move17.7%11.2%25.2%20.3%13.7%
HV 20d100.7%79.7%125.1%119.5%84.4%
HV 60d82.6%72.3%89.6%72.3%89.6%
IV Rank42.5%23.3%72.2%48.1%30.3%
IV Percentile91.0%84.1%98.8%94.4%84.1%
Term Structure0.9%-27.2%81.0%23.9%7.0%
VWIV60.8%44.6%86.7%80.3%51.1%
Skew 25d23.9%-6.3%80.7%25.2%19.2%
Skew 10d38.9%-3.3%127.0%23.0%40.2%
Call IV 25d61.8%33.1%169.0%91.7%52.3%
Put IV 25d85.7%37.4%198.6%116.9%71.4%
Bid-Ask Spread %101.5375.95118.16118.16104.41
Gamma HHI0.390.290.650.330.50
Net GEX9.1K-10.1K46.3K1.5K22.9K
Net DEX351.2K-345.1K971.5K926.5K61.8K
Net VEX-3.8K-5.1K-2.2K-2.6K-5.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.230.009.090.002.71
Total Volume210.42951,2814063
Total OI4,388.2863,8035,4434,0243,902

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-04-01$9.71$17.5070.7%20.3%119.5%48.1%0.0%25.2%23.9%1.5K926.5K-2.6K0.00118.164002,5241,500
2020-04-02$9.70$7.50101.5%22.6%119.9%72.2%80.3%49.3%-22.1%2.5K902.8K-2.7K3.25101.404132,5641,500
2020-04-03$9.24$10.0077.4%25.2%120.0%53.4%86.7%28.5%-27.2%1.7K971.5K-2.2K1.52106.4021322,5681,511
2020-04-06$9.70$10.0080.8%20.5%107.1%56.0%0.0%52.9%-13.5%1.5K931.9K-2.6K0.53100.2460322,6171,501
2020-04-07$9.76$10.0090.9%20.4%106.8%63.9%46.7%23.4%-5.8%1.0K828.7K-2.6K1.6790.2724402,5571,421
2020-04-08$10.74$10.0046.8%13.4%113.3%29.4%54.2%43.3%3.1%2.1K837.0K-2.2K9.09101.921271,1542,5781,461
2020-04-09$11.79$10.0051.7%14.8%115.5%33.3%61.2%10.3%-11.5%-10.1K875.1K-3.4K0.9899.542832782,5992,432
2020-04-13$13.33$10.0047.2%13.5%123.3%29.7%44.6%-6.3%9.9%18.4K262.0K-3.7K0.2589.99212542,7102,613
2020-04-14$14.20$10.0039.0%11.2%120.9%23.3%74.2%4.3%16.3%21.0K-125.3K-4.0K0.05102.73392212,8052,638
2020-04-15$13.14$10.0059.1%16.9%125.1%39.0%65.7%7.8%10.6%8.5K291.9K-4.7K1.4692.8235512,7702,634
2020-04-16$13.07$10.0055.2%15.8%93.6%36.0%55.2%15.0%-1.5%9.2K310.5K-4.3K0.7375.9559432,7592,626
2020-04-17$13.15$10.0059.8%17.1%91.1%39.6%59.8%11.8%-8.8%9.6K268.4K-4.4K0.2998.13112322,7832,660
2020-04-20$12.91$10.0051.1%14.7%91.7%32.8%70.3%29.7%81.0%7.0K136.6K-4.3K0.03112.6022661,9591,844
2020-04-21$12.78$10.0078.0%22.4%88.7%53.8%64.5%14.3%-9.7%-1.8K208.4K-4.8K1.5096.57232,1191,848
2020-04-22$13.19$10.0076.2%21.9%88.5%52.4%64.6%17.4%-19.5%2.7K118.3K-5.1K0.1798.07612,1211,870
2020-04-23$13.37$10.0076.4%21.9%81.5%52.5%57.9%15.3%-9.3%8.8K12.3K-4.7K0.3297.0863202,1221,874
2020-04-24$13.32$10.0049.8%14.3%81.5%31.8%52.3%0.4%3.4%2.7K95.1K-4.6K0.11116.644452,1601,884
2020-04-27$13.84$10.0048.6%13.9%81.2%30.8%51.8%29.5%10.0%16.9K-85.4K-4.0K0.14106.20137192,1471,889
2020-04-28$14.24$12.5078.4%22.5%79.7%54.1%66.8%29.8%-19.6%19.4K-108.8K-3.6K0.09115.28369322,0821,890
2020-04-29$15.19$12.5047.7%13.7%81.4%30.1%47.5%80.7%1.9%46.3K-345.1K-3.7K1.04107.661491552,1921,920
2020-04-30$14.16$15.0047.9%13.7%84.4%30.3%51.1%19.2%7.0%22.9K61.8K-5.1K2.71104.4117462,0411,861