KNOP Options History — June 2020

In June 2020, KNOP traded between $13.71 and $16.64. ATM implied volatility averaged 50.9%, placing in the 32.6% IV rank vs the trailing year. The 30-day expected move averaged 14.3%. IV traded below realized volatility by 6.5% (HV 20d: 57.4%). Max pain ranged from $12.50 to $20.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 2.55.

Notable Days

  • 2020-06-23: Highest Volume — 395 contracts
  • 2020-06-10: Largest IV spike — 58.3% change
  • 2020-06-23: Highest IV Rank — 45.9%
  • 2020-06-23: Largest Expected Move — 19.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.82$13.71$16.64$15.13$13.80
Max Pain$18.41$12.50$20.00$12.50$17.50
ATM IV50.9%33.0%67.8%41.9%43.4%
Expected Move14.3%11.1%19.5%12.0%12.4%
HV 20d57.4%44.1%68.2%50.3%58.0%
HV 60d75.6%65.8%92.9%92.9%65.8%
IV Rank32.6%18.6%45.9%25.6%26.7%
IV Percentile78.4%67.5%88.9%74.2%67.5%
Term Structure-1.6%-17.5%23.1%0.2%5.0%
VWIV49.0%31.9%59.8%39.0%42.5%
Skew 25d8.9%-7.6%51.6%5.3%-4.6%
Skew 10d19.4%-5.0%101.1%6.9%-5.0%
Call IV 25d44.9%32.8%56.9%32.8%42.4%
Put IV 25d53.8%37.8%87.6%38.1%37.8%
Bid-Ask Spread %92.2971.32106.7889.0879.96
Gamma HHI0.340.240.600.600.25
Net GEX12.4K10425.4K24.5K104
Net DEX56.7K-759.3K501.5K-139.2K393.3K
Net VEX-5.2K-6.1K-4.0K-4.8K-4.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.550.0026.331.2126.33
Total Volume121.6361039523282
Total OI4,524.6824,1524,9084,5184,457

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-06-01$15.13$12.5041.9%12.0%50.3%25.6%39.0%5.3%0.2%24.5K-139.2K-4.8K1.2189.081051272,1412,377
2020-06-02$15.09$12.5056.7%16.3%50.4%37.2%51.2%14.4%-7.4%14.0K-95.1K-5.6K0.3898.391662,2372,327
2020-06-03$15.42$12.5051.6%14.8%44.1%33.2%51.4%51.6%-9.8%22.1K-294.3K-5.6K0.02101.0428252,2402,323
2020-06-04$15.23$20.0051.4%11.2%44.6%33.0%44.2%10.0%13.8%11.1K209-5.8K1.5991.041372182,1282,332
2020-06-05$15.84$20.0052.6%13.0%46.1%33.9%43.0%7.4%8.0%15.7K-252.1K-6.1K0.0593.3515682,1332,309
2020-06-08$16.59$20.0049.0%12.1%47.8%31.2%42.2%11.4%-1.5%24.7K-732.0K-5.3K0.1689.73103162,1972,316
2020-06-09$16.64$20.0033.0%11.1%47.4%18.6%31.9%15.6%-0.9%25.4K-759.3K-4.8K0.8098.5830242,1832,323
2020-06-10$16.03$20.0052.3%15.0%50.3%33.7%49.1%1.5%-17.5%21.6K-483.1K-5.6K1.98106.7843852,2292,329
2020-06-11$14.43$20.0055.1%15.8%63.2%35.9%58.2%4.9%-10.4%3.8K278.8K-5.0K1.6197.8318292,2722,337
2020-06-12$14.82$20.0049.1%14.1%63.3%31.2%36.4%-7.6%-10.9%14.1K95.7K-5.4K7.5098.826452,2842,359
2020-06-15$14.62$20.0054.9%15.7%63.6%35.7%54.2%7.8%-9.5%11.8K189.1K-5.6K4.0081.5912482,2862,397
2020-06-16$15.45$20.0047.9%13.7%64.2%30.2%50.2%5.6%-2.9%24.4K-211.1K-5.3K0.0196.7521222,2872,428
2020-06-17$14.56$20.0054.9%15.7%67.7%35.8%54.5%4.0%-9.7%22.3K177.4K-5.4K0.4590.4569312,4252,426
2020-06-18$14.32$20.0044.8%12.9%67.8%27.9%59.4%12.2%23.1%16.3K285.2K-5.5K0.0096.560102,4512,447
2020-06-19$14.04$20.0042.8%12.3%68.2%26.3%46.5%5.7%21.1%2.1K414.6K-5.2K2.6771.3212322,4512,457
2020-06-22$14.31$20.0050.1%14.4%67.9%32.0%52.9%5.8%2.2%2.5K325.4K-5.1K1.4380.0014202,1252,027
2020-06-23$14.19$20.0067.8%19.5%62.1%45.9%52.5%3.0%-1.7%3.1K341.1K-5.0K1.3790.391672282,1202,041
2020-06-24$14.05$17.5053.8%15.4%61.4%34.9%59.8%16.2%-7.6%3.7K383.5K-4.8K1.4990.4243642,2022,057
2020-06-25$14.01$17.5048.7%14.0%59.0%30.9%49.3%13.9%0.6%2.1K409.4K-5.0K0.0091.501002,2042,119
2020-06-26$13.80$17.5055.6%15.9%57.8%36.3%56.3%-0.8%-6.4%721501.5K-4.7K0.1297.13110132,2142,119
2020-06-29$13.71$17.5062.9%18.0%57.8%42.0%53.7%11.3%-13.4%7.6K419.5K-4.0K0.3699.6128102,2942,133
2020-06-30$13.80$17.5043.4%12.4%58.0%26.7%42.5%-4.6%5.0%104393.3K-4.3K26.3379.963792,3192,138