KNOP Options History — July 2020

In July 2020, KNOP traded between $13.12 and $14.77. ATM implied volatility averaged 42.4%, placing in the 26.0% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded above realized volatility by 6.7% (HV 20d: 35.8%). Max pain ranged from $12.50 to $17.50. Net GEX was positive for 14 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 1.90.

Notable Days

  • 2020-07-06: Highest Volume — 676 contracts
  • 2020-07-10: Largest IV spike — 63.9% change
  • 2020-07-13: Highest IV Rank — 62.6%
  • 2020-07-13: Largest Expected Move — 17.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.06$13.12$14.77$13.82$13.12
Max Pain$13.30$12.50$17.50$17.50$15.00
ATM IV42.4%23.8%89.3%44.8%24.4%
Expected Move11.0%6.8%17.2%12.9%7.0%
HV 20d35.8%24.7%57.2%57.2%33.8%
HV 60d52.2%46.1%65.3%65.3%46.1%
IV Rank26.0%11.4%62.6%27.9%11.9%
IV Percentile65.3%48.8%97.2%67.9%50.8%
Term Structure4.5%-19.7%28.8%-19.7%13.7%
VWIV39.9%23.4%59.1%49.3%26.1%
Skew 25d11.2%-15.9%115.4%8.6%1.0%
Skew 10d22.4%-17.5%144.7%8.8%16.1%
Call IV 25d34.1%21.4%49.3%44.0%21.9%
Put IV 25d45.3%22.9%146.1%52.6%22.9%
Bid-Ask Spread %99.7874.78115.69103.7398.45
Gamma HHI0.330.260.510.270.33
Net GEX6.8K-10.3K24.9K1.2K-10.3K
Net DEX40.6K-693.6K564.5K445.0K305.9K
Net VEX-4.1K-5.2K-2.8K-4.0K-3.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.900.0027.800.672.16
Total Volume207.3641567643279
Total OI3,987.7732,8364,9984,4962,850

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-07-01$13.82$17.5044.8%12.9%57.2%27.9%49.3%8.6%-19.7%1.2K445.0K-4.0K0.67103.732591732,3222,174
2020-07-02$13.72$17.5042.9%12.3%57.2%26.3%40.7%20.8%3.4%-7.8K564.5K-5.2K0.12106.0992112,2322,347
2020-07-06$13.90$12.5036.8%11.4%55.2%21.6%50.2%10.0%-2.8%-1.9K396.0K-4.8K1.47107.582744022,3252,347
2020-07-07$13.85$12.5046.8%11.6%51.6%29.4%45.6%6.9%-3.1%-2.8K428.5K-4.8K0.81100.651231002,3202,344
2020-07-08$14.04$12.5045.0%13.2%52.0%28.0%47.7%11.6%-1.2%3.5K328.6K-4.8K0.0892.25171132,4262,378
2020-07-09$13.93$12.5048.4%11.5%50.9%30.7%0.0%28.9%19.7%2.5K384.8K-5.1K0.50108.321052,5042,385
2020-07-10$13.78$12.5079.4%15.8%35.5%54.9%0.0%-15.9%-7.7%-4.9K382.3K-4.9K0.82115.691192,4982,380
2020-07-13$13.58$12.5089.3%17.2%34.0%62.6%52.7%12.2%-8.3%-3.3K542.8K-4.8K1.56102.09681062,4992,385
2020-07-14$13.50$12.5077.8%14.0%33.8%53.7%59.1%33.3%4.9%-3.0K560.1K-5.1K27.8098.6351392,5382,440
2020-07-15$14.07$12.5043.4%12.5%30.8%26.8%42.0%14.8%3.6%8.7K293.9K-4.8K1.3399.862333112,5352,406
2020-07-16$14.63$12.5041.1%11.8%27.3%24.9%41.3%-1.0%16.2%22.6K33.2K-4.2K0.1180.74106122,5492,380
2020-07-17$14.71$12.5039.2%11.2%26.6%23.5%39.3%5.2%4.0%11.8K7.1K-3.8K0.2698.8047122,6082,390
2020-07-20$14.63$12.5031.8%9.1%25.5%17.7%35.1%-4.7%3.6%13.3K-650.7K-3.7K0.36103.6761221,6001,385
2020-07-21$14.77$12.5034.9%10.0%24.9%20.2%35.1%2.8%2.5%17.8K-693.6K-3.6K0.0992.149991,5841,403
2020-07-22$14.70$12.5033.6%9.6%24.7%19.1%34.6%-0.6%2.6%17.6K-625.5K-3.5K1.5997.961091731,6361,399
2020-07-23$14.49$12.5033.6%9.6%25.1%19.1%33.9%-0.3%3.4%19.2K-597.0K-3.5K0.01106.937711,7191,342
2020-07-24$14.49$12.5027.0%7.7%25.0%13.9%30.3%-6.5%7.3%22.9K-595.8K-3.2K0.00112.7012001,7751,342
2020-07-27$14.26$12.5028.3%8.1%25.1%14.9%32.4%-8.3%6.2%19.0K-528.9K-3.4K0.0389.0312341,7871,342
2020-07-28$14.37$12.5029.6%8.5%25.0%16.0%28.5%115.4%4.4%24.9K-522.1K-3.2K0.0874.78617481,8111,338
2020-07-29$13.55$15.0031.9%9.1%33.0%17.7%51.0%8.4%17.2%2.2K170.1K-3.5K1.85103.8033611,4761,360
2020-07-30$13.37$15.0023.8%6.8%33.3%11.4%23.4%4.8%28.8%-4.5K263.0K-2.8K0.09101.25215191,4941,376
2020-07-31$13.12$15.0024.4%7.0%33.8%11.9%26.1%1.0%13.7%-10.3K305.9K-3.2K2.1698.4525541,4741,376