KNOP Options History — August 2020

In August 2020, KNOP traded between $12.38 and $14.12. ATM implied volatility averaged 37.5%, placing in the 22.2% IV rank vs the trailing year. The 30-day expected move averaged 11.3%. IV traded above realized volatility by 3.2% (HV 20d: 34.4%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 2.79.

Notable Days

  • 2020-08-14: Highest Volume — 591 contracts
  • 2020-08-11: Largest IV spike — 76.8% change
  • 2020-08-21: Highest IV Rank — 31.7%
  • 2020-08-21: Largest Expected Move — 14.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.26$12.38$14.12$13.20$12.38
Max Pain$13.10$12.50$15.00$15.00$12.50
ATM IV37.5%25.3%49.8%30.6%26.8%
Expected Move11.3%7.2%14.3%8.8%7.7%
HV 20d34.4%30.5%37.4%33.5%37.4%
HV 60d44.3%41.5%46.4%46.1%42.4%
IV Rank22.2%12.6%31.7%16.8%13.8%
IV Percentile60.1%46.8%73.8%56.0%46.8%
Term Structure3.0%-12.0%21.2%19.1%9.7%
VWIV36.6%22.3%49.7%22.3%30.3%
Skew 25d11.4%-7.2%28.0%6.7%9.4%
Skew 10d21.1%-11.7%47.1%6.5%9.9%
Call IV 25d31.8%22.7%43.0%26.9%25.6%
Put IV 25d43.2%29.9%57.6%33.5%35.1%
Bid-Ask Spread %98.4685.89108.7386.1785.89
Gamma HHI0.430.300.620.330.36
Net GEX5.2K-7.7K23.5K-7.7K-1.8K
Net DEX67.1K-239.6K378.2K270.1K378.2K
Net VEX-3.3K-4.0K-2.6K-3.5K-2.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.790.0016.910.0011.36
Total Volume129.9052159154173
Total OI2,905.3332,4913,2172,8572,969

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-08-03$13.20$15.0030.6%8.8%33.5%16.8%0.0%6.7%19.1%-7.7K270.1K-3.5K0.0086.175401,4781,379
2020-08-04$13.28$15.0032.1%9.2%33.6%17.9%0.0%-7.2%-1.5%-5.0K224.7K-3.4K0.1091.542021,5151,366
2020-08-05$13.45$15.0025.3%7.2%33.5%12.6%22.3%6.3%21.2%-841148.8K-3.5K0.0294.794511,5301,388
2020-08-06$13.24$15.0033.4%12.5%33.8%18.9%36.4%12.3%-3.5%-1.3K223.2K-3.6K0.1194.997181,5661,388
2020-08-07$13.13$15.0027.1%11.7%33.8%14.0%39.1%4.5%2.1%-7.5K264.9K-3.5K0.08100.275141,6351,381
2020-08-10$13.61$12.5026.8%13.6%36.0%13.8%46.7%8.4%-1.4%9.1K-2.5K-3.8K1.4697.89991451,6701,385
2020-08-11$13.84$12.5047.4%11.5%36.4%29.9%0.0%3.9%-5.1%11.6K-97.3K-4.0K0.24102.771741,7001,495
2020-08-12$14.03$12.5038.7%11.1%33.6%23.1%38.1%6.6%0.1%18.0K-183.4K-3.8K0.55101.6122121,7001,491
2020-08-13$13.84$12.5038.6%11.1%30.5%23.0%36.7%4.4%-0.2%13.2K-108.7K-3.8K0.14108.732231,7181,491
2020-08-14$14.12$12.5035.7%10.2%31.5%20.8%35.6%9.8%1.0%23.5K-239.6K-3.6K16.91104.49335581,7251,492
2020-08-17$13.38$12.5049.3%14.1%36.4%31.4%26.1%28.0%3.6%6.4K-27.9K-3.4K0.33105.5733111,7461,131
2020-08-18$13.22$12.5042.8%12.3%36.2%26.3%0.0%25.9%-8.8%1.6K93.8K-2.8K12.50101.312251,7231,131
2020-08-19$13.17$12.5047.6%13.7%36.2%30.1%41.5%14.8%-12.0%-48674.6K-2.9K0.02101.6111221,7231,126
2020-08-20$13.09$12.5047.7%13.7%36.0%30.1%47.0%26.7%5.7%2.9K18.2K-3.3K0.21104.8876161,8341,126
2020-08-21$12.99$12.5049.8%14.3%36.0%31.7%46.8%16.8%-2.7%10.2K11.4K-3.2K2.5797.8714361,9041,137
2020-08-24$13.16$12.5037.0%10.6%36.3%21.7%31.0%20.2%16.2%10.3K474-3.0K0.00104.386901,562929
2020-08-25$13.00$12.5049.6%14.2%36.1%31.6%49.7%21.9%3.4%11.4K-7.4K-3.1K2.2997.0935801,590929
2020-08-26$12.72$12.5039.1%11.2%30.9%23.4%31.6%7.2%2.1%5.5K160.5K-2.6K0.2694.07159411,595964
2020-08-27$12.53$12.5031.4%9.0%30.9%17.4%31.3%3.3%8.9%2.3K148.9K-2.8K1.7798.401642901,545992
2020-08-28$13.00$12.5031.7%9.1%33.4%17.6%31.3%9.4%5.0%7.4K57.5K-3.2K7.7693.26251941,6991,164
2020-08-31$12.38$12.5026.8%7.7%37.4%13.8%30.3%9.4%9.7%-1.8K378.2K-2.8K11.3685.89141591,7031,266