KNOP Options History — September 2020

In September 2020, KNOP traded between $11.53 and $13.11. ATM implied volatility averaged 42.3%, placing in the 25.9% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded below realized volatility by 6.2% (HV 20d: 48.5%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 2.65.

Notable Days

  • 2020-09-01: Highest Volume — 991 contracts
  • 2020-09-08: Largest IV spike — 17.9% change
  • 2020-09-08: Highest IV Rank — 33.9%
  • 2020-09-02: Largest Expected Move — 14.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.67$11.53$13.11$11.53$12.87
Max Pain$12.74$12.50$15.00$15.00$12.50
ATM IV42.3%32.6%52.6%48.6%32.6%
Expected Move12.0%9.4%14.1%13.9%9.4%
HV 20d48.5%33.8%53.6%44.3%33.8%
HV 60d39.1%37.3%46.7%43.3%37.8%
IV Rank25.9%18.3%33.9%30.8%18.3%
IV Percentile59.2%45.2%77.8%71.4%45.2%
Term Structure4.5%-4.1%35.3%-0.5%12.0%
VWIV46.9%32.6%140.7%48.4%32.6%
Skew 25d9.9%-2.5%23.3%17.5%4.4%
Skew 10d16.3%-0.6%34.4%28.9%6.0%
Call IV 25d36.8%28.2%47.4%47.4%28.2%
Put IV 25d46.8%32.6%64.9%64.9%32.6%
Bid-Ask Spread %98.5888.16106.1589.0697.67
Gamma HHI0.400.320.530.320.52
Net GEX2.8K-3.2K8.1K-3.2K2.6K
Net DEX313.5K137.0K686.3K686.3K137.0K
Net VEX-3.9K-4.7K-2.8K-2.8K-3.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.650.0015.001.590.67
Total Volume159.3334991991110
Total OI3,609.5243,0933,9913,0933,367

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-09-01$11.53$15.0048.6%13.9%44.3%30.8%48.4%17.5%-0.5%-3.2K686.3K-2.8K1.5989.063836081,7011,392
2020-09-02$12.48$15.0049.0%14.1%53.6%31.2%49.0%10.2%-2.1%207466.0K-4.2K0.1395.09301391,7371,564
2020-09-03$12.49$12.5047.0%11.4%53.4%29.6%43.7%14.6%4.2%3.1K446.5K-4.2K0.44106.152571141,9071,563
2020-09-04$12.46$12.5044.6%12.9%53.3%27.7%45.2%21.7%-1.6%4.0K407.4K-4.7K4.0099.743122,1411,661
2020-09-08$12.55$12.5052.6%14.0%51.5%33.9%57.5%22.3%-0.3%3.7K393.4K-4.6K15.0097.772302,1431,672
2020-09-09$12.85$12.5045.1%12.9%52.0%28.1%46.7%12.5%-2.3%4.4K275.2K-4.5K0.8588.1671602,1451,689
2020-09-10$12.65$12.5042.7%12.2%51.7%26.2%45.2%7.7%2.9%2.3K371.0K-4.5K1.4297.9253752,1901,717
2020-09-11$12.76$12.5040.9%11.7%51.8%24.8%36.3%19.4%-4.1%6.4K170.3K-4.1K1.9598.3219372,2151,699
2020-09-14$12.97$12.5042.4%12.2%51.6%26.0%40.2%3.2%2.5%7.7K146.2K-4.3K2.5497.5524612,2321,711
2020-09-15$12.91$12.5039.8%11.4%48.2%23.9%40.4%-2.1%2.4%8.1K213.3K-4.1K0.1298.0598122,2331,758
2020-09-16$13.00$12.5045.6%13.1%48.1%28.5%45.5%-0.6%-2.0%4.2K244.5K-4.1K0.0295.995112,1731,760
2020-09-17$13.11$12.5041.4%11.9%48.2%25.2%41.4%-2.5%35.3%5.4K194.9K-4.1K0.0094.55402,1291,762
2020-09-18$13.05$12.5044.8%12.8%48.2%27.8%46.4%2.9%4.8%6.3K214.7K-4.0K10.00104.11101002,1301,762
2020-09-21$13.00$12.5042.1%12.1%48.1%25.8%40.4%12.3%2.2%6.2K139.0K-3.8K2.30100.5827621,8391,483
2020-09-22$12.78$12.5045.5%13.0%48.2%28.4%34.8%23.3%10.5%3.2K239.4K-3.9K0.02102.884511,8591,543
2020-09-23$12.62$12.5039.6%11.3%48.3%23.8%39.6%13.5%9.3%2.1K320.1K-3.7K0.22100.00139311,8751,544
2020-09-24$12.46$12.5035.6%10.2%47.9%20.7%39.1%5.1%5.3%-3.0K479.9K-3.2K1.52103.15921401,8101,561
2020-09-25$12.39$12.5035.2%10.1%47.6%20.4%35.3%1.6%11.0%-2.0K402.1K-3.4K0.58103.7126151,8421,515
2020-09-28$12.56$12.5034.7%10.0%45.9%20.0%140.7%10.5%3.2%-1.6K323.0K-3.2K7.27100.48151091,8681,515
2020-09-29$12.53$12.5038.1%10.9%42.4%22.7%37.3%11.1%1.8%-1.1K313.7K-3.5K5.0699.1618911,8691,524
2020-09-30$12.87$12.5032.6%9.4%33.8%18.3%32.6%4.4%12.0%2.6K137.0K-3.3K0.6797.6766441,8841,483