KNOP Options History — November 2020

In November 2020, KNOP traded between $11.94 and $15.29. ATM implied volatility averaged 44.7%, placing in the 27.7% IV rank vs the trailing year. The 30-day expected move averaged 11.5%. IV traded above realized volatility by 1.1% (HV 20d: 43.6%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.70.

Notable Days

  • 2020-11-24: Highest Volume — 258 contracts
  • 2020-11-13: Largest IV spike — 47.5% change
  • 2020-11-10: Highest IV Rank — 54.7%
  • 2020-11-04: Largest Expected Move — 17.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.47$11.94$15.29$12.74$14.62
Max Pain$13.13$12.50$15.00$15.00$12.50
ATM IV44.7%27.2%79.2%40.0%34.2%
Expected Move11.5%7.8%17.2%11.5%9.8%
HV 20d43.6%32.6%48.6%33.1%48.0%
HV 60d38.9%34.0%41.6%37.6%34.9%
IV Rank27.7%14.1%54.7%24.1%19.6%
IV Percentile56.1%28.6%94.0%50.0%36.5%
Term Structure-5.8%-31.4%11.3%-5.5%0.0%
VWIV41.0%29.9%60.8%44.9%33.1%
Skew 25d6.6%-13.8%42.2%8.9%24.8%
Skew 10d16.3%-7.0%116.1%8.4%40.2%
Call IV 25d39.0%28.3%57.8%36.0%32.6%
Put IV 25d45.6%27.1%86.0%44.9%57.3%
Bid-Ask Spread %103.9390.06120.9097.03116.92
Gamma HHI0.570.390.820.410.76
Net GEX14.4K-3.0K38.6K2036.4K
Net DEX-55.9K-956.1K496.4K339.1K-601.7K
Net VEX-3.8K-4.3K-3.5K-3.8K-4.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.002.251.600.65
Total Volume84.71425826117
Total OI2,620.82,2542,8722,5262,492

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-11-02$12.74$15.0040.0%11.5%33.1%24.1%44.9%8.9%-5.5%20339.1K-3.8K1.6097.0310161,4141,112
2020-11-03$12.66$15.0052.8%15.1%32.9%34.1%52.7%4.8%-27.0%2.6K330.3K-3.7K1.00111.18771,4141,112
2020-11-04$12.70$15.0060.1%17.2%32.6%39.8%60.8%17.2%-31.4%4.5K303.7K-3.8K0.15104.962031,4251,126
2020-11-05$12.22$15.0060.3%13.0%35.0%40.0%46.3%-6.0%-4.4%1.1K408.4K-3.7K2.2593.1028631,4361,129
2020-11-06$11.94$15.0048.1%11.3%35.3%30.4%45.3%6.7%-13.9%-3.0K496.4K-3.6K0.63102.4238241,4411,176
2020-11-09$12.93$12.5064.3%9.8%46.5%43.1%40.8%-13.8%3.9%5.0K210.5K-3.9K0.10100.654851,4671,172
2020-11-10$13.16$12.5079.2%12.4%46.9%54.7%43.0%42.2%-15.9%5.5K182.1K-3.7K0.6890.0638261,5091,169
2020-11-11$12.97$12.5045.1%12.9%44.8%28.1%50.0%-0.2%-14.0%1.6K239.3K-3.7K0.2596.261231,5451,187
2020-11-12$12.61$12.5030.8%8.8%45.2%16.9%36.1%-6.9%6.2%3.2K293.3K-3.8K0.06104.113321,5511,185
2020-11-13$12.89$12.5045.5%13.0%46.1%28.4%44.5%-2.7%0.8%7.9K166.9K-4.0K1.4592.1111161,5431,185
2020-11-16$13.39$12.5046.0%13.2%48.4%28.8%40.0%6.0%3.3%13.1K-3.5K-4.1K0.2697.9293241,5501,203
2020-11-17$13.55$12.5045.0%12.9%48.6%28.0%43.5%10.8%2.4%18.0K-112.5K-4.1K1.2098.0845541,6351,202
2020-11-18$13.32$12.5051.3%14.7%46.9%32.9%39.3%10.3%-27.6%11.4K59.5K-3.7K0.03105.388631,6511,195
2020-11-19$13.74$12.5027.2%7.8%46.0%14.1%30.1%6.2%11.3%18.6K-167.3K-3.6K0.45112.0833151,6761,196
2020-11-20$14.23$12.5031.3%9.0%47.6%17.3%32.0%-4.1%-1.4%17.9K-261.2K-3.6K0.82104.22105861,6551,198
2020-11-23$14.46$12.5031.6%9.1%47.2%17.6%31.1%-1.3%-0.8%30.1K-442.7K-3.5K0.00108.3610401,352902
2020-11-24$14.84$12.5029.9%8.6%47.8%16.2%29.9%8.0%0.8%38.0K-720.9K-3.6K0.14107.60226321,433901
2020-11-25$15.29$12.5037.5%10.8%47.6%22.2%35.6%13.3%-4.1%38.1K-956.1K-3.9K0.81115.341231001,536885
2020-11-27$15.14$12.5033.1%9.5%45.6%18.7%0.0%7.3%1.0%38.6K-881.9K-4.3K1.38120.9016221,578878
2020-11-30$14.62$12.5034.2%9.8%48.0%19.6%33.1%24.8%0.0%36.4K-601.7K-4.1K0.65116.9271461,593899