KNOP Options History — December 2020

In December 2020, KNOP traded between $14.64 and $15.74. ATM implied volatility averaged 36.5%, placing in the 21.3% IV rank vs the trailing year. The 30-day expected move averaged 9.8%. IV traded below realized volatility by 0.6% (HV 20d: 37.0%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 2.01.

Notable Days

  • 2020-12-28: Highest Volume — 296 contracts
  • 2020-12-03: Largest IV spike — 64.5% change
  • 2020-12-03: Highest IV Rank — 38.8%
  • 2020-12-29: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.09$14.64$15.74$14.68$15.05
Max Pain$14.77$12.50$15.00$12.50$15.00
ATM IV36.5%28.6%58.9%34.1%37.0%
Expected Move9.8%7.5%10.9%9.8%10.6%
HV 20d37.0%28.3%47.1%46.7%28.3%
HV 60d36.5%34.9%37.1%34.9%36.9%
IV Rank21.3%15.2%38.8%19.5%21.7%
IV Percentile38.3%24.2%81.7%35.7%36.9%
Term Structure-1.2%-13.8%11.0%2.6%-4.4%
VWIV34.5%23.4%39.4%35.8%37.0%
Skew 25d10.6%-1.3%25.1%11.0%16.7%
Skew 10d17.2%0.0%34.7%22.0%27.2%
Call IV 25d28.6%21.5%34.9%31.5%30.4%
Put IV 25d39.2%28.8%48.8%42.5%47.0%
Bid-Ask Spread %105.1189.65112.80111.61109.61
Gamma HHI0.580.330.810.730.35
Net GEX32.6K3.9K59.2K34.5K11.5K
Net DEX-605.7K-1.3M-15.5K-573.2K-336.6K
Net VEX-4.1K-4.6K-3.5K-3.9K-4.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.010.0016.751.710.08
Total Volume97.592967677
Total OI2,7432,5822,9042,5822,890

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-12-01$14.68$12.5034.1%9.8%46.7%19.5%0.0%11.0%2.6%34.5K-573.2K-3.9K1.71111.6128481,627955
2020-12-02$15.03$12.5035.8%10.3%46.8%20.8%35.8%13.6%-6.4%44.7K-820.6K-4.1K0.04107.2311851,635963
2020-12-03$14.90$15.0058.9%7.5%47.1%38.8%32.9%10.3%-1.3%39.4K-787.1K-4.0K0.13103.174051,728964
2020-12-04$15.74$15.0031.9%7.8%46.6%17.8%23.4%1.3%11.0%56.4K-1.3M-4.0K0.5689.65161901,750964
2020-12-07$15.47$15.0033.1%9.6%46.0%18.7%35.3%-1.3%2.8%51.6K-1.1M-4.4K0.2494.553381,770931
2020-12-08$15.51$15.0045.1%9.6%38.7%28.1%26.5%18.7%-0.6%46.7K-1.1M-4.3K0.2797.15166451,769938
2020-12-09$15.33$15.0032.5%9.3%39.3%18.2%32.4%10.4%-9.2%52.2K-972.3K-4.3K1.00101.1063631,764973
2020-12-10$15.36$15.0028.6%8.2%38.5%15.2%28.5%7.3%-1.3%59.2K-945.8K-4.0K0.00112.113301,760983
2020-12-11$15.21$15.0031.8%9.1%36.7%17.7%39.4%3.4%4.0%46.7K-841.0K-4.4K16.75109.004671,767983
2020-12-14$15.04$15.0033.8%9.7%37.0%19.2%31.8%6.3%-13.8%54.1K-714.8K-3.5K10.75108.868861,7651,045
2020-12-15$15.36$15.0033.9%9.7%35.7%19.4%34.1%9.7%-6.7%53.9K-891.0K-3.8K0.07107.111511,7731,126
2020-12-16$15.42$15.0037.3%10.7%35.6%22.0%37.2%25.1%-9.2%42.0K-922.3K-3.9K0.46105.65149691,7781,126
2020-12-17$15.33$15.0035.1%10.1%34.9%20.3%35.3%10.5%2.0%40.0K-714.5K-4.5K2.13107.8124511,6871,178
2020-12-18$14.84$15.0037.0%10.6%36.3%21.7%37.0%19.5%-7.8%13.5K-136.4K-4.5K0.38104.5696361,6681,212
2020-12-21$14.90$15.0035.1%10.1%34.4%20.3%35.1%5.7%-2.5%12.8K-232.9K-4.2K0.66107.9977511,4511,147
2020-12-22$14.79$15.0036.4%10.4%34.2%21.3%37.1%12.0%-4.1%9.5K-124.8K-4.1K0.06112.803121,4481,177
2020-12-23$14.82$15.0036.4%10.4%32.9%21.3%36.4%12.5%-5.3%12.3K-173.1K-4.0K0.18100.261731,4711,175
2020-12-24$14.89$15.0038.1%10.9%31.0%22.6%38.1%15.8%0.9%12.0K-204.8K-4.4K0.50110.03631,4811,178
2020-12-28$14.85$15.0037.5%10.8%30.9%22.1%37.5%15.4%4.3%13.5K-199.1K-4.6K7.22105.16362601,4871,177
2020-12-29$14.64$15.0038.2%10.9%28.6%22.7%38.2%6.1%7.8%3.9K-15.5K-3.5K0.30104.572061,4991,331
2020-12-30$14.78$15.0034.5%9.9%28.8%19.8%34.5%3.9%10.2%6.4K-116.7K-3.7K0.76102.3925191,5191,333
2020-12-31$15.05$15.0037.0%10.6%28.3%21.7%37.0%16.7%-4.4%11.5K-336.6K-4.3K0.08109.617161,5441,346