KNOP Options History — January 2021

In January 2021, KNOP traded between $14.92 and $17.74. ATM implied volatility averaged 42.6%, placing in the 26.1% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 12.5% (HV 20d: 30.1%). Max pain ranged from $12.50 to $17.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 1.36.

Notable Days

2021-01-12: Highest Volume — 586 contracts
2021-01-29: Largest IV spike — 79.0% change
2021-01-12: Highest IV Rank — 47.8%
2021-01-29: Largest Expected Move — 18.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$16.74	$14.92	$17.74	$14.92	$16.23
Max Pain	$14.87	$12.50	$17.50	$12.50	$17.50
ATM IV	42.6%	25.6%	70.3%	38.3%	63.0%
Expected Move	11.6%	9.8%	18.1%	10.4%	18.1%
HV 20d	30.1%	20.5%	35.3%	28.3%	35.3%
HV 60d	37.9%	36.6%	39.3%	36.9%	37.3%
IV Rank	26.1%	12.9%	47.8%	22.8%	40.6%
IV Percentile	47.4%	13.5%	87.7%	40.9%	86.1%
Term Structure	-7.0%	-33.3%	3.9%	0.4%	-33.3%
VWIV	38.9%	20.4%	53.0%	36.5%	42.4%
Skew 25d	8.9%	1.1%	32.0%	16.4%	5.7%
Skew 10d	17.1%	-7.0%	108.9%	26.2%	15.9%
Call IV 25d	32.7%	23.5%	40.0%	27.1%	37.3%
Put IV 25d	41.6%	34.2%	61.5%	43.4%	43.0%
Bid-Ask Spread %	102.27	89.85	113.12	97.85	113.12
Gamma HHI	0.44	0.30	0.83	0.42	0.30
Net GEX	34.5K	6.3K	143.8K	15.5K	16.8K
Net DEX	-1.1M	-1.9M	-227.8K	-227.8K	-488.3K
Net VEX	-6.5K	-9.4K	-4.3K	-4.4K	-9.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.36	0.01	10.13	0.63	0.84
Total Volume	251.947	83	586	140	83
Total OI	3,589.737	2,925	4,134	2,925	4,134

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2021-01-04	$14.92	$12.50	38.3%	10.4%	28.3%	22.8%	36.5%	16.4%	0.4%	15.5K	-227.8K	-4.4K	0.63	97.85	86	54	1,577	1,348
2021-01-05	$15.24	$12.50	44.6%	10.2%	21.3%	27.7%	20.4%	18.8%	-2.0%	14.2K	-454.5K	-4.3K	0.04	106.81	114	5	1,642	1,399
2021-01-06	$15.29	$12.50	39.8%	10.8%	20.5%	23.9%	37.6%	1.3%	-5.3%	14.6K	-446.1K	-4.6K	10.13	102.72	8	81	1,700	1,395
2021-01-07	$16.18	$15.00	40.7%	10.7%	28.9%	24.7%	32.6%	5.3%	-17.3%	14.4K	-1.1M	-4.4K	0.05	99.71	323	17	1,708	1,472
2021-01-08	$16.12	$15.00	25.6%	12.3%	28.5%	12.9%	40.7%	32.0%	1.6%	6.3K	-1.1M	-5.3K	0.71	100.67	92	65	1,882	1,472
2021-01-11	$16.60	$15.00	45.6%	10.1%	30.0%	28.5%	31.5%	6.2%	3.9%	25.4K	-1.4M	-4.9K	1.22	104.28	192	234	1,935	1,472
2021-01-12	$17.26	$15.00	70.3%	11.8%	32.0%	47.8%	44.1%	15.8%	-10.2%	39.0K	-1.8M	-5.3K	0.01	106.53	578	8	2,112	1,621
2021-01-13	$17.22	$15.00	39.4%	11.3%	31.5%	23.6%	45.9%	1.1%	-22.3%	37.9K	-1.6M	-6.8K	0.22	100.40	137	30	2,145	1,623
2021-01-14	$17.74	$15.00	49.3%	14.1%	32.2%	31.4%	53.0%	5.2%	-1.3%	48.9K	-1.9M	-6.5K	0.14	102.55	276	38	2,228	1,643
2021-01-15	$17.56	$15.00	45.4%	13.0%	32.8%	28.3%	46.6%	1.4%	-2.8%	143.8K	-1.9M	-6.3K	0.73	108.31	268	195	2,214	1,666
2021-01-19	$17.66	$15.00	38.2%	11.0%	32.4%	22.7%	38.3%	11.9%	-7.7%	32.8K	-1.3M	-7.0K	0.33	100.13	291	95	1,943	1,209
2021-01-20	$17.39	$15.00	38.1%	10.9%	30.2%	22.6%	38.1%	8.7%	-18.2%	40.5K	-1.3M	-7.3K	1.75	98.54	97	170	2,167	1,294
2021-01-21	$17.35	$15.00	41.9%	12.0%	30.4%	25.6%	40.3%	10.0%	0.5%	36.6K	-1.2M	-7.3K	0.52	102.40	62	32	2,201	1,429
2021-01-22	$17.12	$15.00	34.2%	9.8%	30.8%	19.5%	34.6%	3.3%	-1.4%	29.7K	-1.1M	-7.2K	1.17	89.85	109	127	2,242	1,459
2021-01-25	$17.28	$15.00	37.8%	10.8%	30.8%	22.4%	38.4%	3.3%	3.4%	34.4K	-1.3M	-7.0K	0.17	93.42	87	15	2,315	1,565
2021-01-26	$17.36	$15.00	42.2%	12.1%	30.8%	25.8%	42.1%	7.0%	-19.3%	44.1K	-1.3M	-8.0K	0.46	100.49	118	54	2,410	1,572
2021-01-27	$17.09	$15.00	40.5%	11.6%	31.7%	24.4%	40.6%	4.7%	-5.4%	31.7K	-1.1M	-8.1K	0.19	102.72	418	78	2,379	1,614
2021-01-28	$16.48	$17.50	35.2%	10.1%	34.5%	20.3%	35.7%	12.2%	3.3%	29.8K	-836.7K	-9.2K	6.50	112.67	20	130	2,377	1,641
2021-01-29	$16.23	$17.50	63.0%	18.1%	35.3%	40.6%	42.4%	5.7%	-33.3%	16.8K	-488.3K	-9.4K	0.84	113.12	45	38	2,371	1,763