KNOP Options History — February 2021

In February 2021, KNOP traded between $15.57 and $17.18. ATM implied volatility averaged 39.6%, placing in the 20.4% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 7.3% (HV 20d: 32.4%). Max pain ranged from $17.50 to $17.50. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 1.32.

Notable Days

2021-02-17: Highest Volume — 246 contracts
2021-02-02: Largest IV spike — 55.9% change
2021-02-02: Highest IV Rank — 35.7%
2021-02-02: Largest Expected Move — 16.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$16.55	$15.57	$17.18	$15.95	$16.70
Max Pain	$17.50	$17.50	$17.50	$17.50	$17.50
ATM IV	39.6%	28.3%	56.8%	36.4%	41.1%
Expected Move	11.6%	9.0%	16.3%	10.4%	11.8%
HV 20d	32.4%	28.7%	35.8%	35.7%	29.5%
HV 60d	33.6%	30.7%	37.5%	37.5%	30.7%
IV Rank	20.4%	12.0%	35.7%	19.4%	16.1%
IV Percentile	37.8%	9.5%	79.8%	29.4%	43.7%
Term Structure	-4.2%	-29.0%	5.4%	1.9%	-8.4%
VWIV	41.7%	32.7%	59.4%	34.8%	59.4%
Skew 25d	3.7%	-10.1%	17.4%	-1.8%	17.4%
Skew 10d	8.4%	-3.8%	28.7%	9.2%	28.7%
Call IV 25d	41.6%	29.1%	46.9%	38.8%	39.0%
Put IV 25d	45.3%	31.7%	56.3%	37.0%	56.3%
Bid-Ask Spread %	109.17	101.66	116.50	111.72	101.66
Gamma HHI	0.34	0.30	0.45	0.30	0.33
Net GEX	30.8K	-6.5K	77.0K	16.3K	40.2K
Net DEX	-675.0K	-1.2M	114.3K	-358.3K	-830.4K
Net VEX	-8.8K	-9.2K	-8.2K	-9.0K	-9.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.32	0.00	5.72	2.21	3.67
Total Volume	112.368	19	246	93	84
Total OI	4,470.158	4,125	4,739	4,125	4,614

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
2021-02-01	$15.95	$17.50	36.4%	10.4%	35.7%	19.4%	34.8%	-1.8%	1.9%	16.3K	-358.3K	-9.0K	2.21	111.72	29	64	2,378	1,747
2021-02-02	$15.88	$17.50	56.8%	16.3%	35.6%	35.7%	43.9%	0.9%	-29.0%	5.1K	-232.6K	-9.0K	1.91	116.41	23	44	2,384	1,805
2021-02-03	$15.57	$17.50	35.4%	10.2%	35.8%	18.6%	32.7%	2.6%	-2.0%	-2.2K	-11.9K	-8.7K	5.72	112.86	25	143	2,402	1,845
2021-02-04	$15.59	$17.50	34.3%	12.9%	35.8%	17.7%	45.6%	1.2%	-11.9%	-6.5K	114.3K	-8.2K	1.28	116.38	25	32	2,401	1,896
2021-02-05	$16.32	$17.50	51.7%	14.1%	33.7%	31.6%	42.7%	-3.8%	-8.4%	18.4K	-639.8K	-8.5K	0.01	113.65	140	1	2,385	1,925
2021-02-08	$16.45	$17.50	28.3%	9.0%	33.7%	12.9%	33.1%	8.3%	5.3%	22.1K	-686.1K	-8.8K	0.30	104.63	100	30	2,517	1,924
2021-02-09	$16.57	$17.50	40.9%	13.2%	32.2%	22.9%	47.2%	3.0%	-5.3%	25.5K	-613.8K	-8.6K	0.75	109.05	20	15	2,588	1,928
2021-02-10	$16.50	$17.50	48.0%	13.8%	28.7%	28.7%	45.8%	1.3%	-8.7%	32.3K	-692.7K	-9.0K	2.17	108.44	6	13	2,595	1,918
2021-02-11	$16.26	$17.50	39.2%	11.2%	29.0%	21.6%	49.8%	6.9%	0.2%	21.4K	-338.2K	-8.2K	0.00	107.00	0	61	2,594	1,929
2021-02-12	$16.86	$17.50	31.4%	9.0%	30.0%	15.3%	37.7%	5.5%	-0.1%	41.2K	-842.2K	-8.7K	0.44	104.30	81	36	2,594	1,967
2021-02-16	$17.18	$17.50	31.5%	9.0%	30.8%	15.2%	36.8%	3.4%	5.3%	77.0K	-1.2M	-9.2K	0.19	108.84	167	32	2,665	1,978
2021-02-17	$17.09	$17.50	32.6%	9.4%	30.7%	16.0%	33.0%	2.4%	5.4%	72.9K	-1.1M	-9.0K	0.12	103.76	219	27	2,729	1,974
2021-02-18	$16.62	$17.50	35.9%	10.3%	31.8%	18.7%	38.0%	6.1%	5.4%	25.9K	-630.8K	-9.0K	0.00	116.50	92	0	2,750	1,989
2021-02-19	$16.98	$17.50	39.4%	11.3%	32.9%	21.5%	42.1%	4.5%	-4.1%	31.1K	-858.7K	-9.0K	1.39	111.85	57	79	2,744	1,989
2021-02-22	$16.95	$17.50	40.7%	11.7%	32.6%	22.5%	43.4%	9.3%	-2.6%	35.3K	-880.1K	-8.5K	0.03	107.48	236	6	2,552	1,711
2021-02-23	$16.98	$17.50	46.4%	13.3%	32.4%	20.7%	46.4%	6.8%	-6.4%	38.4K	-924.1K	-8.8K	0.06	102.98	83	5	2,716	1,717
2021-02-24	$16.98	$17.50	36.4%	10.4%	32.3%	12.0%	39.9%	6.2%	1.5%	44.1K	-1.0M	-9.2K	0.80	108.46	45	36	2,782	1,726
2021-02-25	$16.96	$17.50	46.4%	13.3%	31.8%	20.7%	39.4%	-10.1%	-17.6%	47.1K	-1.1M	-8.8K	2.76	108.29	21	58	2,824	1,751
2021-02-26	$16.70	$17.50	41.1%	11.8%	29.5%	16.1%	59.4%	17.4%	-8.4%	40.2K	-830.4K	-9.0K	3.67	101.66	18	66	2,833	1,781