KNOP Options History — March 2021

In March 2021, KNOP traded between $17.09 and $18.57. ATM implied volatility averaged 36.7%, placing in the 14.7% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded above realized volatility by 10.9% (HV 20d: 25.8%). Max pain ranged from $15.00 to $17.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 1.16.

Notable Days

  • 2021-03-03: Highest Volume — 287 contracts
  • 2021-03-18: Largest IV drop — 25.5% change
  • 2021-03-16: Highest IV Rank — 27.6%
  • 2021-03-01: Largest Expected Move — 14.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.90$17.09$18.57$17.09$17.90
Max Pain$16.09$15.00$17.50$17.50$17.50
ATM IV36.7%27.3%50.5%50.5%28.9%
Expected Move10.2%7.8%14.5%14.5%8.3%
HV 20d25.8%22.5%29.9%29.9%26.0%
HV 60d29.6%28.6%31.0%31.0%30.0%
IV Rank14.7%5.9%27.6%24.3%8.0%
IV Percentile29.0%4.8%69.0%69.0%7.5%
Term Structure-0.6%-16.2%10.3%-2.6%0.7%
VWIV35.6%27.7%49.2%43.1%29.0%
Skew 25d5.9%-12.5%18.3%0.1%16.4%
Skew 10d8.8%-15.5%35.4%0.3%35.4%
Call IV 25d30.7%18.2%47.3%38.7%21.9%
Put IV 25d36.6%26.4%52.4%38.8%38.3%
Bid-Ask Spread %97.1371.29111.39110.6099.38
Gamma HHI0.390.320.480.320.39
Net GEX75.6K39.1K123.7K39.1K54.3K
Net DEX-1.8M-2.8M-964.9K-964.9K-1.5M
Net VEX-9.1K-10.9K-7.7K-9.1K-8.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.160.006.680.440.60
Total Volume107.696192879875
Total OI5,056.874,4665,4994,6504,884

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-03-01$17.09$17.5050.5%14.5%29.9%24.3%43.1%0.1%-2.6%39.1K-964.9K-9.1K0.44110.6068302,8351,815
2021-03-02$17.15$17.5040.1%11.5%28.9%15.2%49.2%18.3%-1.3%53.4K-1.1M-9.0K0.71103.5055392,8981,842
2021-03-03$17.38$17.5037.8%10.8%29.0%13.3%41.2%-12.5%0.2%58.4K-1.3M-9.3K0.49111.39193942,9441,860
2021-03-04$17.66$15.0046.0%10.1%27.8%20.4%35.1%-2.8%6.7%68.6K-1.8M-9.3K0.18103.6092173,0991,904
2021-03-05$17.81$15.0043.8%12.5%27.7%18.5%41.0%11.4%-4.3%71.4K-1.9M-10.9K0.0686.3214493,1851,919
2021-03-08$17.89$15.0048.1%11.5%23.5%22.2%40.4%12.0%-3.8%82.6K-2.0M-9.9K1.2892.6232413,3041,922
2021-03-09$17.53$15.0048.4%11.1%25.1%22.5%37.9%-7.8%0.8%70.8K-1.6M-9.7K0.1298.315063,3321,960
2021-03-10$17.87$15.0039.0%11.2%25.7%14.3%37.6%7.0%-0.9%86.5K-2.0M-9.9K0.3194.8755173,3581,966
2021-03-11$17.89$15.0033.7%9.7%25.5%13.6%32.9%7.0%3.9%107.5K-2.1M-9.4K0.55102.0658323,3851,968
2021-03-12$18.36$15.0038.1%10.9%25.7%19.1%36.5%6.2%-16.2%111.8K-2.5M-9.0K0.0197.3714123,4111,982
2021-03-15$18.57$15.0039.3%11.3%23.2%20.6%38.3%8.5%-12.4%105.4K-2.8M-8.8K0.35100.50191663,4491,984
2021-03-16$18.51$15.0045.0%12.9%22.7%27.6%45.1%7.5%-10.9%92.9K-2.7M-8.8K0.10106.248283,4662,002
2021-03-17$18.56$15.0038.6%11.1%22.5%19.6%35.9%8.1%-4.8%113.5K-2.8M-9.3K1.0896.3212133,4802,006
2021-03-18$17.93$15.0028.7%8.2%23.8%7.5%30.2%-5.3%1.6%123.7K-2.1M-8.6K0.46102.1356263,4812,018
2021-03-19$18.19$15.0030.9%8.9%23.3%10.5%31.1%2.3%-0.5%74.6K-2.5M-8.5K2.06106.2417353,4552,042
2021-03-22$17.89$15.0030.8%8.8%24.3%10.4%30.3%8.6%7.6%74.1K-1.5M-7.7K6.6890.19281872,7581,708
2021-03-23$17.42$17.5029.3%8.4%26.4%8.4%29.2%1.5%8.6%46.0K-1.1M-9.0K0.4590.99140632,7501,883
2021-03-24$17.73$17.5028.2%8.1%27.0%7.1%28.1%17.5%-2.3%54.9K-1.3M-9.0K0.0088.281902,8611,926
2021-03-25$18.01$17.5035.3%10.1%27.4%16.0%37.5%17.5%-5.4%61.7K-1.6M-8.9K0.52100.5931162,8791,926
2021-03-26$18.21$17.5029.3%8.4%26.7%8.4%31.5%-1.2%3.6%64.3K-1.8M-8.8K0.1594.45106162,8751,938
2021-03-29$18.17$17.5027.3%7.8%25.8%5.9%30.8%9.9%10.3%66.1K-1.7M-8.8K4.1586.8313542,8551,951
2021-03-30$17.98$17.5027.4%7.9%26.2%6.0%27.7%4.7%7.7%57.3K-1.5M-8.6K5.8671.297412,8691,973
2021-03-31$17.90$17.5028.9%8.3%26.0%8.0%29.0%16.4%0.7%54.3K-1.5M-8.7K0.6099.3847282,8742,010