KNOP Options History — April 2021

In April 2021, KNOP traded between $18.06 and $19.77. ATM implied volatility averaged 24.3%, placing in the 8.9% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 4.1% (HV 20d: 20.2%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.87.

Notable Days

  • 2021-04-26: Highest Volume — 958 contracts
  • 2021-04-13: Largest IV spike — 84.6% change
  • 2021-04-13: Highest IV Rank — 27.5%
  • 2021-04-07: Largest Expected Move — 10.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.73$18.06$19.77$18.12$18.65
Max Pain$17.98$17.50$20.00$17.50$20.00
ATM IV24.3%12.8%40.5%30.6%28.0%
Expected Move7.3%3.7%10.6%8.8%8.0%
HV 20d20.2%14.0%25.8%25.8%19.5%
HV 60d25.9%23.8%29.8%29.8%24.4%
IV Rank8.9%0.0%27.5%10.0%19.9%
IV Percentile5.6%0.0%50.0%9.9%12.7%
Term Structure0.1%-13.6%22.6%-8.2%7.3%
VWIV25.3%10.9%38.7%29.2%24.8%
Skew 25d8.3%-6.1%17.7%12.0%4.9%
Skew 10d10.4%-6.2%25.4%25.4%11.7%
Call IV 25d19.3%10.4%27.1%21.4%27.1%
Put IV 25d27.6%13.3%38.7%33.4%32.0%
Bid-Ask Spread %101.6889.68111.4889.68103.14
Gamma HHI0.580.390.880.520.54
Net GEX75.3K45.1K141.7K65.2K68.7K
Net DEX-1.6M-2.1M-799.0K-1.7M-799.0K
Net VEX-8.3K-11.8K-6.8K-7.4K-11.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.870.036.450.986.45
Total Volume228.814958111149
Total OI4,370.3813,0185,1134,9364,052

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-04-01$18.12$17.5030.6%8.8%25.8%10.0%29.2%12.0%-8.2%65.2K-1.7M-7.4K0.9889.6856552,9002,036
2021-04-05$18.07$17.5026.7%9.8%25.7%5.1%0.0%15.4%-7.2%61.8K-1.7M-8.3K0.1797.8669122,9372,084
2021-04-06$18.12$17.5026.4%9.1%25.6%5.5%31.6%14.2%-4.8%55.9K-1.7M-8.1K0.3392.5639132,9232,092
2021-04-07$18.18$17.5026.3%10.6%24.4%5.4%38.7%16.6%-7.1%53.7K-1.8M-7.9K1.63108.778132,9112,099
2021-04-08$18.17$17.5026.0%10.5%23.6%4.9%37.4%17.1%-0.2%49.9K-1.5M-8.5K0.04108.644822,7622,112
2021-04-09$18.09$17.5026.8%8.4%23.6%6.2%0.0%9.6%-6.3%57.2K-1.4M-7.8K3.00108.01132,7502,114
2021-04-12$18.06$17.5021.9%7.5%21.6%0.0%26.1%7.2%1.2%45.1K-1.5M-7.0K0.1799.82225382,7502,111
2021-04-13$18.08$17.5040.5%7.7%21.2%27.5%25.5%7.9%-0.5%46.3K-1.3M-7.4K0.6996.642331612,7962,147
2021-04-14$18.36$17.5026.4%7.6%22.0%6.6%14.7%9.9%-13.6%48.4K-1.7M-6.9K0.14108.00240332,7902,180
2021-04-15$18.38$17.5025.8%7.4%21.9%5.7%26.0%9.6%-3.3%57.9K-1.7M-7.0K0.04102.1414762,8702,207
2021-04-16$18.88$17.5015.6%4.5%20.0%0.0%0.0%11.3%22.6%77.1K-2.1M-7.2K0.03106.30345122,9082,205
2021-04-19$19.19$17.5021.2%6.1%20.2%7.6%27.6%17.7%8.6%84.6K-1.7M-7.2K1.1695.892432812,104914
2021-04-20$19.10$17.5022.5%6.5%19.1%9.4%24.5%17.3%0.6%75.2K-1.6M-8.5K0.8499.541491252,2111,076
2021-04-21$19.30$17.5012.8%3.7%15.6%0.0%10.9%4.8%11.4%78.7K-1.8M-8.1K0.09102.40172152,2881,155
2021-04-22$19.45$17.5019.8%5.7%15.0%9.2%17.9%-4.4%-5.0%102.9K-2.1M-7.0K0.47102.9574352,4061,169
2021-04-23$19.52$17.5019.9%5.7%14.4%9.4%19.0%-3.8%3.9%123.4K-2.0M-6.8K0.1294.02196242,4611,201
2021-04-26$19.68$17.5016.4%4.7%14.2%4.7%16.3%-6.1%2.9%114.3K-2.0M-8.6K0.16108.208251332,5351,240
2021-04-27$19.77$20.0023.4%6.7%14.0%13.9%23.6%-0.4%2.8%141.7K-2.1M-10.6K0.1599.09387592,8721,280
2021-04-28$19.20$20.0025.7%7.4%17.7%16.9%28.4%6.7%-0.9%87.1K-1.2M-11.0K0.27111.4891252,7581,332
2021-04-29$19.02$20.0026.6%7.6%18.1%18.1%33.8%6.9%-2.1%85.4K-982.0K-11.8K1.42100.1126372,7081,332
2021-04-30$18.65$20.0028.0%8.0%19.5%19.9%24.8%4.9%7.3%68.7K-799.0K-11.1K6.45103.14201292,7321,320