KNOP Options History — May 2021

In May 2021, KNOP traded between $18.82 and $19.41. ATM implied volatility averaged 23.8%, placing in the 14.4% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 4.5% (HV 20d: 19.3%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 1.47.

Notable Days

2021-05-26: Highest Volume — 537 contracts
2021-05-19: Largest IV spike — 41.8% change
2021-05-10: Highest IV Rank — 30.4%
2021-05-10: Largest Expected Move — 9.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$19.08	$18.82	$19.41	$18.98	$18.91
Max Pain	$19.75	$17.50	$20.00	$20.00	$20.00
ATM IV	23.8%	12.7%	36.0%	32.3%	17.4%
Expected Move	6.7%	3.6%	9.7%	9.2%	5.0%
HV 20d	19.3%	14.8%	21.5%	20.2%	14.8%
HV 60d	21.6%	20.2%	24.6%	24.6%	20.2%
IV Rank	14.4%	0.0%	30.4%	25.5%	6.1%
IV Percentile	9.2%	0.0%	38.9%	23.8%	2.8%
Term Structure	1.2%	-4.4%	10.3%	10.2%	6.9%
VWIV	25.1%	11.1%	43.3%	31.0%	11.1%
Skew 25d	5.2%	-5.9%	20.6%	20.6%	5.9%
Skew 10d	10.4%	-5.5%	33.6%	14.1%	5.9%
Call IV 25d	21.9%	12.3%	27.7%	14.7%	13.1%
Put IV 25d	27.1%	16.6%	46.7%	35.2%	18.9%
Bid-Ask Spread %	96.78	47.53	114.61	113.83	101.86
Gamma HHI	0.68	0.56	0.84	0.56	0.70
Net GEX	134.0K	73.8K	219.2K	73.8K	129.8K
Net DEX	-1.3M	-1.8M	-708.5K	-1.1M	-708.5K
Net VEX	-10.7K	-11.7K	-8.5K	-11.1K	-8.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.47	0.00	16.00	0.87	3.09
Total Volume	153.55	24	537	58	45
Total OI	4,359.45	3,961	4,731	3,961	4,217

Daily Data (20 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
2021-05-03	$18.98	$20.00	32.3%	9.2%	20.2%	25.5%	31.0%	20.6%	10.2%	73.8K	-1.1M	-11.1K	0.87	113.83	31	27	2,720	1,241
2021-05-04	$18.98	$20.00	25.7%	7.4%	20.2%	16.9%	27.5%	-5.8%	-3.4%	95.9K	-989.8K	-10.5K	0.03	101.63	119	4	2,753	1,252
2021-05-05	$19.27	$20.00	24.3%	7.0%	20.7%	15.1%	24.7%	7.2%	-1.6%	136.4K	-1.3M	-10.3K	0.08	102.58	207	17	2,784	1,254
2021-05-06	$19.27	$20.00	26.2%	5.2%	20.7%	17.5%	0.0%	-0.9%	4.0%	139.9K	-1.5M	-11.1K	0.13	107.40	91	12	2,961	1,253
2021-05-07	$19.41	$20.00	26.1%	7.1%	20.6%	17.5%	33.4%	5.7%	-0.8%	136.2K	-1.7M	-11.4K	0.13	96.93	136	17	2,985	1,241
2021-05-10	$19.40	$20.00	36.0%	9.7%	20.5%	30.4%	34.9%	20.0%	3.8%	124.1K	-1.8M	-11.7K	0.04	107.73	182	7	3,100	1,228
2021-05-11	$19.14	$20.00	25.4%	7.3%	21.4%	16.5%	0.0%	7.4%	-2.0%	136.2K	-1.6M	-11.5K	0.80	93.08	50	40	3,153	1,226
2021-05-12	$18.93	$20.00	26.4%	7.6%	21.4%	17.8%	43.3%	1.6%	-1.9%	113.0K	-1.1M	-10.7K	0.59	98.98	54	32	3,171	1,253
2021-05-13	$18.85	$17.50	26.7%	7.7%	21.5%	18.2%	22.6%	11.5%	1.7%	109.6K	-1.3M	-11.6K	1.32	114.61	210	277	3,190	1,272
2021-05-14	$18.82	$17.50	19.6%	5.6%	19.3%	9.0%	19.7%	-5.9%	2.6%	116.0K	-987.2K	-11.3K	16.00	76.01	12	192	3,326	1,405
2021-05-17	$19.02	$20.00	27.3%	7.8%	18.7%	19.1%	27.3%	-2.3%	-2.7%	124.1K	-1.4M	-11.4K	0.04	99.17	210	8	3,330	1,316
2021-05-18	$19.18	$20.00	21.2%	6.1%	18.9%	11.0%	23.8%	4.1%	0.6%	149.8K	-1.4M	-11.4K	0.68	97.75	22	15	3,357	1,320
2021-05-19	$19.06	$20.00	30.1%	8.6%	18.6%	22.6%	0.0%	9.5%	-4.4%	169.9K	-1.6M	-11.4K	1.56	103.37	32	50	3,369	1,330
2021-05-20	$19.02	$20.00	27.1%	7.8%	18.4%	18.7%	33.5%	15.6%	-1.8%	130.9K	-1.3M	-11.0K	0.02	114.24	204	5	3,383	1,324
2021-05-21	$19.03	$20.00	22.8%	6.5%	18.3%	13.1%	0.0%	4.3%	0.3%	112.0K	-1.3M	-11.2K	0.74	47.53	34	25	3,264	1,315
2021-05-24	$19.31	$20.00	16.2%	4.6%	18.9%	4.5%	18.6%	0.4%	-1.7%	219.2K	-1.6M	-9.7K	0.03	108.58	71	2	3,044	1,141
2021-05-25	$19.03	$20.00	16.3%	4.7%	19.4%	4.6%	13.6%	-5.5%	-2.6%	203.1K	-1.4M	-9.4K	3.12	94.46	17	53	3,090	1,143
2021-05-26	$18.91	$20.00	12.7%	3.6%	16.6%	0.0%	11.5%	3.1%	10.3%	131.7K	-1.0M	-9.7K	0.10	107.74	490	47	3,108	1,175
2021-05-27	$19.00	$20.00	16.1%	4.6%	16.4%	4.4%	11.1%	7.9%	7.4%	128.8K	-1.1M	-9.8K	0.00	48.20	24	0	2,993	1,202
2021-05-28	$18.91	$20.00	17.4%	5.0%	14.8%	6.1%	0.0%	5.9%	6.9%	129.8K	-708.5K	-8.5K	3.09	101.86	11	34	3,014	1,203