KNOP Options History — August 2021

In August 2021, KNOP traded between $17.66 and $18.69. ATM implied volatility averaged 27.5%, placing in the 24.1% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded below realized volatility by 1.2% (HV 20d: 28.7%). Max pain ranged from $20.00 to $20.00. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 1.60.

Notable Days

  • 2021-08-13: Highest Volume — 1,053 contracts
  • 2021-08-10: Largest IV spike — 147.8% change
  • 2021-08-10: Highest IV Rank — 56.5%
  • 2021-08-25: Largest Expected Move — 12.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.21$17.66$18.69$18.52$17.89
Max Pain$20.00$20.00$20.00$20.00$20.00
ATM IV27.5%20.0%49.6%33.3%20.7%
Expected Move7.6%5.3%12.4%9.5%5.9%
HV 20d28.7%18.7%32.9%31.9%22.1%
HV 60d22.7%21.9%24.4%22.0%24.4%
IV Rank24.1%13.0%56.5%32.5%14.0%
IV Percentile33.2%13.9%92.9%47.2%15.5%
Term Structure-0.6%-29.8%23.7%-10.5%4.4%
VWIV25.4%11.8%35.4%28.0%20.7%
Skew 25d3.3%-7.1%25.2%-6.0%3.4%
Skew 10d11.4%-9.2%83.7%31.0%9.7%
Call IV 25d23.3%12.3%32.5%31.6%18.8%
Put IV 25d26.6%18.5%37.5%25.6%22.2%
Bid-Ask Spread %94.8061.00114.37107.7077.88
Gamma HHI0.470.420.600.600.53
Net GEX10.6K-55.4K58.5K58.5K-46.3K
Net DEX179.3K-281.1K778.9K-102.9K520.1K
Net VEX-7.0K-8.8K-5.8K-6.9K-6.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.600.0314.450.430.04
Total Volume190.22771,0537775
Total OI3,742.6362,7284,6082,7284,374

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-08-02$18.52$20.0033.3%9.5%31.9%32.5%28.0%-6.0%-10.5%58.5K-102.9K-6.9K0.43107.7054231,987741
2021-08-03$18.29$20.0026.3%7.5%32.0%22.3%27.3%-3.3%0.0%32.3K156.1K-6.6K0.13106.20137182,055945
2021-08-04$18.28$20.0025.3%7.2%32.0%20.7%35.4%-5.3%-8.8%24.5K194.5K-6.3K0.82114.3733272,078962
2021-08-05$18.22$20.0024.4%6.9%31.9%19.5%26.1%1.5%4.7%23.8K159.3K-6.1K5.4096.795272,113980
2021-08-06$18.31$20.0020.4%7.4%31.5%13.6%26.0%0.9%5.7%27.6K25.7K-6.9K14.45107.13334772,1151,004
2021-08-09$18.06$20.0020.0%7.3%31.6%13.0%27.5%2.7%2.9%11.8K194.9K-6.4K0.17104.91125212,1191,027
2021-08-10$18.23$20.0049.6%5.3%31.9%56.5%18.5%-7.1%20.1%-29.5K136.1K-8.1K0.38105.1526102,1381,449
2021-08-11$18.56$20.0020.3%5.8%32.8%13.4%23.3%4.5%23.7%19.0K-93.4K-8.4K0.13106.242332,1511,465
2021-08-12$18.56$20.0026.3%7.5%32.7%22.2%26.3%3.5%-0.7%18.3K50.1K-7.8K2.36108.0011262,1721,469
2021-08-13$18.69$20.0037.5%10.7%32.9%38.7%25.1%1.4%-29.8%25.2K-30.8K-7.8K0.07100.55983702,1911,471
2021-08-16$18.60$20.0021.7%6.2%30.2%15.6%25.9%0.5%8.8%8.1K-15.5K-6.9K0.0461.615022,1921,493
2021-08-17$18.40$20.0028.8%8.3%28.6%25.9%28.2%2.2%11.8%50.6K-151.7K-8.8K2.5095.68253,1041,504
2021-08-18$18.10$20.0027.7%7.9%28.4%24.4%27.7%9.3%-1.6%13.1K332.1K-7.0K0.3697.5074273,0721,504
2021-08-19$17.69$20.0025.6%7.3%28.7%21.3%25.5%3.5%2.7%-55.4K778.9K-6.3K0.7388.8184613,0711,507
2021-08-20$17.89$20.0027.6%7.9%28.5%24.3%27.7%9.0%-7.8%5.8K474.0K-6.8K0.3187.78155483,0201,513
2021-08-23$18.19$20.0027.8%8.0%29.0%24.4%27.8%10.9%-13.3%20.9K130.8K-7.1K0.1574.9994142,3881,237
2021-08-24$18.33$20.0028.8%8.2%29.4%25.9%30.4%-1.3%-3.9%24.4K127.8K-6.8K0.0394.95559172,2941,261
2021-08-25$18.35$20.0043.4%12.4%18.7%47.4%11.8%25.2%-23.9%55.0K-281.1K-7.5K0.5194.9680412,3631,249
2021-08-26$17.66$20.0024.2%6.9%22.6%19.1%24.2%8.5%-11.3%-21.8K578.8K-5.8K1.1396.412612952,8091,246
2021-08-27$17.88$20.0022.6%6.5%22.7%16.9%22.6%4.1%12.7%-4.1K231.9K-6.5K1.0097.0424242,8571,293
2021-08-30$17.92$20.0023.7%6.8%22.5%18.4%23.6%4.6%0.9%-28.8K528.9K-6.9K4.0861.0012492,8871,468
2021-08-31$17.89$20.0020.7%5.9%22.1%14.0%20.7%3.4%4.4%-46.3K520.1K-6.8K0.0477.887232,8821,492