KNOP Options History — September 2021

In September 2021, KNOP traded between $17.74 and $18.82. ATM implied volatility averaged 26.0%, placing in the 21.8% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 6.6% (HV 20d: 19.4%). Max pain ranged from $20.00 to $20.00. Net GEX was positive for 12 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.81.

Notable Days

  • 2021-09-27: Highest Volume — 259 contracts
  • 2021-09-30: Largest IV spike — 77.0% change
  • 2021-09-28: Highest IV Rank — 44.9%
  • 2021-09-28: Largest Expected Move — 11.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.20$17.74$18.82$17.89$18.75
Max Pain$20.00$20.00$20.00$20.00$20.00
ATM IV26.0%14.8%41.7%22.1%26.2%
Expected Move7.4%4.2%11.9%6.3%7.5%
HV 20d19.4%14.5%22.2%22.1%15.0%
HV 60d24.0%23.7%24.3%24.3%24.0%
IV Rank21.8%5.4%44.9%16.1%22.2%
IV Percentile33.3%2.8%83.7%19.0%35.3%
Term Structure5.7%-13.8%55.1%0.3%-2.2%
VWIV25.9%14.3%48.0%22.0%36.9%
Skew 25d11.6%-5.3%27.6%2.1%16.9%
Skew 10d14.7%-7.1%39.1%2.9%17.8%
Call IV 25d17.3%10.7%26.5%19.9%13.5%
Put IV 25d28.9%21.2%43.2%22.0%30.4%
Bid-Ask Spread %96.6568.65108.61108.0472.89
Gamma HHI0.490.400.670.550.51
Net GEX-4.4K-65.6K38.9K-51.8K30.5K
Net DEX153.6K-383.0K590.0K590.0K-335.3K
Net VEX-6.1K-7.0K-1.4K-6.5K-6.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.810.006.670.190.05
Total Volume69.048325911422
Total OI3,861.0952,8534,6254,3653,158

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-09-01$17.89$20.0022.1%6.3%22.1%16.1%22.0%2.1%0.3%-51.8K590.0K-6.5K0.19108.0496182,8841,481
2021-09-02$17.97$20.0030.0%6.6%22.2%27.7%23.1%5.5%2.8%-9.0K456.4K-7.0K0.5599.7855302,9411,480
2021-09-03$17.94$20.0021.1%6.9%22.1%14.7%23.5%17.5%2.2%-32.0K423.4K-6.6K6.67105.333202,9991,494
2021-09-07$17.95$20.0022.4%6.4%21.6%16.6%14.3%11.1%4.1%-63.0K511.3K-6.4K1.4494.1443623,0421,516
2021-09-08$17.93$20.0024.2%6.9%21.3%19.2%0.0%17.2%1.4%-65.6K488.3K-6.6K0.30100.5533103,0441,536
2021-09-09$18.03$20.0027.3%7.8%20.2%23.8%27.4%9.0%-2.2%-29.1K365.6K-6.8K0.00100.321003,0181,541
2021-09-10$18.10$20.0023.1%6.6%20.3%17.6%21.3%6.6%2.3%-27.4K278.1K-6.4K0.6596.4569453,0431,551
2021-09-13$18.31$20.0024.6%7.0%20.6%19.8%20.9%10.3%0.0%36.9K45.1K-6.7K0.16103.112543,0471,551
2021-09-14$18.10$20.0023.5%6.7%20.9%18.2%23.5%7.7%8.2%-44.3K335.4K-6.9K0.38101.822183,0201,552
2021-09-15$18.40$20.0023.3%6.7%21.5%17.9%26.2%4.0%3.9%17.3K17.3K-6.0K0.1098.403133,0451,550
2021-09-16$18.30$20.0024.3%7.0%20.8%19.4%24.9%-1.2%55.1%-8.1K131.1K-6.2K0.50100.11213,0521,554
2021-09-17$18.07$20.0021.1%6.0%19.5%14.6%21.3%-5.3%9.6%6.1K194.8K-6.2K2.36102.4825593,0721,553
2021-09-20$17.74$20.0027.2%7.8%20.3%23.6%27.2%20.7%9.9%6.5K301.3K-5.7K0.17108.6180141,8951,029
2021-09-21$17.97$20.0021.3%6.1%19.9%15.0%48.0%8.1%22.6%773245.7K-5.9K0.18103.7960111,9071,038
2021-09-22$18.14$20.0025.1%7.2%20.0%20.5%25.2%7.7%9.3%9.6K91.3K-6.6K1.73103.7345781,8421,051
2021-09-23$18.35$20.0028.8%8.3%20.4%26.0%28.5%12.4%-8.2%16.6K-10.0K-5.9K0.7389.6345331,7921,061
2021-09-24$18.36$20.0032.5%9.3%14.6%31.3%0.0%23.6%12.0%22.2K-67.9K-6.3K0.0087.15031,7661,137
2021-09-27$18.57$20.0040.9%11.7%14.5%43.7%36.9%25.9%-5.3%38.9K-223.8K-1.4K0.0368.6525181,7511,130
2021-09-28$18.61$20.0041.7%11.9%14.5%44.9%0.0%27.6%-13.8%14.5K-230.1K-6.4K0.0089.277301,7511,127
2021-09-29$18.82$20.0014.8%4.2%14.8%5.4%0.0%16.4%8.5%38.9K-383.0K-6.1K0.0495.345221,9531,129
2021-09-30$18.75$20.0026.2%7.5%15.0%22.2%0.0%16.9%-2.2%30.5K-335.3K-6.1K0.0572.892112,0291,129