KNOP Options History — December 2021

In December 2021, KNOP traded between $12.71 and $14.31. ATM implied volatility averaged 44.2%, placing in the 54.9% IV rank vs the trailing year. The 30-day expected move averaged 12.3%. IV traded below realized volatility by 23.8% (HV 20d: 68.0%). Max pain ranged from $15.00 to $17.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.80.

Notable Days

  • 2021-12-01: Highest Volume — 3,396 contracts
  • 2021-12-10: Largest IV spike — 94.7% change
  • 2021-12-10: Highest IV Rank — 100.0%
  • 2021-12-01: Largest Expected Move — 15.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.27$12.71$14.31$13.19$13.38
Max Pain$15.91$15.00$17.50$17.50$15.00
ATM IV44.2%34.8%71.8%55.2%44.0%
Expected Move12.3%8.4%15.8%15.8%12.6%
HV 20d68.0%37.8%73.5%64.8%37.8%
HV 60d46.1%43.2%47.2%43.2%47.0%
IV Rank54.9%40.0%100.0%74.5%54.3%
IV Percentile87.2%71.4%100.0%98.0%88.5%
Term Structure4.5%-24.2%56.4%0.6%-24.2%
VWIV45.1%30.1%65.8%65.8%40.7%
Skew 25d4.6%-13.2%23.7%-13.2%16.1%
Skew 10d14.3%-19.4%46.2%11.9%26.0%
Call IV 25d42.0%22.4%81.5%81.5%22.4%
Put IV 25d46.6%38.5%68.3%68.3%38.5%
Bid-Ask Spread %80.5151.09107.08104.8990.95
Gamma HHI0.440.280.550.280.46
Net GEX45.1K30875.5K30866.0K
Net DEX-1.5M-2.9M1.4M1.4M-2.5M
Net VEX-8.7K-11.3K-4.1K-4.1K-10.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.271.580.360.54
Total Volume920.1364893,3963,396628
Total OI7,201.8643,9397,8763,9397,876

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-12-01$13.19$17.5055.2%15.8%64.8%74.5%65.8%-13.2%0.6%3081.4M-4.1K0.36104.892,5008962,3911,548
2021-12-02$12.94$17.5041.7%11.9%64.1%51.6%42.7%-11.1%13.0%23.9K-578.6K-9.6K0.2789.212,4876635,0001,912
2021-12-03$13.26$17.5044.7%12.8%65.8%56.8%64.5%0.8%32.3%15.1K-757.5K-10.4K1.58107.083916195,0481,949
2021-12-06$14.07$17.5043.0%13.1%70.8%53.9%51.8%7.4%-4.9%38.1K-1.6M-9.6K1.1583.934405085,2431,952
2021-12-07$14.20$17.5042.9%12.1%71.1%53.7%51.9%12.3%-6.1%41.9K-1.7M-8.2K1.0468.573283415,2641,953
2021-12-08$14.31$17.5034.8%8.4%71.0%40.0%30.1%14.9%4.2%46.3K-1.8M-7.9K0.9985.453483435,2641,965
2021-12-09$13.98$17.5036.9%11.3%70.9%43.5%46.8%4.7%-0.2%33.0K-1.4M-9.3K0.8872.593232855,2681,969
2021-12-10$13.69$17.5071.8%13.9%70.4%100.0%44.4%8.0%-11.2%44.7K-1.3M-7.4K0.8377.503102565,2891,976
2021-12-13$13.07$15.0043.8%12.2%71.2%53.9%45.6%1.0%-3.1%39.2K-841.5K-7.2K0.8151.093172565,3431,992
2021-12-14$12.88$15.0046.9%13.0%71.1%59.0%46.6%6.9%-1.6%32.0K-723.8K-8.0K0.7078.073892715,3842,003
2021-12-15$12.71$15.0045.0%12.9%70.7%55.8%42.6%-4.0%-5.3%13.2K-574.4K-9.1K0.6176.584732885,4871,977
2021-12-16$13.19$15.0044.6%12.8%73.3%55.3%43.7%2.1%56.4%45.8K-1.2M-9.3K0.6170.884872995,7491,985
2021-12-17$13.08$15.0046.6%13.4%72.9%58.6%43.7%2.2%2.4%64.9K-1.4M-7.3K1.0466.794424595,8061,996
2021-12-20$12.76$15.0044.1%12.6%72.6%54.3%47.9%2.9%7.0%42.8K-1.2M-9.6K0.6084.594732845,1691,495
2021-12-21$12.73$15.0042.8%12.3%72.7%52.2%45.6%10.5%19.5%51.5K-1.6M-9.5K0.5478.955282835,4101,535
2021-12-22$12.99$15.0040.9%11.7%73.0%49.1%44.4%-1.1%3.7%49.3K-1.9M-11.3K1.4372.082012885,7651,587
2021-12-23$13.14$15.0039.1%11.2%73.5%46.2%40.1%3.1%-0.1%59.0K-2.2M-10.0K1.0782.052813015,8171,613
2021-12-27$13.07$15.0037.1%10.6%73.4%42.8%37.7%1.7%9.8%75.5K-2.4M-7.7K0.8184.733142535,9051,628
2021-12-28$12.97$15.0039.9%11.4%73.2%47.4%41.6%1.5%5.9%67.6K-2.3M-9.3K0.7380.213012205,9231,626
2021-12-29$13.03$15.0043.4%12.5%72.9%53.3%32.1%23.7%0.0%71.0K-2.9M-5.8K0.5079.293791905,9811,646
2021-12-30$13.21$15.0042.1%12.1%38.3%51.1%41.9%10.2%-0.1%71.4K-2.6M-10.5K0.6085.683742266,0881,664
2021-12-31$13.38$15.0044.0%12.6%37.8%54.3%40.7%16.1%-24.2%66.0K-2.5M-10.9K0.5490.954072216,1331,743