KNOP Options History — January 2022

In January 2022, KNOP traded between $14.26 and $16.34. ATM implied volatility averaged 39.7%, placing in the 47.1% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded below realized volatility by 4.3% (HV 20d: 44.0%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 0.40.

Notable Days

2022-01-26: Highest Volume — 29,632 contracts
2022-01-27: Largest IV spike — 38.5% change
2022-01-24: Highest IV Rank — 74.3%
2022-01-24: Largest Expected Move — 16.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$15.25	$14.26	$16.34	$14.63	$14.26
Max Pain	$14.00	$12.50	$15.00	$15.00	$15.00
ATM IV	39.7%	27.8%	56.2%	34.4%	40.5%
Expected Move	11.7%	8.0%	16.1%	9.9%	11.6%
HV 20d	44.0%	39.2%	50.1%	48.5%	50.1%
HV 60d	52.1%	50.5%	53.3%	50.9%	53.1%
IV Rank	47.1%	27.4%	74.3%	38.4%	48.5%
IV Percentile	78.7%	54.4%	98.8%	68.7%	81.0%
Term Structure	-1.8%	-20.9%	33.4%	-1.9%	-1.2%
VWIV	42.3%	31.7%	78.5%	35.0%	40.9%
Skew 25d	21.8%	-0.6%	135.1%	28.5%	8.0%
Skew 10d	80.1%	2.6%	248.0%	42.5%	16.1%
Call IV 25d	38.4%	27.4%	52.6%	31.3%	38.4%
Put IV 25d	60.1%	35.5%	177.7%	59.8%	46.5%
Bid-Ask Spread %	90.22	67.85	112.95	83.88	81.23
Gamma HHI	0.52	0.29	0.80	0.46	0.45
Net GEX	77.4K	38.1K	135.1K	91.1K	39.3K
Net DEX	-4.5M	-6.1M	-3.2M	-3.6M	-3.2M
Net VEX	-8.5K	-13.3K	-6.0K	-11.4K	-8.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.40	0.00	1.10	0.32	0.27
Total Volume	3,539.2	316	29,632	963	919
Total OI	7,398.75	5,789	8,189	7,921	5,995

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
2022-01-03	$14.63	$15.00	34.4%	9.9%	48.5%	38.4%	35.0%	28.5%	-1.9%	91.1K	-3.6M	-11.4K	0.32	83.88	731	232	6,171	1,750
2022-01-04	$14.38	$15.00	27.8%	8.0%	44.6%	27.4%	32.6%	14.7%	-0.2%	65.9K	-3.7M	-6.1K	0.34	67.85	760	260	6,134	1,753
2022-01-05	$14.26	$15.00	28.1%	8.1%	44.6%	28.1%	36.2%	19.4%	9.7%	117.1K	-3.5M	-11.3K	0.49	75.33	519	252	6,391	1,701
2022-01-06	$14.46	$12.50	35.7%	13.0%	44.8%	40.5%	38.5%	15.7%	-5.4%	98.1K	-3.3M	-13.3K	0.48	103.43	522	252	6,385	1,708
2022-01-07	$14.95	$12.50	33.0%	12.9%	45.3%	36.1%	45.0%	0.9%	-8.8%	121.4K	-4.3M	-10.6K	0.82	76.93	260	212	6,389	1,718
2022-01-10	$14.64	$12.50	43.0%	11.8%	45.3%	52.5%	41.7%	2.2%	-5.1%	111.6K	-3.8M	-11.0K	0.77	86.34	212	163	6,443	1,656
2022-01-11	$15.04	$12.50	35.2%	11.3%	42.0%	39.6%	39.7%	2.9%	-5.5%	133.9K	-4.5M	-8.7K	0.32	68.86	277	88	6,452	1,678
2022-01-12	$15.35	$12.50	37.7%	10.8%	41.4%	43.9%	37.9%	4.0%	-5.5%	135.1K	-5.0M	-9.0K	0.54	89.85	257	140	6,505	1,684
2022-01-13	$15.91	$12.50	47.5%	13.6%	41.6%	60.1%	51.1%	22.4%	-15.0%	79.5K	-5.8M	-6.8K	0.43	84.90	340	145	6,422	1,700
2022-01-14	$16.34	$12.50	42.9%	12.3%	40.9%	52.4%	39.2%	9.9%	-3.2%	64.0K	-6.1M	-6.3K	0.21	95.27	748	159	6,308	1,690
2022-01-18	$16.11	$12.50	42.4%	12.2%	41.3%	51.6%	40.9%	5.3%	-20.9%	51.3K	-5.7M	-6.4K	1.10	112.95	165	182	6,253	1,694
2022-01-19	$16.24	$15.00	36.9%	10.6%	39.2%	42.6%	31.7%	9.5%	6.2%	62.8K	-5.8M	-6.6K	0.46	99.60	229	105	6,263	1,740
2022-01-20	$16.00	$15.00	35.1%	10.1%	40.1%	39.6%	35.9%	-0.6%	33.4%	74.7K	-5.5M	-6.2K	0.33	101.18	343	114	6,223	1,742
2022-01-21	$15.42	$15.00	42.1%	12.1%	43.4%	51.1%	42.2%	135.1%	-7.4%	66.7K	-4.7M	-7.8K	0.47	98.08	323	153	6,060	1,745
2022-01-24	$15.67	$15.00	56.2%	16.1%	43.5%	74.3%	54.1%	99.1%	-2.0%	47.1K	-4.9M	-6.2K	0.35	87.59	234	82	4,802	1,037
2022-01-25	$15.99	$15.00	48.3%	13.8%	43.3%	61.3%	42.3%	41.7%	-20.8%	53.4K	-5.2M	-6.7K	0.30	104.73	387	118	4,894	1,063
2022-01-26	$15.65	$15.00	35.3%	10.1%	44.3%	39.9%	42.8%	6.0%	21.3%	56.8K	-4.8M	-6.0K	0.00	99.09	29,507	125	4,965	1,113
2022-01-27	$15.10	$15.00	48.9%	14.0%	47.1%	62.4%	78.5%	7.6%	-2.8%	38.1K	-3.7M	-11.2K	0.01	99.95	15,646	191	4,653	1,136
2022-01-28	$14.67	$15.00	42.1%	12.1%	48.8%	51.1%	39.1%	2.9%	-1.0%	40.3K	-3.6M	-9.8K	0.01	87.36	15,258	174	4,734	1,225
2022-01-31	$14.26	$15.00	40.5%	11.6%	50.1%	48.5%	40.9%	8.0%	-1.2%	39.3K	-3.2M	-8.9K	0.27	81.23	723	196	4,743	1,252