KNOP Options History — March 2022

In March 2022, KNOP traded between $14.51 and $16.96. ATM implied volatility averaged 33.8%, placing in the 37.4% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded above realized volatility by 4.5% (HV 20d: 29.3%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 20 of 23 trading days. Term structure was in contango for 17 of 23 days. Put/call ratio averaged 0.72.

Notable Days

  • 2022-03-08: Highest Volume — 1,484 contracts
  • 2022-03-24: Largest IV drop — 42.9% change
  • 2022-03-07: Highest IV Rank — 68.4%
  • 2022-03-09: Largest Expected Move — 23.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.89$14.51$16.96$15.92$16.96
Max Pain$14.66$12.50$15.00$15.00$15.00
ATM IV33.8%17.8%52.6%41.3%20.8%
Expected Move11.4%7.7%23.2%11.8%8.8%
HV 20d29.3%19.6%37.8%25.9%36.6%
HV 60d37.1%34.0%38.8%38.6%34.0%
IV Rank37.4%10.9%68.4%49.7%15.9%
IV Percentile63.2%11.1%98.0%84.1%21.0%
Term Structure1.3%-8.2%14.5%-2.7%5.5%
VWIV39.1%26.9%77.6%30.9%34.6%
Skew 25d6.7%-6.4%17.1%17.1%-6.4%
Skew 10d22.6%-8.4%138.1%17.3%-8.2%
Call IV 25d30.4%16.3%39.2%24.1%24.0%
Put IV 25d37.1%17.6%41.7%41.2%17.6%
Bid-Ask Spread %82.1344.83102.6644.8372.87
Gamma HHI0.600.350.910.500.91
Net GEX20.3K-34.6K76.9K16.1K76.9K
Net DEX-2.1M-5.0M106.5K-4.7M-2.0M
Net VEX-5.9K-6.7K-4.9K-6.1K-6.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.121.460.761.12
Total Volume564.872941,484457451
Total OI5,259.0434,2946,7226,4144,897

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-03-01$15.92$15.0041.3%11.8%25.9%49.7%30.9%17.1%-2.7%16.1K-4.7M-6.1K0.7644.832591984,8171,597
2022-03-02$15.55$15.0040.7%11.7%20.4%48.8%40.2%7.0%1.0%17.7K-4.4M-5.8K0.7981.801921524,8461,586
2022-03-03$15.62$15.0041.7%11.9%20.4%50.4%38.5%7.9%-0.6%16.1K-4.5M-6.0K1.2988.881351744,9011,605
2022-03-04$15.71$15.0044.6%12.8%19.6%55.3%43.1%7.5%0.1%30.8K-4.5M-6.2K0.9286.481531414,9051,656
2022-03-07$16.03$15.0052.6%15.1%20.6%68.4%50.3%6.2%0.2%19.7K-4.8M-6.2K0.5988.982501484,9171,668
2022-03-08$16.16$15.0039.8%16.5%20.6%47.3%53.0%4.8%1.0%23.9K-5.0M-6.6K0.1290.861,3271575,0311,691
2022-03-09$15.97$15.0038.5%23.2%20.7%45.1%77.6%10.2%-8.2%20.6K-3.7M-6.1K0.16102.669341484,3341,670
2022-03-10$16.20$15.0038.0%9.8%21.0%44.3%26.9%4.0%-2.9%26.2K-3.0M-6.0K0.2591.251,0552683,7911,666
2022-03-11$15.87$15.0038.7%16.2%22.8%45.5%60.4%6.5%1.1%23.0K-1.2M-6.7K0.8799.003112722,9481,794
2022-03-14$15.08$12.5038.6%10.6%28.0%45.2%35.7%-5.0%-1.8%594-496.2K-5.4K0.9065.042582312,9291,811
2022-03-15$14.71$12.5035.2%10.3%28.5%39.6%37.9%2.4%0.6%-13.2K-94.1K-5.0K0.7572.972221672,9321,925
2022-03-16$14.51$12.5034.3%10.0%28.8%38.3%36.8%2.1%0.3%-14.9K106.5K-4.9K0.6270.592171342,9481,973
2022-03-17$15.24$0.0034.7%10.9%34.0%38.9%38.3%16.3%3.2%-34.6K-508.8K-5.4K0.4192.872941222,9592,005
2022-03-18$15.29$15.0032.0%9.6%33.7%34.4%33.3%0.3%1.6%5.2K-511.4K-5.3K0.6870.532241532,9182,020
2022-03-21$15.81$15.0031.7%9.8%35.6%34.0%34.1%1.9%3.0%12.4K-711.0K-5.6K0.5584.582711502,6811,613
2022-03-22$15.82$15.0030.1%9.8%35.6%31.3%32.6%-2.5%4.0%15.4K-758.4K-5.5K0.3989.913061182,7581,579
2022-03-23$15.91$15.0031.1%9.6%35.5%33.0%32.9%14.7%3.0%19.1K-867.7K-5.8K0.7391.592882092,7941,582
2022-03-24$16.27$15.0017.8%9.0%36.1%10.9%34.2%12.2%14.5%23.5K-1.1M-6.0K1.4675.491932822,8521,678
2022-03-25$16.79$15.0021.8%8.6%37.2%17.6%33.3%13.4%4.8%37.7K-1.6M-6.4K0.6790.173792552,9001,678
2022-03-28$16.47$15.0025.4%9.2%37.8%23.5%36.6%7.8%1.2%36.7K-1.4M-6.6K1.1495.332482823,0021,651
2022-03-29$16.69$15.0021.5%7.7%37.8%17.1%27.4%11.9%-0.2%46.1K-1.6M-6.1K0.7682.233292503,0171,651
2022-03-30$16.87$15.0026.4%8.5%36.6%25.1%30.1%13.0%1.9%62.6K-1.8M-6.2K0.6660.054132723,1301,652
2022-03-31$16.96$15.0020.8%8.8%36.6%15.9%34.6%-6.4%5.5%76.9K-2.0M-6.0K1.1272.872132383,2611,636