KNOP Options History — January 2023

In January 2023, KNOP traded between $5.46 and $10.43. ATM implied volatility averaged 53.3%, placing in the 51.2% IV rank vs the trailing year. The 30-day expected move averaged 15.6%. IV traded below realized volatility by 61.6% (HV 20d: 114.9%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 1.13.

Notable Days

2023-01-13: Highest Volume — 2,453 contracts
2023-01-12: Largest IV spike — 55.6% change
2023-01-18: Highest IV Rank — 68.5%
2023-01-18: Largest Expected Move — 18.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$7.25	$5.46	$10.43	$9.62	$5.59
Max Pain	$8.50	$7.50	$10.00	$10.00	$7.50
ATM IV	53.3%	38.4%	65.3%	52.9%	60.9%
Expected Move	15.6%	11.0%	18.7%	15.2%	17.5%
HV 20d	114.9%	32.6%	158.5%	32.7%	155.9%
HV 60d	86.1%	54.3%	103.1%	54.3%	102.9%
IV Rank	51.2%	29.8%	68.5%	50.6%	62.2%
IV Percentile	89.3%	53.6%	99.2%	94.8%	96.8%
Term Structure	-2.4%	-26.4%	26.8%	-0.8%	5.1%
VWIV	54.2%	35.1%	66.9%	52.7%	64.9%
Skew 25d	27.3%	-19.6%	119.5%	-0.8%	19.4%
Skew 10d	70.4%	-35.4%	201.5%	0.4%	44.8%
Call IV 25d	51.7%	39.5%	73.4%	50.8%	50.0%
Put IV 25d	79.0%	40.2%	166.0%	50.0%	69.4%
Bid-Ask Spread %	72.87	31.41	94.54	77.82	66.26
Gamma HHI	0.56	0.31	0.90	0.85	0.36
Net GEX	20.1K	2.7K	50.1K	45.2K	4.7K
Net DEX	-302.9K	-768.9K	758.1K	-312.4K	-461.9K
Net VEX	-5.1K	-6.1K	-2.2K	-5.5K	-6.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.13	0.02	10.89	0.33	0.59
Total Volume	512.85	39	2,453	301	51
Total OI	7,458.1	5,960	9,946	6,253	8,046

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
2023-01-03	$9.62	$10.00	52.9%	15.2%	32.7%	50.6%	52.7%	-0.8%	-0.8%	45.2K	-312.4K	-5.5K	0.33	77.82	226	75	4,809	1,444
2023-01-04	$9.27	$10.00	45.6%	13.1%	34.8%	40.2%	45.4%	-1.4%	2.0%	36.7K	8.2K	-4.9K	0.22	72.36	79	17	4,744	1,506
2023-01-05	$9.44	$10.00	48.8%	14.3%	32.6%	44.7%	49.7%	119.5%	-3.3%	39.5K	-90.6K	-4.8K	0.21	86.27	58	12	4,705	1,510
2023-01-06	$9.98	$10.00	49.5%	17.1%	38.2%	45.7%	59.7%	113.9%	-15.2%	50.1K	-589.0K	-5.5K	0.03	94.48	860	25	4,774	1,516
2023-01-09	$10.39	$10.00	49.9%	16.4%	40.0%	46.3%	60.7%	88.3%	-26.4%	49.8K	-762.2K	-4.8K	0.12	86.19	220	27	4,531	1,515
2023-01-10	$10.39	$10.00	50.8%	15.4%	39.7%	47.6%	53.2%	86.6%	-13.9%	47.7K	-733.4K	-4.8K	1.28	86.61	93	119	4,500	1,526
2023-01-11	$10.43	$10.00	38.4%	11.0%	39.7%	29.8%	35.1%	77.5%	9.7%	49.6K	-768.9K	-4.8K	0.23	94.54	301	68	4,496	1,543
2023-01-12	$6.89	$10.00	59.8%	17.1%	153.9%	60.6%	57.3%	-19.6%	-11.9%	2.7K	758.1K	-2.2K	0.79	31.41	1,232	974	4,377	1,583
2023-01-13	$6.37	$7.50	54.3%	15.6%	155.2%	52.7%	61.2%	-0.9%	-15.0%	4.6K	598.5K	-2.6K	0.05	68.97	2,333	120	4,790	1,900
2023-01-17	$5.80	$7.50	64.2%	18.4%	157.4%	66.9%	66.9%	-5.5%	4.1%	9.5K	-262.2K	-5.0K	0.29	46.36	794	233	6,969	1,965
2023-01-18	$5.80	$7.50	65.3%	18.7%	157.6%	68.5%	66.9%	-6.2%	0.1%	10.5K	-327.7K	-5.9K	0.27	56.75	279	76	7,503	2,228
2023-01-19	$5.74	$7.50	61.4%	17.6%	157.0%	62.8%	59.0%	-15.0%	-18.5%	9.0K	-362.6K	-5.9K	2.44	65.13	95	232	7,569	2,275
2023-01-20	$5.46	$7.50	44.2%	12.7%	157.2%	38.1%	43.6%	3.5%	5.8%	6.5K	-148.5K	-5.4K	0.71	79.24	260	184	7,483	2,463
2023-01-23	$5.58	$7.50	53.3%	15.3%	157.8%	51.3%	58.1%	12.5%	-4.9%	8.0K	-360.9K	-5.7K	0.67	73.28	256	172	5,330	2,139
2023-01-24	$5.67	$7.50	38.6%	11.1%	158.5%	30.1%	38.7%	0.2%	26.8%	7.2K	-462.4K	-5.5K	2.63	74.48	52	137	5,381	2,275
2023-01-25	$5.67	$7.50	59.4%	17.0%	157.0%	59.9%	59.3%	18.8%	-11.6%	6.8K	-410.6K	-5.8K	10.89	81.06	28	305	5,408	2,368
2023-01-26	$5.67	$7.50	49.6%	14.2%	157.2%	45.9%	44.9%	14.1%	0.6%	4.2K	-458.4K	-5.9K	0.02	65.31	89	2	5,435	2,614
2023-01-27	$5.71	$7.50	58.9%	16.9%	157.6%	59.3%	51.8%	23.5%	5.9%	5.4K	-517.7K	-6.1K	0.03	81.95	38	1	5,487	2,471
2023-01-30	$5.54	$7.50	59.6%	17.1%	157.2%	60.3%	0.0%	17.1%	13.7%	4.3K	-393.3K	-5.9K	0.84	68.84	73	61	5,511	2,473
2023-01-31	$5.59	$7.50	60.9%	17.5%	155.9%	62.2%	64.9%	19.4%	5.1%	4.7K	-461.9K	-6.0K	0.59	66.26	32	19	5,583	2,463