KNOP Options History — February 2023

In February 2023, KNOP traded between $5.79 and $6.60. ATM implied volatility averaged 56.6%, placing in the 55.9% IV rank vs the trailing year. The 30-day expected move averaged 16.3%. IV traded below realized volatility by 25.2% (HV 20d: 81.7%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 0.40.

Notable Days

2023-02-02: Highest Volume — 288 contracts
2023-02-24: Largest IV spike — 42.3% change
2023-02-10: Highest IV Rank — 79.5%
2023-02-06: Largest Expected Move — 21.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$6.27	$5.79	$6.60	$5.79	$6.50
Max Pain	$7.24	$5.00	$7.50	$7.50	$7.50
ATM IV	56.6%	37.5%	72.9%	48.6%	51.7%
Expected Move	16.3%	10.8%	21.8%	13.9%	14.8%
HV 20d	81.7%	30.6%	158.5%	157.1%	39.3%
HV 60d	103.8%	97.9%	105.7%	103.3%	97.9%
IV Rank	55.9%	28.5%	79.5%	44.4%	48.9%
IV Percentile	87.9%	46.4%	99.2%	84.1%	84.5%
Term Structure	0.5%	-42.1%	30.8%	30.8%	12.3%
VWIV	53.8%	30.5%	77.7%	56.4%	44.4%
Skew 25d	19.4%	-22.6%	113.9%	14.5%	14.6%
Skew 10d	26.4%	-20.2%	171.7%	0.1%	0.4%
Call IV 25d	50.2%	33.2%	75.9%	48.0%	38.0%
Put IV 25d	69.6%	37.3%	187.8%	62.5%	52.6%
Bid-Ask Spread %	67.32	17.55	103.18	71.62	23.65
Gamma HHI	0.44	0.33	0.50	0.33	0.47
Net GEX	13.8K	7.3K	17.6K	7.3K	16.9K
Net DEX	-920.5K	-1.1M	-614.2K	-614.2K	-1.1M
Net VEX	-5.2K	-6.0K	-4.4K	-6.0K	-4.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.40	0.00	1.95	1.33	0.39
Total Volume	81.842	11	288	28	57
Total OI	7,700.947	6,731	8,240	8,024	6,844

Daily Data (19 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
2023-02-01	$5.79	$7.50	48.6%	13.9%	157.1%	44.4%	56.4%	14.5%	30.8%	7.3K	-614.2K	-6.0K	1.33	71.62	12	16	5,572	2,452
2023-02-02	$5.92	$5.00	66.2%	17.6%	157.9%	69.9%	33.7%	26.7%	-22.4%	9.2K	-698.0K	-5.9K	0.26	92.54	228	60	5,568	2,448
2023-02-03	$6.12	$5.00	54.1%	18.0%	158.5%	52.4%	66.8%	27.1%	-10.8%	11.9K	-707.8K	-5.4K	0.10	103.18	247	24	5,436	2,407
2023-02-06	$6.12	$7.50	62.4%	21.8%	156.1%	64.3%	75.0%	39.7%	-42.1%	12.8K	-887.8K	-5.2K	0.02	86.72	162	3	5,656	2,431
2023-02-07	$6.16	$7.50	67.7%	16.5%	154.7%	72.0%	49.6%	3.8%	-3.2%	12.4K	-829.6K	-5.5K	1.95	71.41	22	43	5,632	2,434
2023-02-08	$6.07	$7.50	61.5%	17.6%	154.5%	63.1%	60.9%	-1.3%	8.2%	13.0K	-789.6K	-5.3K	0.00	61.78	85	0	5,652	2,425
2023-02-09	$6.00	$7.50	55.5%	15.9%	154.2%	54.3%	0.0%	-3.1%	12.3%	12.1K	-695.8K	-5.4K	0.57	57.03	7	4	5,735	2,425
2023-02-10	$6.16	$7.50	72.9%	20.9%	54.8%	79.5%	77.7%	8.5%	16.3%	14.9K	-852.1K	-5.5K	0.00	71.47	15	0	5,736	2,426
2023-02-13	$6.31	$7.50	67.8%	19.4%	48.4%	72.1%	63.9%	-22.6%	-9.7%	13.3K	-923.2K	-5.1K	0.09	87.97	142	13	5,748	2,432
2023-02-14	$6.60	$7.50	41.8%	12.0%	36.5%	34.7%	38.4%	113.9%	2.5%	17.6K	-1.1M	-5.1K	0.28	98.10	54	15	5,800	2,440
2023-02-15	$6.56	$7.50	55.8%	16.0%	36.7%	54.8%	73.1%	112.0%	-2.1%	14.0K	-1.1M	-4.4K	0.03	85.25	35	1	5,790	2,441
2023-02-16	$6.50	$7.50	49.4%	14.2%	36.7%	45.6%	59.1%	-0.8%	5.5%	14.5K	-1.0M	-4.8K	0.39	91.33	28	11	5,794	2,441
2023-02-17	$6.44	$7.50	61.4%	17.6%	30.8%	62.8%	62.1%	-13.7%	-6.7%	15.2K	-949.6K	-5.2K	0.25	67.77	20	5	5,776	2,440
2023-02-21	$6.42	$7.50	49.0%	14.1%	30.6%	45.0%	0.0%	11.1%	-6.4%	16.5K	-1.1M	-4.6K	0.36	80.15	66	24	5,180	1,551
2023-02-22	$6.28	$7.50	37.5%	10.8%	32.0%	28.5%	34.9%	-1.5%	10.7%	14.6K	-1.0M	-4.9K	1.25	44.68	16	20	5,199	1,570
2023-02-23	$6.51	$7.50	44.2%	12.7%	33.8%	38.2%	30.5%	12.1%	20.1%	16.2K	-1.1M	-4.8K	0.35	17.55	34	12	5,203	1,590
2023-02-24	$6.21	$7.50	62.9%	18.0%	38.8%	65.1%	0.0%	8.0%	-22.5%	14.0K	-938.1K	-5.0K	0.00	19.97	34	0	5,206	1,601
2023-02-27	$6.50	$7.50	64.4%	18.5%	41.5%	67.2%	34.1%	20.1%	16.4%	15.6K	-1.1M	-5.0K	0.00	46.98	40	0	5,236	1,601
2023-02-28	$6.50	$7.50	51.7%	14.8%	39.3%	48.9%	44.4%	14.6%	12.3%	16.9K	-1.1M	-4.9K	0.39	23.65	41	16	5,242	1,602