KNOP Options History — March 2023

In March 2023, KNOP traded between $5.00 and $6.72. ATM implied volatility averaged 57.5%, placing in the 41.8% IV rank vs the trailing year. The 30-day expected move averaged 14.9%. IV traded above realized volatility by 12.3% (HV 20d: 45.2%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 16 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 0.57.

Notable Days

  • 2023-03-20: Highest Volume — 1,311 contracts
  • 2023-03-10: Largest IV spike — 69.7% change
  • 2023-03-13: Highest IV Rank — 100.0%
  • 2023-03-16: Largest Expected Move — 22.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.86$5.00$6.72$6.66$5.31
Max Pain$7.50$7.50$7.50$7.50$7.50
ATM IV57.5%36.3%127.9%38.9%38.4%
Expected Move14.9%10.4%22.1%11.1%11.0%
HV 20d45.2%36.5%53.0%39.7%51.5%
HV 60d97.2%95.8%99.2%96.1%98.5%
IV Rank41.8%14.7%100.0%30.4%16.6%
IV Percentile77.3%38.5%100.0%52.4%44.0%
Term Structure-4.2%-66.7%14.7%14.7%4.7%
VWIV57.4%33.0%136.5%48.5%94.6%
Skew 25d17.6%-19.5%57.3%11.6%-12.4%
Skew 10d55.3%-11.7%133.3%18.2%53.1%
Call IV 25d47.3%35.2%60.4%38.0%47.3%
Put IV 25d64.9%34.9%103.0%49.6%34.9%
Bid-Ask Spread %85.7158.1095.0558.1094.43
Gamma HHI0.530.390.810.450.61
Net GEX8.1K-4.5K18.5K17.1K-2.2K
Net DEX-423.2K-1.3M286.5K-1.2M79.2K
Net VEX-3.2K-4.4K-1.8K-4.2K-2.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.570.008.800.110.06
Total Volume182.91351,3113118
Total OI6,044.1745,0506,8136,7625,319

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-03-01$6.66$7.5038.9%11.1%39.7%30.4%48.5%11.6%14.7%17.1K-1.2M-4.2K0.1158.102835,1861,576
2023-03-02$6.72$7.5048.4%13.9%38.5%44.2%58.9%10.5%-14.6%18.5K-1.3M-4.4K0.0459.8812755,1891,577
2023-03-03$6.70$7.5053.2%15.2%38.2%51.0%40.7%36.7%6.3%17.6K-1.2M-4.3K0.0987.73756685,2321,581
2023-03-06$6.56$7.5043.3%11.8%38.0%36.9%41.2%0.2%3.0%18.1K-862.0K-3.6K0.0591.444124,7821,617
2023-03-07$6.58$7.5042.3%15.7%38.0%35.4%56.0%-19.5%-11.5%13.5K-864.4K-3.9K0.6784.40324,8071,586
2023-03-08$6.51$7.5049.6%14.4%38.3%45.9%50.6%17.7%-1.2%13.3K-817.3K-3.9K0.0791.502824,8141,587
2023-03-09$6.41$7.5045.8%12.6%38.3%40.4%45.9%16.2%2.5%14.0K-820.9K-3.8K0.0090.745404,8211,588
2023-03-10$6.11$7.5077.7%15.9%42.1%86.4%55.7%1.7%0.2%11.8K-639.9K-3.8K0.2784.95128344,8411,589
2023-03-13$6.13$7.50127.9%18.5%41.0%100.0%0.0%9.4%-24.9%13.4K-658.5K-3.8K0.1588.611324,8981,563
2023-03-14$6.18$7.50119.0%19.1%40.2%92.0%57.4%20.6%7.1%13.6K-683.5K-3.9K0.0795.0512284,8911,563
2023-03-15$6.23$7.5058.6%16.8%36.5%37.1%33.0%21.5%-0.3%13.7K-724.9K-3.7K0.3485.27225765,0021,566
2023-03-16$5.75$7.5077.1%22.1%45.7%53.9%48.2%5.8%-66.7%14.0K-508.6K-3.8K1.0591.0822235,1821,504
2023-03-17$5.62$7.5054.1%15.5%46.1%33.0%62.2%24.7%2.2%12.0K-414.3K-3.7K0.4293.9340175,1981,517
2023-03-20$5.24$7.5058.4%16.7%51.2%36.9%58.5%52.7%-2.4%9.6K-245.1K-3.5K0.0787.971,227844,9781,380
2023-03-21$5.36$7.5058.8%16.9%52.5%37.3%136.5%23.3%-15.3%2.1K117.3K-2.2K0.0581.92406193,8401,462
2023-03-22$5.23$7.5050.4%14.5%52.6%29.7%56.9%57.3%11.4%-2.1K228.7K-1.8K0.2182.1952113,5821,468
2023-03-23$5.00$7.5041.9%12.0%51.2%21.9%44.2%56.2%5.0%-4.4K286.5K-1.8K0.3492.95102353,6241,458
2023-03-24$5.12$7.5043.9%12.6%51.1%23.7%43.9%43.2%5.3%-4.5K219.5K-1.9K0.0190.9423433,6931,473
2023-03-27$5.42$7.5040.7%11.7%52.9%20.8%0.0%1.4%9.2%-38946.6K-2.0K0.0184.488813,9251,469
2023-03-28$5.29$7.5063.3%18.2%53.0%39.9%0.0%-1.5%-40.2%1.1K66.2K-2.2K0.1779.66613,9361,469
2023-03-29$5.33$7.5036.3%10.4%51.9%14.7%94.6%-7.5%8.1%-2.2K60.3K-2.0K8.8085.825443,9321,468
2023-03-30$5.31$7.5055.6%15.9%51.4%32.7%0.0%34.3%0.3%-31785.6K-2.2K0.0088.294203,8531,430
2023-03-31$5.31$7.5038.4%11.0%51.5%16.6%0.0%-12.4%4.7%-2.2K79.2K-2.0K0.0694.431713,8891,430