KNOP Options History — April 2023

In April 2023, KNOP traded between $4.50 and $5.27. ATM implied volatility averaged 48.1%, placing in the 25.6% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded above realized volatility by 4.6% (HV 20d: 43.4%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 6 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 1.84.

Notable Days

2023-04-24: Highest Volume — 380 contracts
2023-04-10: Largest IV spike — 43.6% change
2023-04-10: Highest IV Rank — 50.9%
2023-04-05: Largest Expected Move — 18.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$4.93	$4.50	$5.27	$5.27	$4.79
Max Pain	$5.39	$5.00	$7.50	$7.50	$5.00
ATM IV	48.1%	30.7%	75.2%	56.4%	40.6%
Expected Move	13.3%	8.8%	18.7%	16.2%	11.6%
HV 20d	43.4%	28.8%	53.7%	51.4%	38.7%
HV 60d	57.9%	42.3%	98.4%	98.4%	44.4%
IV Rank	25.6%	9.5%	50.9%	33.4%	18.7%
IV Percentile	64.1%	13.5%	97.6%	86.9%	48.0%
Term Structure	-0.2%	-36.0%	22.5%	-13.2%	11.1%
VWIV	45.5%	22.0%	61.3%	57.8%	43.0%
Skew 25d	61.3%	10.1%	111.0%	10.1%	109.3%
Skew 10d	96.2%	26.1%	178.2%	62.2%	142.2%
Call IV 25d	48.9%	34.4%	70.4%	55.0%	48.3%
Put IV 25d	110.2%	65.2%	157.6%	65.2%	157.6%
Bid-Ask Spread %	70.14	18.73	103.18	81.95	77.14
Gamma HHI	0.78	0.46	0.91	0.46	0.85
Net GEX	-3.7K	-20.0K	10.9K	-279	10.9K
Net DEX	166.6K	-51.3K	360.1K	90.1K	-51.3K
Net VEX	-1.9K	-2.1K	-1.6K	-2.1K	-2.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.84	0.04	9.33	0.13	0.21
Total Volume	89.684	17	380	17	23
Total OI	5,113.105	3,477	5,773	5,337	4,063

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
2023-04-03	$5.27	$7.50	56.4%	16.2%	51.4%	33.4%	57.8%	10.1%	-13.2%	-279	90.1K	-2.1K	0.13	81.95	15	2	3,906	1,431
2023-04-04	$5.14	$7.50	61.3%	17.6%	51.3%	38.0%	61.3%	85.1%	-18.9%	-989	145.4K	-2.0K	0.04	81.72	45	2	3,904	1,432
2023-04-05	$5.10	$7.50	65.0%	18.7%	51.4%	41.5%	47.9%	15.6%	-36.0%	-3.6K	157.4K	-2.1K	6.67	79.14	3	20	3,947	1,434
2023-04-06	$5.01	$5.00	52.4%	13.1%	51.4%	29.7%	45.8%	67.6%	6.1%	-3.6K	183.1K	-2.0K	1.60	74.19	15	24	3,950	1,438
2023-04-10	$4.86	$5.00	75.2%	15.7%	50.1%	50.9%	54.7%	25.0%	-2.9%	-1.8K	239.8K	-1.9K	1.41	48.19	122	172	3,954	1,443
2023-04-11	$5.08	$5.00	53.5%	14.9%	53.7%	30.8%	52.4%	26.9%	-2.3%	-5.1K	210.0K	-1.9K	2.00	20.39	9	18	4,066	1,486
2023-04-12	$5.08	$5.00	44.9%	12.9%	53.5%	22.7%	44.8%	68.1%	0.6%	-11.9K	169.3K	-2.0K	0.51	92.84	35	18	4,071	1,503
2023-04-13	$5.04	$5.00	47.8%	13.7%	53.0%	25.4%	47.8%	21.5%	-4.2%	-9.0K	193.7K	-1.9K	6.33	61.73	3	19	4,077	1,518
2023-04-14	$4.96	$5.00	44.8%	12.8%	46.3%	22.6%	44.8%	80.6%	-5.4%	-17.0K	243.5K	-1.8K	0.26	92.42	35	9	4,080	1,520
2023-04-17	$5.05	$5.00	43.9%	12.6%	46.8%	21.8%	0.0%	80.6%	-0.8%	-20.0K	173.8K	-1.9K	0.72	86.29	65	47	4,105	1,528
2023-04-18	$5.03	$5.00	44.9%	12.9%	40.1%	22.7%	44.9%	82.8%	2.6%	-14.3K	190.1K	-1.9K	3.00	85.21	6	18	4,210	1,536
2023-04-19	$5.00	$5.00	43.6%	12.5%	39.0%	21.5%	43.8%	87.2%	-3.2%	-15.4K	247.1K	-1.8K	1.11	81.85	19	21	4,216	1,542
2023-04-20	$4.87	$5.00	53.1%	15.2%	39.2%	30.4%	55.8%	97.3%	8.3%	-14.9K	301.0K	-1.7K	9.33	103.18	6	56	4,234	1,539
2023-04-21	$4.84	$5.00	54.2%	15.5%	36.0%	31.4%	54.1%	76.3%	-4.2%	6.8K	360.1K	-1.6K	1.00	76.20	54	54	4,230	1,496
2023-04-24	$4.86	$5.00	31.2%	8.9%	34.8%	9.9%	22.0%	43.1%	20.1%	6.0K	70.1K	-1.6K	0.04	31.68	365	15	2,567	910
2023-04-25	$4.69	$5.00	35.6%	10.2%	28.8%	14.0%	34.2%	111.0%	18.7%	6.8K	42.7K	-1.9K	0.21	80.83	190	40	2,843	913
2023-04-26	$4.53	$5.00	34.1%	9.8%	29.9%	12.6%	34.6%	47.8%	22.5%	8.5K	83.9K	-1.8K	0.12	58.96	102	12	3,031	949
2023-04-27	$4.50	$5.00	30.7%	8.8%	29.3%	9.5%	30.0%	28.7%	-2.1%	8.8K	115.0K	-1.7K	0.32	18.73	34	11	3,133	944
2023-04-28	$4.79	$5.00	40.6%	11.6%	38.7%	18.7%	43.0%	109.3%	11.1%	10.9K	-51.3K	-2.1K	0.21	77.14	19	4	3,152	911