KNOP Options History — May 2023

In May 2023, KNOP traded between $4.31 and $5.39. ATM implied volatility averaged 45.3%, placing in the 23.1% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded below realized volatility by 0.5% (HV 20d: 45.9%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 1.24.

Notable Days

  • 2023-05-17: Highest Volume — 195 contracts
  • 2023-05-31: Largest IV spike — 107.1% change
  • 2023-05-31: Highest IV Rank — 47.3%
  • 2023-05-31: Largest Expected Move — 20.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.70$4.31$5.39$4.71$5.08
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV45.3%34.4%71.3%53.7%71.3%
Expected Move13.1%9.9%20.4%15.4%20.4%
HV 20d45.9%38.8%62.8%38.8%62.8%
HV 60d45.6%44.0%52.7%44.2%52.7%
IV Rank23.1%12.9%47.3%30.9%47.3%
IV Percentile59.2%23.4%97.2%81.7%97.2%
Term Structure-0.5%-55.7%21.1%-18.4%-55.7%
VWIV43.1%26.3%61.6%61.6%51.0%
Skew 25d87.7%7.3%217.7%106.9%33.9%
Skew 10d122.9%16.1%291.5%148.9%72.4%
Call IV 25d52.2%31.4%118.4%63.4%51.7%
Put IV 25d139.8%47.2%313.1%170.3%85.6%
Bid-Ask Spread %72.0728.44100.5297.5793.13
Gamma HHI0.870.720.940.880.79
Net GEX10.7K6.9K14.9K10.8K12.8K
Net DEX-111.0K-550.4K48.9K-87.6K-353.3K
Net VEX-1.8K-2.1K-1.5K-2.0K-2.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.240.007.140.190.29
Total Volume68.95501953244
Total OI4,101.6823,8794,2773,9624,242

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$4.71$5.0053.7%15.4%38.8%30.9%61.6%106.9%-18.4%10.8K-87.6K-2.0K0.1997.572753,171791
2023-05-02$4.54$5.0048.7%14.0%40.3%26.2%0.0%167.7%4.0%9.3K-67.9K-1.9K1.1979.3426313,196793
2023-05-03$4.42$5.0036.8%10.5%40.4%15.1%0.0%163.3%18.9%7.7K48.9K-1.7K6.0072.112123,212823
2023-05-04$4.31$5.0041.4%10.1%40.9%19.4%0.0%157.9%21.1%6.9K24.8K-1.6K0.1869.965193,214764
2023-05-05$4.49$5.0037.5%15.3%44.3%15.8%0.0%78.8%-5.5%8.6K-3.7K-1.7K0.00100.52003,260771
2023-05-08$4.42$5.0043.9%15.1%43.5%21.8%50.9%208.2%-10.0%7.8K43.4K-1.5K0.1791.971223,260771
2023-05-09$4.49$5.0053.4%12.8%40.3%30.6%27.8%208.8%13.6%9.6K-217-1.7K0.0077.559303,272767
2023-05-10$4.62$5.0041.7%11.9%42.1%19.7%0.0%67.7%1.4%10.6K905-1.7K0.0042.60103,364767
2023-05-11$4.47$5.0045.0%12.9%43.3%22.8%0.0%217.7%-8.4%9.0K19.4K-1.7K0.0046.112403,365767
2023-05-12$4.41$5.0045.1%12.9%43.2%22.9%31.5%194.6%15.8%7.5K34.4K-1.5K3.5778.157253,389767
2023-05-15$4.54$5.0045.2%13.0%44.2%23.0%50.9%7.3%-4.8%8.4K-9.4K-1.7K1.5082.28463,389755
2023-05-16$4.46$5.0050.4%14.5%44.4%27.9%26.3%47.3%20.0%7.9K31.7K-1.5K1.3287.2031413,393751
2023-05-17$4.61$5.0039.1%11.2%46.5%17.3%41.2%11.4%-1.3%9.4K20.5K-1.6K0.0357.9919053,381752
2023-05-18$4.76$5.0037.5%10.7%47.4%15.8%37.7%16.2%-1.1%13.4K-78.1K-1.8K0.5168.9951263,521752
2023-05-19$4.87$5.0040.0%11.5%48.1%18.1%39.2%16.4%14.8%12.6K-178.3K-2.1K2.4987.20451123,540737
2023-05-22$5.04$5.0046.8%13.4%49.6%24.5%46.8%55.7%-0.3%13.4K-283.1K-2.1K0.0959.949083,229650
2023-05-23$5.12$5.0052.6%15.1%47.8%29.9%52.6%47.7%-7.9%14.9K-338.9K-2.1K0.1168.48165183,312648
2023-05-24$4.97$5.0050.0%14.3%47.3%27.4%48.9%58.4%-6.7%14.8K-284.6K-2.0K7.1428.44141003,426635
2023-05-25$4.80$5.0040.1%11.5%49.2%18.2%40.6%16.8%9.7%12.9K-194.3K-2.0K0.7964.0629233,440736
2023-05-26$4.79$5.0043.1%12.3%44.0%21.0%46.6%29.8%-4.5%13.1K-236.9K-2.0K0.3489.34100343,466751
2023-05-30$5.39$5.0034.4%9.9%60.2%12.9%36.5%15.8%-5.5%13.7K-550.4K-2.1K0.2342.7044103,476771
2023-05-31$5.08$5.0071.3%20.4%62.8%47.3%51.0%33.9%-55.7%12.8K-353.3K-2.1K0.2993.1334103,476766