KNOP Options History — July 2023

In July 2023, KNOP traded between $5.04 and $5.90. ATM implied volatility averaged 43.3%, placing in the 21.3% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded above realized volatility by 5.9% (HV 20d: 37.4%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 1.44.

Notable Days

2023-07-03: Highest Volume — 604 contracts
2023-07-12: Largest IV spike — 74.5% change
2023-07-18: Highest IV Rank — 46.1%
2023-07-18: Largest Expected Move — 20.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.42	$5.04	$5.90	$5.05	$5.90
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	43.3%	29.4%	70.0%	44.4%	51.3%
Expected Move	12.7%	8.8%	20.1%	12.7%	14.7%
HV 20d	37.4%	30.9%	40.1%	37.0%	38.7%
HV 60d	48.6%	47.1%	50.0%	48.4%	47.3%
IV Rank	21.3%	8.3%	46.1%	22.2%	28.6%
IV Percentile	48.6%	9.1%	96.0%	57.1%	73.0%
Term Structure	2.7%	-28.7%	20.7%	-0.2%	-28.1%
VWIV	52.6%	35.4%	94.8%	44.4%	69.0%
Skew 25d	22.9%	2.6%	52.3%	19.7%	13.7%
Skew 10d	40.9%	-12.4%	77.2%	34.3%	45.5%
Call IV 25d	40.7%	28.7%	63.1%	53.3%	31.3%
Put IV 25d	63.5%	43.9%	86.4%	73.0%	45.0%
Bid-Ask Spread %	72.83	25.84	118.20	77.96	68.31
Gamma HHI	0.78	0.61	0.92	0.83	0.63
Net GEX	10.6K	6.6K	18.7K	9.9K	8.1K
Net DEX	-499.9K	-721.6K	-243.9K	-298.4K	-530.0K
Net VEX	-1.4K	-1.9K	-1.2K	-1.9K	-1.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.44	0.00	17.00	1.00	0.04
Total Volume	102.85	3	604	604	126
Total OI	3,506.5	1,743	4,459	4,355	1,829

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
2023-07-03	$5.05	$5.00	44.4%	12.7%	37.0%	22.2%	44.4%	19.7%	-0.2%	9.9K	-298.4K	-1.9K	1.00	77.96	302	302	3,475	880
2023-07-05	$5.13	$5.00	40.1%	11.5%	37.3%	18.2%	39.8%	4.5%	4.6%	11.7K	-340.8K	-1.6K	0.50	64.84	18	9	3,357	717
2023-07-06	$5.18	$5.00	43.9%	11.9%	36.7%	21.8%	0.0%	3.9%	4.9%	11.4K	-351.3K	-1.6K	0.75	83.15	4	3	3,354	718
2023-07-07	$5.22	$5.00	45.1%	13.2%	30.9%	22.9%	45.7%	2.6%	2.2%	11.6K	-394.5K	-1.6K	0.04	35.01	26	1	3,356	718
2023-07-10	$5.04	$5.00	42.4%	12.1%	32.8%	20.4%	0.0%	44.1%	2.3%	13.8K	-243.9K	-1.5K	2.00	101.98	1	2	3,347	719
2023-07-11	$5.25	$5.00	29.4%	13.4%	36.6%	8.3%	46.9%	52.3%	2.0%	12.3K	-471.9K	-1.5K	0.08	91.93	321	26	3,348	721
2023-07-12	$5.53	$5.00	51.3%	14.7%	38.0%	28.7%	51.2%	19.8%	3.4%	10.9K	-708.9K	-1.4K	0.25	100.16	79	20	3,648	746
2023-07-13	$5.41	$5.00	41.8%	12.0%	38.8%	19.8%	94.8%	48.0%	15.9%	11.2K	-720.8K	-1.4K	17.00	68.80	2	34	3,679	731
2023-07-14	$5.24	$5.00	39.9%	11.4%	39.8%	18.1%	0.0%	11.8%	12.7%	18.7K	-566.7K	-1.6K	3.88	101.35	8	31	3,677	743
2023-07-17	$5.30	$5.00	51.3%	14.7%	39.4%	28.6%	50.0%	4.6%	1.2%	17.5K	-585.4K	-1.5K	0.06	56.07	70	4	3,677	744
2023-07-18	$5.38	$5.00	70.0%	20.1%	39.6%	46.1%	83.4%	43.7%	-28.7%	12.8K	-675.9K	-1.4K	0.00	70.94	92	0	3,693	748
2023-07-19	$5.50	$5.00	53.1%	15.2%	40.1%	30.4%	0.0%	22.2%	-5.8%	11.6K	-721.6K	-1.3K	0.02	101.20	141	3	3,711	748
2023-07-20	$5.54	$5.00	45.8%	13.1%	39.9%	23.5%	51.3%	38.9%	20.7%	7.2K	-657.5K	-1.3K	0.05	37.97	61	3	3,554	747
2023-07-21	$5.57	$5.00	38.2%	11.0%	39.9%	16.5%	38.8%	19.4%	0.3%	7.1K	-453.1K	-1.3K	0.53	118.20	135	72	3,158	747
2023-07-24	$5.72	$5.00	39.0%	11.2%	37.6%	17.2%	35.4%	17.6%	13.0%	7.8K	-453.4K	-1.2K	0.05	96.94	37	2	1,455	288
2023-07-25	$5.72	$5.00	30.8%	8.8%	35.1%	9.5%	0.0%	24.1%	16.5%	6.6K	-494.6K	-1.3K	0.18	64.28	17	3	1,475	288
2023-07-26	$5.54	$5.00	33.9%	9.7%	37.0%	12.4%	39.4%	12.6%	12.8%	7.7K	-449.8K	-1.2K	0.67	64.96	9	6	1,480	290
2023-07-27	$5.54	$5.00	40.4%	11.6%	36.6%	18.5%	45.7%	36.0%	-4.4%	7.3K	-421.5K	-1.4K	1.79	26.64	14	25	1,485	296
2023-07-28	$5.65	$5.00	34.9%	10.0%	36.8%	13.4%	0.0%	18.1%	8.0%	7.2K	-458.5K	-1.3K	0.00	25.84	48	0	1,487	296
2023-07-31	$5.90	$5.00	51.3%	14.7%	38.7%	28.6%	69.0%	13.7%	-28.1%	8.1K	-530.0K	-1.2K	0.04	68.31	121	5	1,533	296