KNOP Options History — September 2023

In September 2023, KNOP traded between $5.29 and $6.83. ATM implied volatility averaged 60.2%, placing in the 23.6% IV rank vs the trailing year. The 30-day expected move averaged 11.2%. IV traded above realized volatility by 7.1% (HV 20d: 53.1%). 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 14 of 20 days. Put/call ratio averaged 1.61.

Notable Days

2023-09-07: Highest Volume — 931 contracts
2023-09-11: Largest IV spike — 236.4% change
2023-09-07: Highest IV Rank — 100.0%
2023-09-18: Largest Expected Move — 17.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$6.39	$5.29	$6.83	$5.29	$6.80
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	60.2%	27.1%	213.7%	56.7%	50.8%
Expected Move	11.2%	7.4%	17.9%	16.3%	14.6%
HV 20d	53.1%	32.2%	61.4%	32.2%	58.9%
HV 60d	44.6%	37.4%	47.7%	37.4%	47.7%
IV Rank	23.6%	0.5%	100.0%	30.0%	13.1%
IV Percentile	50.7%	0.8%	100.0%	81.3%	65.1%
Term Structure	3.6%	-26.6%	22.1%	-26.6%	-12.0%
VWIV	41.4%	25.4%	69.0%	52.5%	50.5%
Skew 25d	11.8%	-3.7%	47.5%	9.0%	47.5%
Skew 10d	16.7%	-6.6%	63.4%	63.4%	56.8%
Call IV 25d	33.6%	24.9%	54.8%	32.8%	54.8%
Put IV 25d	45.5%	29.0%	102.3%	41.8%	102.3%
Bid-Ask Spread %	41.51	9.18	98.14	98.14	27.07
Gamma HHI	0.56	0.50	0.77	0.77	0.58
Net GEX	9.3K	4.0K	11.8K	7.9K	11.5K
Net DEX	-867.2K	-1.1M	-385.0K	-385.0K	-966.8K
Net VEX	-1.4K	-1.7K	-625	-1.1K	-1.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.61	0.00	10.30	4.20	0.00
Total Volume	125.2	4	931	26	49
Total OI	2,542.85	2,002	2,769	2,079	2,679

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
2023-09-01	$5.29	$5.00	56.7%	16.3%	32.2%	30.0%	52.5%	9.0%	-26.6%	7.9K	-385.0K	-1.1K	4.20	98.14	5	21	1,628	451
2023-09-05	$5.83	$5.00	54.7%	13.9%	47.3%	28.0%	48.5%	21.2%	-7.1%	6.9K	-544.4K	-1.0K	0.39	55.71	105	41	1,625	452
2023-09-06	$6.04	$5.00	74.2%	8.8%	48.3%	47.2%	32.7%	8.7%	12.3%	4.0K	-603.8K	-625	0.05	55.16	197	10	1,569	433
2023-09-07	$6.38	$5.00	130.3%	7.5%	50.4%	100.0%	36.1%	4.9%	16.6%	5.1K	-682.9K	-751	0.03	63.35	907	24	1,606	429
2023-09-08	$6.63	$5.00	63.5%	11.6%	51.3%	35.9%	40.3%	-0.5%	9.2%	9.7K	-930.2K	-1.4K	0.01	27.41	202	3	2,028	452
2023-09-11	$6.56	$5.00	213.7%	12.3%	51.7%	100.0%	43.0%	-3.7%	-13.2%	10.4K	-1.0M	-1.2K	0.07	52.28	150	11	2,206	452
2023-09-12	$6.48	$5.00	100.7%	7.4%	51.0%	39.7%	0.0%	8.4%	22.1%	9.8K	-992.7K	-1.6K	0.14	51.85	21	3	2,315	454
2023-09-13	$6.21	$5.00	37.1%	10.6%	52.4%	5.8%	32.2%	-3.4%	5.7%	9.3K	-904.5K	-1.6K	4.00	44.77	2	8	2,313	453
2023-09-14	$6.45	$5.00	33.0%	9.5%	53.3%	3.6%	0.0%	8.3%	7.8%	11.2K	-988.8K	-1.6K	1.00	44.24	2	2	2,313	446
2023-09-15	$6.28	$5.00	48.5%	13.9%	54.9%	11.9%	69.0%	15.3%	9.0%	9.9K	-968.4K	-1.4K	0.00	32.20	0	10	2,315	448
2023-09-18	$6.28	$5.00	62.6%	17.9%	55.0%	19.4%	0.0%	17.8%	8.6%	9.5K	-861.4K	-1.5K	10.30	31.03	10	103	2,217	362
2023-09-19	$6.15	$5.00	37.5%	10.8%	54.6%	6.0%	0.0%	7.2%	-16.2%	9.2K	-842.1K	-1.4K	1.50	28.54	50	75	2,226	357
2023-09-20	$6.34	$5.00	27.1%	7.8%	54.1%	0.5%	32.8%	5.4%	14.0%	8.6K	-954.2K	-1.3K	0.17	57.67	18	3	2,266	432
2023-09-21	$6.62	$5.00	37.3%	10.7%	55.2%	5.9%	44.0%	16.5%	10.2%	11.0K	-1.0M	-1.5K	1.64	21.44	25	41	2,256	432
2023-09-22	$6.79	$5.00	44.7%	12.8%	54.2%	9.9%	44.7%	34.1%	0.1%	10.5K	-1.1M	-1.6K	0.06	37.25	217	14	2,274	456
2023-09-25	$6.83	$5.00	38.5%	11.0%	54.2%	6.6%	35.9%	9.6%	-3.8%	11.8K	-968.9K	-1.7K	0.05	58.60	38	2	2,144	465
2023-09-26	$6.44	$5.00	33.8%	9.7%	60.4%	4.0%	47.0%	9.4%	9.8%	9.0K	-821.8K	-1.6K	7.00	9.18	3	21	2,159	467
2023-09-27	$6.71	$5.00	29.2%	8.4%	61.0%	1.6%	25.4%	11.1%	8.4%	9.7K	-935.2K	-1.5K	0.00	15.91	56	0	2,169	455
2023-09-28	$6.63	$5.00	30.3%	8.7%	61.4%	2.2%	27.8%	9.4%	18.0%	10.0K	-877.3K	-1.6K	0.00	18.47	55	0	2,198	455
2023-09-29	$6.80	$5.00	50.8%	14.6%	58.9%	13.1%	50.5%	47.5%	-12.0%	11.5K	-966.8K	-1.7K	0.00	27.07	49	0	2,225	454