KNOP Options History — November 2023

In November 2023, KNOP traded between $5.42 and $5.96. ATM implied volatility averaged 51.3%, placing in the 13.4% IV rank vs the trailing year. The 30-day expected move averaged 14.5%. IV traded above realized volatility by 22.3% (HV 20d: 29.1%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 1.37.

Notable Days

2023-11-20: Highest Volume — 312 contracts
2023-11-07: Largest IV spike — 89.6% change
2023-11-07: Highest IV Rank — 27.7%
2023-11-09: Largest Expected Move — 19.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.71	$5.42	$5.96	$5.96	$5.42
Max Pain	$6.43	$5.00	$7.50	$5.00	$5.00
ATM IV	51.3%	34.8%	78.1%	51.8%	54.1%
Expected Move	14.5%	10.0%	19.0%	14.9%	15.5%
HV 20d	29.1%	23.3%	37.9%	37.9%	23.3%
HV 60d	46.5%	41.0%	47.8%	47.7%	41.0%
IV Rank	13.4%	4.6%	27.7%	13.7%	14.5%
IV Percentile	56.9%	7.1%	95.6%	64.3%	70.6%
Term Structure	-1.9%	-18.4%	14.7%	-15.8%	0.8%
VWIV	69.3%	32.7%	140.2%	32.7%	62.5%
Skew 25d	5.9%	-53.5%	25.5%	2.4%	5.1%
Skew 10d	49.8%	-62.5%	132.4%	3.7%	132.4%
Call IV 25d	49.6%	34.6%	88.4%	45.3%	60.0%
Put IV 25d	55.5%	34.9%	68.9%	47.7%	65.2%
Bid-Ask Spread %	72.12	17.73	97.14	72.28	57.45
Gamma HHI	0.53	0.48	0.67	0.48	0.67
Net GEX	6.3K	6.0K	6.9K	6.3K	6.5K
Net DEX	-367.5K	-426.3K	-287.0K	-426.3K	-287.0K
Net VEX	-1.2K	-1.5K	-934	-1.5K	-961
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.37	0.00	14.44	0.20	0.80
Total Volume	43.571	0	312	30	18
Total OI	1,853.905	1,752	2,167	1,821	1,764

Daily Data (21 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
2023-11-01	$5.96	$5.00	51.8%	14.9%	37.9%	13.7%	0.0%	2.4%	-15.8%	6.3K	-426.3K	-1.5K	0.20	72.28	25	5	1,470	351
2023-11-02	$5.85	$7.50	61.1%	16.1%	33.7%	18.6%	32.7%	17.3%	-2.2%	6.2K	-392.3K	-1.4K	0.00	72.92	24	0	1,477	356
2023-11-03	$5.77	$7.50	45.1%	12.7%	33.5%	10.1%	50.8%	15.4%	14.7%	6.2K	-378.8K	-1.5K	0.39	88.54	31	12	1,498	356
2023-11-06	$5.69	$7.50	41.2%	14.5%	30.9%	8.0%	50.6%	-10.8%	-1.1%	6.1K	-366.2K	-1.4K	0.20	68.84	20	4	1,509	367
2023-11-07	$5.70	$7.50	78.1%	17.4%	31.0%	27.7%	60.3%	24.7%	-6.5%	6.3K	-374.6K	-1.4K	0.20	80.10	10	2	1,516	371
2023-11-08	$5.75	$7.50	49.9%	14.3%	31.4%	12.6%	0.0%	25.5%	10.9%	6.3K	-386.8K	-1.4K	0.00	65.65	0	0	1,516	373
2023-11-09	$5.79	$7.50	66.1%	19.0%	31.4%	21.3%	66.9%	22.9%	-12.7%	6.3K	-402.1K	-1.4K	0.77	80.51	31	24	1,516	373
2023-11-10	$5.88	$7.50	56.9%	16.3%	30.5%	16.4%	90.5%	22.7%	-17.1%	6.5K	-419.4K	-1.3K	3.00	61.76	2	6	1,519	381
2023-11-13	$5.81	$7.50	50.2%	14.4%	28.7%	12.8%	0.0%	19.0%	-4.7%	6.7K	-381.1K	-1.3K	0.00	71.19	3	0	1,518	386
2023-11-14	$5.91	$7.50	48.4%	13.9%	29.3%	11.9%	0.0%	-0.9%	-7.8%	6.5K	-412.2K	-1.3K	0.00	71.13	2	0	1,520	386
2023-11-15	$5.89	$7.50	51.9%	14.9%	29.1%	13.7%	0.0%	5.3%	-4.4%	6.3K	-412.6K	-1.4K	0.00	68.85	0	0	1,532	386
2023-11-16	$5.79	$7.50	51.0%	14.6%	28.7%	13.2%	140.2%	25.1%	-18.4%	6.0K	-417.6K	-1.4K	14.44	89.54	18	260	1,532	386
2023-11-17	$5.69	$7.50	42.0%	12.0%	25.8%	8.4%	0.0%	-53.5%	-9.4%	6.4K	-362.2K	-1.3K	3.00	94.98	10	30	1,534	633
2023-11-20	$5.68	$5.00	54.4%	15.6%	24.7%	15.0%	48.5%	14.8%	3.7%	6.9K	-350.0K	-1.2K	0.01	56.53	309	3	1,489	353
2023-11-21	$5.55	$5.00	52.0%	14.9%	25.8%	13.8%	0.0%	-18.2%	4.8%	6.3K	-307.2K	-1.1K	0.15	81.88	20	3	1,422	355
2023-11-22	$5.57	$5.00	47.2%	13.5%	25.8%	11.2%	122.4%	6.1%	10.8%	6.4K	-313.6K	-1.1K	0.00	97.14	0	13	1,420	332
2023-11-24	$5.65	$5.00	34.8%	10.0%	26.3%	4.6%	37.0%	-12.6%	11.6%	6.1K	-357.8K	-1.0K	0.00	87.44	4	0	1,420	333
2023-11-27	$5.52	$5.00	58.3%	16.7%	27.1%	17.0%	0.0%	19.0%	-9.7%	6.2K	-314.7K	-950	0.00	76.78	19	0	1,424	333
2023-11-28	$5.46	$5.00	46.7%	13.4%	27.3%	10.8%	0.0%	-3.4%	4.3%	6.4K	-312.1K	-940	0.17	17.73	6	1	1,428	333
2023-11-29	$5.56	$5.00	36.6%	10.5%	28.2%	5.4%	0.0%	-2.5%	7.8%	6.1K	-342.1K	-934	0.00	53.28	0	0	1,431	333
2023-11-30	$5.42	$5.00	54.1%	15.5%	23.3%	14.5%	62.5%	5.1%	0.8%	6.5K	-287.0K	-961	0.80	57.45	10	8	1,431	333