KNOP Options History — December 2023

In December 2023, KNOP traded between $5.36 and $6.21. ATM implied volatility averaged 47.5%, placing in the 11.0% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded above realized volatility by 12.2% (HV 20d: 35.3%). 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 13 of 20 days. Put/call ratio averaged 0.53.

Notable Days

2023-12-14: Highest Volume — 505 contracts
2023-12-13: Largest IV drop — 33.0% change
2023-12-12: Highest IV Rank — 26.7%
2023-12-07: Largest Expected Move — 14.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.73	$5.36	$6.21	$5.46	$5.73
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	47.5%	29.1%	77.0%	48.6%	35.0%
Expected Move	12.2%	8.3%	14.9%	13.9%	10.0%
HV 20d	35.3%	22.8%	47.3%	23.0%	46.2%
HV 60d	38.6%	36.7%	41.4%	39.3%	36.7%
IV Rank	11.0%	1.1%	26.7%	11.5%	4.2%
IV Percentile	43.0%	0.4%	94.4%	48.4%	7.5%
Term Structure	2.7%	-12.2%	20.1%	3.4%	-3.5%
VWIV	50.4%	29.9%	111.8%	42.1%	35.3%
Skew 25d	7.7%	-20.0%	25.9%	4.4%	9.3%
Skew 10d	37.6%	-39.6%	107.4%	27.6%	-6.3%
Call IV 25d	43.1%	30.7%	72.6%	60.1%	45.6%
Put IV 25d	50.9%	32.3%	65.8%	64.5%	54.9%
Bid-Ask Spread %	67.37	18.94	89.59	34.91	76.32
Gamma HHI	0.58	0.45	0.83	0.67	0.46
Net GEX	4.5K	1.5K	7.2K	6.4K	2.1K
Net DEX	-301.2K	-430.7K	-254.6K	-299.3K	-254.6K
Net VEX	-776	-946	-539	-923	-677
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.53	0.00	2.00	2.00	0.00
Total Volume	60.75	0	505	0	30
Total OI	1,687.7	1,456	1,968	1,762	1,629

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
2023-12-01	$5.46	$5.00	48.6%	13.9%	23.0%	11.5%	0.0%	4.4%	3.4%	6.4K	-299.3K	-923	0.00	34.91	0	0	1,421	341
2023-12-04	$5.53	$5.00	45.6%	13.2%	23.4%	9.9%	0.0%	8.0%	3.8%	6.1K	-325.1K	-885	2.00	51.08	3	6	1,421	341
2023-12-05	$5.52	$5.00	56.3%	13.4%	23.0%	15.6%	0.0%	8.1%	1.5%	6.2K	-311.7K	-897	0.05	66.14	20	1	1,424	347
2023-12-06	$5.52	$5.00	59.5%	12.3%	22.9%	17.4%	42.1%	4.7%	3.1%	6.2K	-324.3K	-873	0.09	89.59	33	3	1,444	348
2023-12-07	$5.46	$5.00	56.6%	14.9%	22.8%	15.8%	0.0%	22.2%	-5.8%	6.3K	-309.5K	-946	0.00	70.42	0	0	1,433	351
2023-12-08	$5.58	$5.00	54.4%	13.3%	24.2%	14.7%	47.3%	-3.6%	4.9%	5.8K	-340.1K	-884	1.43	83.67	7	10	1,433	351
2023-12-11	$5.51	$5.00	70.5%	13.7%	23.6%	23.3%	0.0%	1.8%	2.7%	6.0K	-331.2K	-853	0.00	87.75	13	0	1,435	341
2023-12-12	$5.36	$5.00	77.0%	10.6%	25.0%	26.7%	42.5%	25.9%	-2.6%	7.2K	-279.0K	-819	1.35	84.20	37	50	1,438	341
2023-12-13	$5.46	$5.00	51.6%	14.8%	25.1%	13.1%	75.2%	-20.0%	-1.5%	5.8K	-301.3K	-876	0.75	75.75	109	82	1,439	388
2023-12-14	$5.94	$5.00	41.7%	12.0%	40.2%	7.8%	29.9%	20.7%	20.1%	5.6K	-430.7K	-848	0.07	18.94	474	31	1,483	485
2023-12-15	$5.74	$5.00	29.1%	8.3%	41.6%	1.1%	30.8%	1.3%	15.7%	1.5K	-285.5K	-540	0.20	71.50	30	6	1,293	476
2023-12-18	$5.98	$5.00	32.9%	9.4%	43.5%	3.1%	32.9%	0.6%	1.5%	1.7K	-257.5K	-539	0.81	71.00	27	22	1,152	304
2023-12-19	$6.21	$5.00	38.7%	11.1%	45.3%	6.2%	51.6%	-17.2%	7.6%	5.4K	-312.5K	-831	0.06	68.24	80	5	1,160	307
2023-12-20	$6.08	$5.00	46.6%	13.4%	45.1%	10.5%	57.2%	23.6%	-12.2%	4.4K	-298.6K	-765	0.00	71.60	27	0	1,246	305
2023-12-21	$5.99	$5.00	34.1%	9.8%	45.6%	3.8%	0.0%	23.5%	18.0%	2.3K	-285.1K	-633	0.67	79.48	3	2	1,251	305
2023-12-22	$5.85	$5.00	44.8%	12.8%	46.4%	9.5%	0.0%	6.9%	-4.7%	3.2K	-261.3K	-703	0.00	28.40	19	0	1,253	307
2023-12-26	$5.98	$5.00	44.4%	12.7%	46.0%	9.3%	50.8%	22.6%	-2.0%	3.0K	-285.6K	-668	0.00	77.20	17	0	1,272	308
2023-12-27	$5.89	$5.00	42.7%	12.2%	46.2%	8.4%	111.8%	9.0%	0.1%	2.6K	-276.2K	-662	0.59	79.30	17	10	1,270	308
2023-12-28	$5.72	$5.00	40.6%	11.6%	47.3%	7.3%	48.3%	3.2%	4.0%	2.5K	-254.6K	-702	1.41	61.85	17	24	1,286	317
2023-12-29	$5.73	$5.00	35.0%	10.0%	46.2%	4.2%	35.3%	9.3%	-3.5%	2.1K	-254.6K	-677	0.00	76.32	30	0	1,296	333