KNOP Options History — January 2024

In January 2024, KNOP traded between $5.56 and $6.30. ATM implied volatility averaged 55.7%, placing in the 15.4% IV rank vs the trailing year. The 30-day expected move averaged 13.9%. IV traded above realized volatility by 11.2% (HV 20d: 44.6%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 1.58.

Notable Days

2024-01-23: Highest Volume — 186 contracts
2024-01-03: Largest IV spike — 109.9% change
2024-01-03: Highest IV Rank — 43.0%
2024-01-03: Largest Expected Move — 30.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.90	$5.56	$6.30	$6.02	$5.87
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	55.7%	31.8%	107.4%	51.1%	74.3%
Expected Move	13.9%	9.1%	30.8%	14.7%	21.3%
HV 20d	44.6%	32.9%	54.2%	49.1%	32.9%
HV 60d	37.5%	36.4%	38.5%	36.8%	36.4%
IV Rank	15.4%	2.6%	43.0%	12.9%	25.3%
IV Percentile	53.7%	4.0%	98.4%	57.5%	92.1%
Term Structure	-1.4%	-69.4%	23.5%	20.7%	-69.4%
VWIV	56.5%	29.1%	128.0%	47.2%	72.7%
Skew 25d	16.9%	-5.0%	66.5%	23.4%	4.8%
Skew 10d	27.3%	-10.6%	55.5%	7.0%	42.0%
Call IV 25d	55.8%	43.2%	147.9%	49.5%	49.3%
Put IV 25d	72.7%	45.5%	168.5%	72.9%	54.0%
Bid-Ask Spread %	68.69	37.96	113.52	63.07	89.44
Gamma HHI	0.59	0.48	0.89	0.51	0.50
Net GEX	2.6K	-32	6.4K	3.0K	853
Net DEX	-239.8K	-371.6K	-91.0K	-298.9K	-132.5K
Net VEX	-833	-973	-714	-753	-932
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.58	0.00	7.14	0.04	0.00
Total Volume	40.952	1	186	24	11
Total OI	1,511.476	997	1,729	1,643	1,303

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
2024-01-02	$6.02	$5.00	51.1%	14.7%	49.1%	12.9%	47.2%	23.4%	20.7%	3.0K	-298.9K	-753	0.04	63.07	23	1	1,310	333
2024-01-03	$6.30	$5.00	107.4%	30.8%	51.1%	43.0%	41.9%	40.7%	8.4%	6.0K	-359.7K	-844	0.00	68.98	134	0	1,325	334
2024-01-04	$6.10	$5.00	58.2%	9.3%	52.9%	16.7%	52.9%	29.0%	18.9%	4.0K	-325.3K	-845	1.00	83.08	1	1	1,332	334
2024-01-05	$6.27	$5.00	86.4%	13.0%	53.4%	31.8%	53.2%	54.5%	0.2%	6.4K	-371.6K	-973	0.07	70.92	30	2	1,331	335
2024-01-08	$6.12	$5.00	88.8%	9.6%	54.2%	33.1%	0.0%	15.0%	18.2%	5.3K	-332.6K	-883	0.00	44.16	21	0	1,335	337
2024-01-09	$6.06	$5.00	64.4%	9.6%	54.1%	20.0%	0.0%	35.7%	18.6%	3.3K	-316.8K	-791	0.03	40.51	34	1	1,338	337
2024-01-10	$6.08	$5.00	60.8%	17.4%	53.8%	18.0%	0.0%	66.5%	-36.3%	5.3K	-326.7K	-892	0.00	113.52	0	1	1,360	337
2024-01-11	$5.96	$5.00	35.0%	10.0%	53.2%	4.3%	0.0%	22.2%	7.7%	2.9K	-307.3K	-747	0.00	43.06	0	2	1,360	338
2024-01-12	$6.01	$5.00	46.6%	13.4%	53.0%	10.4%	0.0%	20.7%	19.0%	2.7K	-309.4K	-783	0.00	40.95	44	0	1,359	343
2024-01-16	$5.87	$5.00	35.5%	10.2%	44.7%	4.5%	39.9%	5.1%	0.1%	2.6K	-307.5K	-719	0.00	74.32	11	0	1,359	343
2024-01-17	$5.89	$5.00	40.5%	11.6%	42.9%	7.2%	0.0%	2.5%	3.9%	2.5K	-294.9K	-729	2.00	58.91	3	6	1,361	353
2024-01-18	$5.81	$5.00	35.9%	10.3%	40.6%	4.7%	0.0%	-0.5%	23.5%	2.4K	-289.1K	-739	4.31	81.42	16	69	1,364	355
2024-01-19	$5.69	$5.00	44.1%	12.6%	38.3%	9.1%	0.0%	-2.9%	15.2%	1.9K	-270.5K	-714	7.14	56.26	14	100	1,362	367
2024-01-22	$5.63	$5.00	41.9%	12.0%	37.9%	7.9%	49.6%	2.5%	22.7%	1.8K	-108.6K	-729	0.98	84.48	44	43	698	299
2024-01-23	$5.61	$5.00	45.7%	13.1%	37.7%	10.0%	51.0%	-5.0%	9.3%	1.5K	-105.6K	-766	4.64	37.96	33	153	736	342
2024-01-24	$5.59	$5.00	43.7%	12.5%	36.9%	8.9%	29.1%	11.9%	-23.3%	117	-91.0K	-935	7.00	80.81	3	21	771	495
2024-01-25	$5.56	$5.00	31.8%	9.1%	35.8%	2.6%	128.0%	14.1%	17.6%	-32	-97.3K	-894	0.75	48.78	8	6	774	511
2024-01-26	$5.79	$5.00	45.2%	12.9%	38.7%	9.7%	0.0%	2.0%	-17.2%	739	-126.2K	-915	2.00	91.90	3	6	773	511
2024-01-29	$5.86	$5.00	61.6%	17.7%	37.5%	18.5%	0.0%	3.5%	-29.3%	783	-128.1K	-944	0.00	71.84	10	0	776	512
2024-01-30	$5.88	$5.00	71.8%	20.6%	37.5%	23.9%	0.0%	9.2%	-58.5%	838	-135.7K	-957	0.00	98.22	5	0	786	512
2024-01-31	$5.87	$5.00	74.3%	21.3%	32.9%	25.3%	72.7%	4.8%	-69.4%	853	-132.5K	-932	0.00	89.44	11	0	791	512