KNOP Options History — January 2025

In January 2025, KNOP traded between $5.54 and $6.27. ATM implied volatility averaged 60.1%, placing in the 32.7% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded above realized volatility by 17.2% (HV 20d: 42.9%). 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 11 of 20 days. Put/call ratio averaged 2.04.

Notable Days

2025-01-08: Highest Volume — 434 contracts
2025-01-08: Largest IV spike — 77.6% change
2025-01-08: Highest IV Rank — 99.0%
2025-01-03: Largest Expected Move — 24.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.90	$5.54	$6.27	$5.90	$5.54
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	60.1%	33.9%	127.5%	49.0%	35.7%
Expected Move	12.4%	9.7%	24.0%	14.0%	10.2%
HV 20d	42.9%	35.4%	46.5%	35.4%	46.5%
HV 60d	31.8%	27.8%	32.7%	27.8%	32.6%
IV Rank	32.7%	6.8%	99.0%	21.7%	8.6%
IV Percentile	58.8%	15.1%	99.6%	68.7%	20.2%
Term Structure	12.8%	-19.1%	262.5%	-19.1%	-3.4%
VWIV	66.3%	43.7%	129.2%	78.3%	52.2%
Skew 25d	7.7%	-23.6%	68.7%	24.7%	2.6%
Skew 10d	7.9%	-26.9%	70.2%	9.2%	-7.1%
Call IV 25d	43.4%	29.1%	77.5%	46.1%	42.2%
Put IV 25d	51.1%	36.2%	110.1%	70.8%	44.8%
Bid-Ask Spread %	105.21	67.48	149.03	89.31	70.97
Gamma HHI	0.59	0.51	0.70	0.51	0.70
Net GEX	4.0K	2.0K	5.5K	2.0K	5.5K
Net DEX	-320.8K	-444.6K	-186.3K	-186.3K	-277.9K
Net VEX	-650	-795	-497	-554	-724
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.04	0.00	15.00	1.00	0.00
Total Volume	49.85	0	434	2	0
Total OI	1,354.3	803	1,843	1,325	1,056

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
2025-01-02	$5.90	$5.00	49.0%	14.0%	35.4%	21.7%	0.0%	24.7%	-19.1%	2.0K	-186.3K	-554	1.00	89.31	1	1	1,108	217
2025-01-03	$6.24	$5.00	83.8%	24.0%	40.4%	56.0%	78.3%	68.7%	-17.8%	3.2K	-229.2K	-588	0.80	94.28	25	20	1,108	218
2025-01-06	$6.14	$5.00	64.4%	11.2%	40.9%	36.8%	43.7%	28.0%	6.2%	2.4K	-226.0K	-558	0.00	119.48	117	0	1,130	233
2025-01-07	$6.22	$5.00	71.8%	10.6%	40.6%	44.1%	0.0%	6.3%	8.2%	3.0K	-291.1K	-598	15.00	116.66	1	15	1,218	233
2025-01-08	$6.27	$5.00	127.5%	10.6%	40.5%	99.0%	44.4%	7.1%	12.9%	3.3K	-304.9K	-497	0.07	115.64	404	30	1,219	248
2025-01-10	$5.94	$5.00	101.9%	12.6%	45.6%	73.8%	0.0%	7.2%	-9.0%	5.2K	-405.6K	-704	13.33	149.03	3	40	1,521	278
2025-01-13	$5.98	$5.00	93.1%	10.8%	44.4%	65.2%	0.0%	-5.7%	3.8%	3.0K	-436.6K	-604	0.00	144.75	0	0	1,524	318
2025-01-14	$5.97	$5.00	108.7%	9.8%	44.2%	80.4%	0.0%	4.2%	8.8%	2.9K	-443.5K	-539	0.00	97.66	0	0	1,524	319
2025-01-15	$6.05	$5.00	41.8%	12.0%	43.9%	14.6%	0.0%	7.5%	4.2%	3.1K	-444.6K	-557	0.00	106.25	10	0	1,524	319
2025-01-16	$5.97	$5.00	42.0%	12.0%	43.0%	14.8%	0.0%	-12.7%	262.5%	3.1K	-430.6K	-595	1.25	145.61	4	5	1,514	319
2025-01-17	$5.93	$5.00	64.3%	18.4%	42.9%	36.8%	0.0%	6.9%	10.0%	2.9K	-411.8K	-689	0.83	112.22	6	5	1,510	324
2025-01-21	$6.00	$5.00	41.6%	11.9%	42.3%	14.4%	49.9%	14.8%	-7.5%	3.1K	-248.2K	-521	0.00	102.86	235	0	643	160
2025-01-22	$5.87	$5.00	39.0%	11.2%	42.4%	11.8%	0.0%	14.4%	-5.1%	4.7K	-328.2K	-740	0.02	89.62	45	1	871	160
2025-01-23	$5.85	$5.00	45.4%	13.0%	42.5%	18.1%	0.0%	8.6%	-11.0%	5.0K	-315.5K	-791	0.00	99.09	2	0	878	161
2025-01-24	$5.78	$5.00	37.7%	10.8%	42.5%	10.6%	0.0%	9.2%	0.5%	5.5K	-307.4K	-730	0.00	109.42	3	0	879	161
2025-01-27	$5.55	$5.00	43.0%	12.3%	45.1%	15.8%	129.2%	-23.6%	-6.9%	5.4K	-269.3K	-795	2.00	120.77	1	2	883	161
2025-01-28	$5.58	$5.00	38.4%	11.0%	45.1%	11.2%	0.0%	-18.4%	9.7%	5.4K	-276.0K	-760	0.00	69.81	1	0	883	162
2025-01-29	$5.54	$5.00	33.9%	9.7%	45.1%	6.8%	52.2%	3.5%	13.1%	5.4K	-282.9K	-751	0.42	83.30	12	5	884	162
2025-01-30	$5.67	$5.00	39.6%	11.4%	45.8%	12.5%	0.0%	0.9%	-3.5%	5.2K	-299.8K	-707	0.00	67.48	3	0	889	167
2025-01-31	$5.54	$5.00	35.7%	10.2%	46.5%	8.6%	0.0%	2.6%	-3.4%	5.5K	-277.9K	-724	0.00	70.97	0	0	889	167