KNOP Options History — February 2025

In February 2025, KNOP traded between $5.37 and $5.78. ATM implied volatility averaged 40.3%, placing in the 13.1% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded above realized volatility by 8.8% (HV 20d: 31.5%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.33.

Notable Days

2025-02-13: Highest Volume — 100 contracts
2025-02-13: Largest IV spike — 70.4% change
2025-02-13: Highest IV Rank — 32.7%
2025-02-13: Largest Expected Move — 17.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.54	$5.37	$5.78	$5.49	$5.60
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	40.3%	29.7%	60.1%	49.3%	45.7%
Expected Move	10.8%	7.5%	17.2%	14.1%	13.1%
HV 20d	31.5%	29.5%	37.1%	37.1%	31.6%
HV 60d	33.1%	32.0%	34.2%	32.4%	34.2%
IV Rank	13.1%	2.7%	32.7%	22.0%	18.4%
IV Percentile	35.9%	2.8%	84.1%	69.4%	60.3%
Term Structure	-0.4%	-38.2%	17.5%	-2.7%	-2.2%
VWIV	35.1%	31.1%	39.0%	39.0%	31.1%
Skew 25d	-12.1%	-104.2%	29.5%	-0.0%	5.1%
Skew 10d	18.5%	-161.1%	131.7%	131.7%	78.4%
Call IV 25d	70.4%	31.4%	172.3%	49.4%	42.8%
Put IV 25d	58.3%	38.0%	95.8%	49.3%	48.0%
Bid-Ask Spread %	95.46	72.42	114.46	110.94	114.46
Gamma HHI	0.74	0.65	0.85	0.70	0.75
Net GEX	5.3K	4.9K	5.8K	5.5K	5.1K
Net DEX	-270.5K	-321.3K	-207.5K	-268.4K	-247.0K
Net VEX	-636	-732	-560	-732	-560
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.33	0.00	2.00	0.00	0.00
Total Volume	16.211	0	100	43	0
Total OI	1,037.053	960	1,110	1,057	977

Daily Data (19 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
2025-02-03	$5.49	$5.00	49.3%	14.1%	37.1%	22.0%	0.0%	-0.0%	-2.7%	5.5K	-268.4K	-732	0.00	110.94	43	0	890	167
2025-02-04	$5.63	$5.00	39.7%	11.4%	31.8%	12.6%	0.0%	3.9%	-13.8%	5.1K	-292.5K	-692	0.00	72.42	0	0	876	167
2025-02-05	$5.57	$5.00	32.2%	9.2%	31.6%	5.1%	0.0%	-104.2%	5.0%	5.0K	-279.5K	-683	0.00	91.77	1	0	876	167
2025-02-06	$5.50	$0.00	36.6%	11.4%	31.0%	9.5%	0.0%	-61.2%	-1.4%	5.5K	-270.2K	-698	0.00	98.88	0	1	877	167
2025-02-07	$5.48	$0.00	42.4%	7.5%	30.6%	15.2%	0.0%	-51.2%	17.5%	5.7K	-267.0K	-690	0.00	83.21	2	0	877	168
2025-02-10	$5.73	$0.00	53.2%	10.6%	30.4%	25.8%	39.0%	-54.3%	9.8%	4.9K	-305.1K	-658	0.00	96.86	5	0	879	168
2025-02-11	$5.75	$5.00	54.8%	10.6%	30.3%	27.4%	0.0%	-8.9%	5.8%	4.9K	-321.3K	-593	0.50	95.12	6	3	882	168
2025-02-12	$5.75	$5.00	35.3%	10.1%	30.3%	8.2%	0.0%	-16.0%	8.1%	4.9K	-320.2K	-591	0.00	95.31	0	0	882	168
2025-02-13	$5.78	$5.00	60.1%	17.2%	29.9%	32.7%	0.0%	29.5%	-38.2%	5.1K	-319.7K	-597	0.00	104.90	0	100	882	168
2025-02-14	$5.57	$5.00	39.4%	11.3%	32.1%	12.3%	0.0%	-80.6%	-3.6%	5.8K	-287.5K	-634	0.00	100.34	1	0	887	177
2025-02-18	$5.47	$5.00	38.8%	11.1%	32.5%	11.7%	0.0%	3.1%	-7.7%	5.4K	-281.5K	-604	1.11	82.99	9	10	888	177
2025-02-19	$5.44	$5.00	29.7%	8.5%	32.0%	2.7%	0.0%	24.9%	14.7%	5.8K	-259.4K	-655	0.00	108.31	21	0	897	187
2025-02-20	$5.53	$5.00	35.2%	10.1%	32.2%	8.1%	0.0%	13.3%	7.6%	5.0K	-300.1K	-621	0.00	98.54	0	2	918	187
2025-02-21	$5.42	$5.00	31.2%	8.9%	32.8%	4.1%	0.0%	11.7%	8.6%	5.3K	-278.1K	-631	0.00	87.80	0	86	923	187
2025-02-24	$5.37	$5.00	34.6%	9.9%	32.7%	7.5%	0.0%	8.2%	-2.3%	5.8K	-210.2K	-610	2.00	78.08	1	2	798	162
2025-02-25	$5.37	$5.00	32.2%	9.2%	29.6%	5.2%	0.0%	22.9%	-4.9%	5.5K	-207.5K	-615	0.00	105.56	0	9	799	164
2025-02-26	$5.37	$5.00	30.2%	8.7%	29.5%	3.2%	31.1%	11.9%	-0.0%	5.7K	-209.8K	-608	0.00	106.90	5	0	800	171
2025-02-27	$5.39	$5.00	44.9%	12.9%	29.5%	17.7%	0.0%	12.2%	-7.8%	5.2K	-214.4K	-610	0.00	81.37	1	0	805	171
2025-02-28	$5.60	$5.00	45.7%	13.1%	31.6%	18.4%	0.0%	5.1%	-2.2%	5.1K	-247.0K	-560	0.00	114.46	0	0	806	171