KNOP Options History — March 2025

In March 2025, KNOP traded between $5.45 and $6.93. ATM implied volatility averaged 46.4%, placing in the 19.2% IV rank vs the trailing year. The 30-day expected move averaged 13.8%. IV traded above realized volatility by 11.0% (HV 20d: 35.5%). 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 6 of 21 days. Put/call ratio averaged 0.25.

Notable Days

2025-03-20: Highest Volume — 248 contracts
2025-03-28: Largest IV spike — 90.5% change
2025-03-10: Highest IV Rank — 48.8%
2025-03-12: Largest Expected Move — 22.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.93	$5.45	$6.93	$5.58	$6.93
Max Pain	$5.88	$5.00	$7.50	$5.00	$7.50
ATM IV	46.4%	28.0%	76.5%	40.3%	41.1%
Expected Move	13.8%	7.6%	22.3%	11.6%	9.2%
HV 20d	35.5%	26.4%	47.9%	30.5%	47.9%
HV 60d	36.9%	34.0%	42.4%	34.0%	42.4%
IV Rank	19.2%	1.0%	48.8%	13.1%	13.9%
IV Percentile	54.5%	0.8%	93.3%	37.3%	40.1%
Term Structure	-1.6%	-18.8%	19.8%	-2.0%	19.8%
VWIV	30.1%	22.3%	38.6%	29.5%	38.6%
Skew 25d	13.5%	-0.3%	46.1%	8.7%	44.7%
Skew 10d	64.9%	-1.5%	110.4%	85.5%	22.8%
Call IV 25d	41.1%	20.2%	53.8%	38.3%	20.2%
Put IV 25d	54.6%	37.2%	81.4%	47.0%	64.9%
Bid-Ask Spread %	94.50	59.35	117.83	65.67	94.57
Gamma HHI	0.79	0.64	0.98	0.72	0.92
Net GEX	4.4K	746	6.5K	5.0K	5.2K
Net DEX	-239.2K	-376.6K	-179.9K	-251.9K	-193.3K
Net VEX	-442	-587	-174	-558	-495
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.25	0.00	1.00	0.00	0.06
Total Volume	37.048	0	248	11	70
Total OI	910.286	700	994	983	762

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
2025-03-03	$5.58	$5.00	40.3%	11.6%	30.5%	13.1%	0.0%	8.7%	-2.0%	5.0K	-251.9K	-558	0.00	65.67	11	0	812	171
2025-03-04	$5.63	$5.00	49.9%	14.3%	30.4%	22.6%	0.0%	7.0%	-0.8%	5.0K	-250.9K	-587	0.00	59.35	9	0	818	171
2025-03-05	$5.55	$5.00	50.7%	14.5%	29.5%	23.4%	0.0%	5.4%	-3.2%	5.4K	-237.5K	-571	0.00	114.02	7	0	821	171
2025-03-06	$5.54	$5.00	49.3%	14.1%	29.3%	22.0%	0.0%	7.5%	-2.3%	5.1K	-241.8K	-585	1.00	82.95	5	5	822	171
2025-03-07	$5.76	$5.00	49.8%	14.3%	32.0%	22.5%	0.0%	7.1%	15.9%	5.6K	-279.8K	-503	0.00	60.24	0	1	817	176
2025-03-10	$5.66	$5.00	76.5%	21.9%	32.7%	48.8%	0.0%	11.5%	-7.9%	4.9K	-263.2K	-530	0.20	116.06	5	1	817	176
2025-03-11	$5.57	$5.00	44.4%	19.3%	29.0%	17.2%	0.0%	6.5%	9.5%	6.5K	-240.7K	-508	0.00	94.10	0	0	812	175
2025-03-12	$5.50	$5.00	54.8%	22.3%	29.2%	27.4%	0.0%	12.2%	-10.5%	5.3K	-225.1K	-551	0.00	87.23	0	0	812	175
2025-03-13	$5.45	$5.00	49.7%	20.3%	29.3%	22.4%	0.0%	4.9%	-5.0%	5.6K	-223.0K	-530	0.00	106.80	0	0	812	175
2025-03-14	$5.48	$5.00	44.2%	20.1%	29.3%	17.0%	0.0%	6.0%	3.4%	5.5K	-233.1K	-497	0.00	89.27	2	0	812	175
2025-03-17	$5.45	$5.00	48.8%	11.4%	26.4%	21.5%	0.0%	7.8%	-8.9%	5.4K	-226.0K	-501	0.00	104.22	0	0	812	175
2025-03-18	$5.55	$5.00	53.5%	10.8%	26.4%	26.1%	0.0%	12.3%	-18.8%	5.3K	-243.1K	-492	0.00	113.94	0	0	812	175
2025-03-19	$5.63	$5.00	61.1%	14.2%	26.7%	33.6%	0.0%	7.7%	-11.5%	5.1K	-251.9K	-494	0.00	100.65	8	0	812	175
2025-03-20	$6.25	$0.00	37.9%	9.8%	45.1%	10.8%	29.5%	19.1%	2.7%	746	-376.6K	-174	0.07	117.83	231	17	818	176
2025-03-21	$6.25	$7.50	38.6%	12.7%	44.1%	11.5%	0.0%	17.8%	17.6%	2.7K	-219.9K	-333	0.12	107.43	17	2	599	193
2025-03-24	$6.26	$7.50	38.7%	11.6%	43.8%	11.6%	0.0%	-0.3%	-11.2%	1.2K	-215.2K	-211	0.38	106.25	8	3	585	182
2025-03-25	$6.36	$7.50	34.6%	9.8%	43.7%	7.5%	0.0%	12.4%	-7.4%	1.9K	-225.6K	-213	0.20	91.19	5	1	588	184
2025-03-26	$6.71	$7.50	29.7%	9.1%	46.4%	2.7%	0.0%	9.6%	-5.7%	3.0K	-249.3K	-220	0.00	90.93	176	0	592	185
2025-03-27	$6.73	$7.50	28.0%	10.0%	46.4%	1.0%	0.0%	46.1%	-0.2%	3.2K	-194.8K	-444	1.00	95.53	1	1	515	185
2025-03-28	$6.62	$7.50	53.3%	7.6%	46.3%	25.9%	22.3%	29.1%	-7.2%	3.8K	-179.9K	-292	0.73	86.35	111	81	515	185
2025-03-31	$6.93	$7.50	41.1%	9.2%	47.9%	13.9%	38.6%	44.7%	19.8%	5.2K	-193.3K	-495	0.06	94.57	66	4	548	214