KNOP Options History — May 2025

In May 2025, KNOP traded between $6.28 and $6.82. ATM implied volatility averaged 48.8%, placing in the 22.6% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded above realized volatility by 14.6% (HV 20d: 34.2%). 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 17 of 21 days. Put/call ratio averaged 0.07.

Notable Days

2025-05-19: Highest Volume — 226 contracts
2025-05-13: Largest IV spike — 92.3% change
2025-05-13: Highest IV Rank — 77.3%
2025-05-30: Largest Expected Move — 19.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$6.52	$6.28	$6.82	$6.49	$6.38
Max Pain	$6.43	$5.00	$7.50	$5.00	$5.00
ATM IV	48.8%	24.5%	105.5%	53.2%	66.3%
Expected Move	10.8%	7.0%	19.0%	15.3%	19.0%
HV 20d	34.2%	25.7%	57.5%	57.5%	31.6%
HV 60d	50.6%	50.0%	51.6%	50.6%	51.0%
IV Rank	22.6%	0.0%	77.3%	25.8%	40.2%
IV Percentile	51.5%	0.0%	98.0%	75.8%	87.3%
Term Structure	6.7%	-4.6%	23.3%	0.0%	-1.6%
VWIV	41.4%	28.0%	53.2%	28.0%	44.8%
Skew 25d	35.4%	-8.8%	96.6%	94.6%	38.4%
Skew 10d	39.5%	-12.0%	106.7%	100.1%	23.9%
Call IV 25d	32.7%	25.2%	45.7%	35.3%	30.5%
Put IV 25d	68.0%	35.4%	132.3%	129.9%	68.9%
Bid-Ask Spread %	84.19	56.97	106.99	89.85	75.59
Gamma HHI	0.68	0.58	0.77	0.75	0.73
Net GEX	3.7K	2.6K	7.5K	2.8K	5.3K
Net DEX	-127.1K	-179.4K	-100.4K	-118.7K	-158.2K
Net VEX	-587	-669	-534	-606	-658
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.07	0.00	0.64	0.00	0.08
Total Volume	24.381	0	226	1	28
Total OI	789.048	654	947	681	947

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
2025-05-01	$6.49	$5.00	53.2%	15.3%	57.5%	25.8%	0.0%	94.6%	0.0%	2.8K	-118.7K	-606	0.00	89.85	1	0	534	147
2025-05-02	$6.51	$5.00	50.3%	14.4%	54.8%	22.9%	0.0%	96.6%	-0.6%	3.0K	-116.4K	-553	0.00	88.61	8	0	535	147
2025-05-05	$6.50	$7.50	60.9%	10.9%	44.1%	33.4%	0.0%	-8.8%	17.3%	3.0K	-123.8K	-599	0.00	97.29	1	0	543	147
2025-05-06	$6.43	$7.50	50.2%	8.1%	39.4%	22.9%	0.0%	12.2%	21.7%	2.6K	-112.6K	-580	0.00	84.89	0	60	543	147
2025-05-07	$6.65	$7.50	72.0%	10.5%	40.9%	44.4%	0.0%	20.8%	13.1%	3.0K	-114.2K	-578	0.00	103.71	1	0	543	187
2025-05-08	$6.60	$7.50	58.5%	9.5%	37.1%	31.0%	0.0%	-3.5%	3.6%	2.9K	-100.4K	-598	0.00	75.63	18	0	544	187
2025-05-09	$6.71	$7.50	58.6%	7.7%	27.5%	31.2%	0.0%	12.6%	23.3%	3.1K	-122.6K	-567	0.00	87.54	12	0	562	187
2025-05-12	$6.54	$7.50	54.9%	10.4%	27.2%	27.5%	0.0%	51.9%	4.9%	2.8K	-131.1K	-669	0.00	99.39	25	0	574	169
2025-05-13	$6.71	$7.50	105.5%	8.5%	28.4%	77.3%	0.0%	46.3%	13.2%	2.7K	-132.4K	-550	0.00	98.70	20	0	572	169
2025-05-14	$6.67	$7.50	33.7%	9.7%	28.5%	6.6%	0.0%	54.1%	13.1%	3.0K	-120.3K	-534	0.00	83.00	0	0	572	169
2025-05-15	$6.67	$7.50	24.5%	7.0%	27.0%	0.0%	0.0%	55.1%	5.0%	2.9K	-121.8K	-562	0.00	106.99	0	0	572	167
2025-05-16	$6.52	$7.50	29.8%	8.5%	26.6%	5.1%	28.0%	49.0%	11.3%	2.6K	-108.2K	-547	0.00	86.52	17	0	572	167
2025-05-19	$6.61	$7.50	41.3%	11.8%	25.7%	16.1%	31.4%	11.8%	11.8%	2.7K	-131.1K	-590	0.00	90.60	226	0	517	137
2025-05-20	$6.82	$7.50	36.3%	10.4%	27.5%	11.3%	32.0%	48.2%	-2.5%	7.5K	-179.4K	-615	0.33	56.97	3	1	733	137
2025-05-21	$6.52	$5.00	34.7%	10.0%	32.4%	9.8%	48.9%	24.2%	1.0%	5.8K	-136.7K	-582	0.64	72.34	14	9	736	138
2025-05-22	$6.45	$5.00	36.0%	10.3%	32.6%	11.1%	53.2%	65.8%	0.7%	5.4K	-136.0K	-625	0.00	87.58	4	0	748	140
2025-05-23	$6.30	$5.00	35.9%	10.3%	32.9%	11.0%	51.4%	12.0%	6.5%	4.2K	-114.2K	-574	0.00	72.08	11	0	751	140
2025-05-27	$6.28	$5.00	35.9%	10.3%	32.3%	11.0%	44.8%	17.9%	-4.6%	3.7K	-110.8K	-534	0.08	68.58	48	4	758	140
2025-05-28	$6.32	$5.00	42.2%	12.1%	32.4%	17.0%	0.0%	21.1%	2.2%	4.6K	-144.9K	-590	0.00	72.11	0	0	803	143
2025-05-29	$6.30	$5.00	45.0%	12.9%	32.3%	19.7%	0.0%	22.4%	1.9%	4.4K	-135.9K	-612	0.00	70.09	1	0	803	143
2025-05-30	$6.38	$5.00	66.3%	19.0%	31.6%	40.2%	0.0%	38.4%	-1.6%	5.3K	-158.2K	-658	0.08	75.59	26	2	804	143