KNOP Options History — November 2025

In November 2025, KNOP traded between $9.72 and $10.19. ATM implied volatility averaged 29.6%, placing in the 9.5% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded below realized volatility by 10.7% (HV 20d: 40.2%). Max pain ranged from $10.00 to $10.00. Net GEX was positive for 6 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 2.65.

Notable Days

2025-11-04: Highest Volume — 2,305 contracts
2025-11-20: Largest IV spike — 68.0% change
2025-11-12: Highest IV Rank — 26.8%
2025-11-06: Largest Expected Move — 14.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$9.88	$9.72	$10.19	$9.86	$9.91
Max Pain	$10.00	$10.00	$10.00	$10.00	$10.00
ATM IV	29.6%	16.6%	50.0%	26.9%	25.9%
Expected Move	9.6%	4.8%	14.4%	7.7%	7.4%
HV 20d	40.2%	36.2%	50.4%	50.4%	37.2%
HV 60d	44.2%	40.8%	46.3%	46.3%	40.8%
IV Rank	9.5%	0.0%	26.8%	5.3%	7.8%
IV Percentile	19.4%	0.0%	73.0%	5.2%	6.0%
Term Structure	-3.2%	-17.3%	26.8%	17.6%	-6.8%
VWIV	27.9%	16.4%	40.1%	26.4%	32.1%
Skew 25d	18.3%	-29.9%	201.1%	-7.5%	-10.6%
Skew 10d	24.4%	-27.5%	232.8%	-8.7%	-10.9%
Call IV 25d	46.2%	30.3%	99.2%	40.5%	40.8%
Put IV 25d	64.5%	28.8%	245.3%	33.0%	30.1%
Bid-Ask Spread %	110.19	80.18	124.05	101.99	80.18
Gamma HHI	0.70	0.34	0.91	0.70	0.58
Net GEX	-50.6K	-231.7K	25.8K	17.1K	24.3K
Net DEX	-1.3M	-2.0M	-532.7K	-620.8K	-1.9M
Net VEX	-2.6K	-4.4K	-1.5K	-1.5K	-1.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.65	0.00	25.00	0.54	0.00
Total Volume	199.842	0	2,305	568	1
Total OI	3,743.632	1,478	4,411	1,478	3,282

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
2025-11-03	$9.86	$10.00	26.9%	7.7%	50.4%	5.3%	26.4%	-7.5%	17.6%	17.1K	-620.8K	-1.5K	0.54	101.99	369	199	1,062	416
2025-11-04	$9.79	$10.00	20.0%	5.7%	45.6%	0.0%	23.2%	201.1%	26.8%	13.4K	-532.7K	-2.0K	0.80	117.20	1,282	1,023	1,280	604
2025-11-05	$9.81	$10.00	26.0%	7.5%	44.8%	5.2%	33.6%	-2.7%	5.5%	-35.1K	-1.1M	-4.4K	1.72	109.21	29	50	2,558	1,627
2025-11-06	$9.91	$10.00	18.5%	14.4%	44.0%	0.0%	0.0%	18.2%	-17.3%	-82.5K	-1.2M	-3.9K	0.00	118.64	0	0	2,575	1,634
2025-11-07	$9.83	$10.00	23.8%	8.3%	42.8%	4.5%	0.0%	14.1%	-0.7%	-59.4K	-1.1M	-3.8K	0.00	122.43	0	0	2,575	1,634
2025-11-10	$9.88	$10.00	25.2%	13.3%	42.1%	5.7%	0.0%	21.2%	-9.3%	-71.3K	-1.2M	-2.5K	0.38	121.40	8	3	2,575	1,634
2025-11-11	$9.87	$10.00	34.1%	14.1%	38.1%	13.3%	0.0%	21.2%	-10.0%	-52.4K	-1.2M	-2.6K	2.00	124.05	1	2	2,570	1,637
2025-11-12	$9.82	$10.00	50.0%	14.3%	38.1%	26.8%	0.0%	21.7%	-11.7%	-50.4K	-1.2M	-2.6K	0.00	117.94	0	0	2,570	1,639
2025-11-13	$9.72	$10.00	34.3%	9.8%	38.5%	13.5%	0.0%	9.7%	-9.3%	-46.6K	-1.1M	-2.3K	0.00	115.14	5	0	2,570	1,638
2025-11-14	$9.79	$10.00	38.3%	11.0%	38.1%	16.8%	0.0%	8.9%	-12.7%	-48.9K	-1.1M	-2.6K	0.00	120.31	10	0	2,574	1,638
2025-11-17	$9.82	$10.00	36.6%	10.5%	37.5%	15.4%	0.0%	-15.6%	-9.4%	-69.9K	-1.0M	-2.9K	0.73	106.31	15	11	2,564	1,638
2025-11-18	$9.78	$10.00	39.7%	11.4%	36.2%	18.0%	0.0%	-20.3%	-16.0%	-59.4K	-1.1M	-2.5K	0.00	109.70	103	0	2,569	1,639
2025-11-19	$10.19	$10.00	21.3%	6.1%	37.4%	2.4%	16.4%	-1.5%	6.0%	-103.6K	-2.0M	-2.1K	0.21	121.55	136	29	2,668	1,639
2025-11-20	$9.88	$10.00	35.8%	10.3%	39.5%	14.7%	40.1%	-9.3%	-13.4%	-174.3K	-893.7K	-2.6K	25.00	119.63	7	175	2,571	1,667
2025-11-21	$9.95	$10.00	33.0%	9.4%	39.5%	12.3%	32.4%	139.9%	-6.1%	-231.7K	-1.1M	-2.6K	1.39	99.52	18	25	2,569	1,842
2025-11-24	$10.05	$10.00	16.6%	4.8%	38.5%	0.0%	17.2%	-29.9%	7.5%	17.5K	-1.8M	-2.6K	0.05	123.52	237	11	2,428	573
2025-11-25	$9.96	$10.00	26.8%	7.7%	38.4%	8.6%	0.0%	-5.3%	0.5%	25.8K	-1.9M	-2.1K	0.00	82.14	0	0	2,651	584
2025-11-26	$9.92	$10.00	29.3%	8.4%	37.7%	10.6%	29.3%	-5.2%	-1.4%	25.7K	-1.9M	-2.3K	7.00	82.65	6	42	2,651	584
2025-11-28	$9.91	$10.00	25.9%	7.4%	37.2%	7.8%	32.1%	-10.6%	-6.8%	24.3K	-1.9M	-1.8K	0.00	80.18	1	0	2,654	628