KNOP Options History — January 2026

In January 2026, KNOP traded between $10.20 and $10.95. ATM implied volatility averaged 34.5%, placing in the 16.5% IV rank vs the trailing year. The 30-day expected move averaged 11.9%. IV traded above realized volatility by 7.7% (HV 20d: 26.8%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.48.

Notable Days

2026-01-23: Highest Volume — 124 contracts
2026-01-13: Largest IV spike — 95.7% change
2026-01-13: Highest IV Rank — 32.9%
2026-01-07: Largest Expected Move — 16.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$10.54	$10.20	$10.95	$10.27	$10.60
Max Pain	$9.88	$7.50	$10.00	$7.50	$10.00
ATM IV	34.5%	16.8%	54.4%	18.9%	35.9%
Expected Move	11.9%	5.4%	16.4%	5.4%	10.3%
HV 20d	26.8%	21.2%	34.5%	30.9%	34.5%
HV 60d	32.2%	28.9%	34.0%	34.0%	28.9%
IV Rank	16.5%	2.0%	32.9%	3.6%	17.6%
IV Percentile	41.4%	1.2%	83.3%	4.0%	48.4%
Term Structure	-3.7%	-60.2%	53.4%	50.3%	9.1%
VWIV	37.4%	20.8%	76.9%	20.8%	46.4%
Skew 25d	15.2%	-10.9%	48.0%	-10.9%	15.0%
Skew 10d	30.1%	-13.7%	90.0%	90.0%	18.1%
Call IV 25d	33.6%	21.3%	49.8%	29.9%	26.8%
Put IV 25d	48.8%	19.0%	79.8%	19.0%	41.8%
Bid-Ask Spread %	125.31	53.98	144.87	53.98	111.96
Gamma HHI	0.67	0.44	0.89	0.74	0.66
Net GEX	20.1K	8.2K	52.9K	44.2K	10.2K
Net DEX	-2.2M	-2.7M	-1.7M	-2.2M	-1.8M
Net VEX	-1.5K	-2.0K	-1.1K	-1.6K	-1.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.48	0.00	3.30	0.00	0.00
Total Volume	29.7	0	124	24	0
Total OI	3,192.9	2,570	3,733	3,583	2,704

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
2026-01-02	$10.27	$7.50	18.9%	5.4%	30.9%	3.6%	20.8%	-10.9%	50.3%	44.2K	-2.2M	-1.6K	0.00	53.98	24	0	2,949	634
2026-01-05	$10.38	$10.00	17.9%	13.2%	31.1%	2.9%	21.9%	19.4%	-49.1%	33.3K	-2.4M	-1.3K	0.63	144.87	35	22	2,968	634
2026-01-06	$10.36	$10.00	16.8%	10.9%	21.2%	2.0%	43.4%	6.2%	-22.5%	34.2K	-2.4M	-1.2K	1.43	131.83	7	10	2,986	635
2026-01-07	$10.20	$10.00	22.7%	16.4%	21.4%	6.8%	0.0%	4.9%	-60.2%	52.9K	-2.2M	-1.4K	1.67	138.60	3	5	2,987	632
2026-01-08	$10.48	$10.00	26.1%	14.8%	22.4%	9.6%	0.0%	15.0%	-46.3%	28.4K	-2.4M	-1.2K	0.00	138.35	30	0	2,986	632
2026-01-09	$10.46	$10.00	28.4%	15.5%	21.9%	11.5%	0.0%	8.3%	-51.2%	32.4K	-2.4M	-1.3K	0.00	139.06	12	0	2,989	632
2026-01-12	$10.52	$10.00	27.8%	11.1%	21.9%	11.0%	0.0%	13.6%	-18.6%	13.6K	-2.5M	-1.1K	0.00	137.86	3	0	2,999	632
2026-01-13	$10.93	$10.00	54.4%	14.4%	25.9%	32.9%	29.5%	33.7%	-1.6%	16.2K	-2.7M	-1.5K	0.00	137.72	90	0	3,001	632
2026-01-14	$10.73	$10.00	37.4%	10.7%	26.7%	18.9%	33.6%	6.6%	-9.1%	19.7K	-2.7M	-1.4K	0.00	139.53	4	0	3,073	635
2026-01-15	$10.54	$10.00	43.2%	12.4%	25.4%	23.7%	0.0%	19.5%	28.6%	24.6K	-2.5M	-1.5K	0.00	131.19	26	0	3,078	635
2026-01-16	$10.45	$10.00	47.0%	13.5%	25.5%	26.8%	76.9%	48.0%	53.4%	8.2K	-2.5M	-1.4K	3.30	132.69	20	66	3,098	635
2026-01-20	$10.50	$10.00	28.0%	8.0%	24.6%	11.1%	38.6%	-10.0%	26.6%	8.6K	-1.7M	-1.4K	0.02	119.51	59	1	2,245	327
2026-01-21	$10.74	$10.00	37.0%	10.6%	23.9%	18.5%	0.0%	6.1%	22.1%	9.3K	-1.8M	-1.5K	0.00	134.19	20	0	2,243	327
2026-01-22	$10.51	$10.00	47.1%	13.5%	24.8%	26.8%	0.0%	27.3%	-10.3%	9.5K	-1.7M	-1.5K	0.00	121.34	1	0	2,257	327
2026-01-23	$10.61	$10.00	25.1%	7.2%	24.9%	8.8%	31.2%	2.9%	8.4%	9.2K	-1.8M	-1.2K	0.01	118.98	123	1	2,257	327
2026-01-26	$10.37	$10.00	34.5%	9.9%	26.2%	16.5%	32.0%	17.8%	7.8%	11.4K	-1.7M	-1.8K	2.00	119.36	1	2	2,351	328
2026-01-27	$10.95	$10.00	44.0%	12.6%	32.8%	24.3%	0.0%	38.0%	-0.6%	13.6K	-2.0M	-2.0K	0.15	125.33	20	3	2,350	329
2026-01-28	$10.60	$10.00	48.3%	13.8%	34.5%	27.8%	46.4%	20.5%	-5.6%	12.6K	-1.9M	-1.8K	0.00	116.18	2	0	2,370	332
2026-01-29	$10.63	$10.00	49.1%	14.1%	34.5%	28.5%	0.0%	22.2%	-5.9%	10.0K	-1.8M	-1.7K	0.00	113.76	4	0	2,370	332
2026-01-30	$10.60	$10.00	35.9%	10.3%	34.5%	17.6%	0.0%	15.0%	9.1%	10.2K	-1.8M	-1.7K	0.00	111.96	0	0	2,372	332