KWEB Options History — January 2015

In January 2015, KWEB traded between $32.32 and $34.42. ATM implied volatility averaged 33.3%. The 30-day expected move averaged 8.0%. IV traded above realized volatility by 11.5% (HV 20d: 21.8%). Max pain ranged from $33.00 to $33.00. Net GEX was positive for 15 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.48.

Notable Days

  • 2015-01-22: Highest Volume — 300 contracts
  • 2015-01-12: Largest IV spike — 204.5% change
  • 2015-01-20: Largest Expected Move — 8.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.54$32.32$34.42$33.22$32.91
Max Pain$33.00$33.00$33.00$33.00$33.00
ATM IV33.3%25.2%87.7%29.7%26.5%
Expected Move8.0%7.3%8.5%8.2%7.6%
HV 20d21.8%19.3%25.2%25.2%20.5%
HV 60d23.3%23.1%23.6%23.6%23.1%
Term Structure-0.1%-1.4%0.9%-1.4%0.5%
VWIV28.3%26.1%32.4%28.5%27.0%
Skew 25d0.8%-0.3%3.9%3.9%1.0%
Skew 10d9.8%-15.8%78.6%13.9%0.2%
Call IV 25d28.2%26.0%30.7%30.3%27.3%
Put IV 25d29.1%26.3%34.2%34.2%28.4%
Bid-Ask Spread %71.3249.78102.4853.82102.48
Gamma HHI0.240.190.280.250.27
Net GEX3.7K-4.6K9.5K4.2K-4.6K
Net DEX-140.9K-236.6K-22.1K-93.0K-22.1K
Net VEX-1.4K-1.6K-1.1K-1.2K-1.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.480.000.800.800.47
Total Volume147.40300189245
Total OI272.65198346198346

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-01-02$33.22$33.0029.7%8.2%25.2%0.0%28.5%3.9%-1.4%4.2K-93.0K-1.2K0.8053.821058411484
2015-01-05$33.34$33.0030.8%8.4%25.1%0.0%0.0%-0.3%-0.5%4.3K-98.4K-1.1K0.0054.050011484
2015-01-06$33.51$33.0030.9%8.5%25.2%0.0%29.7%0.4%-0.5%4.5K-107.5K-1.2K0.0064.0222011484
2015-01-07$33.84$33.0029.5%8.5%22.0%0.0%0.0%1.8%-0.2%5.7K-172.9K-1.3K0.0049.780013484
2015-01-08$34.32$33.0026.8%7.8%22.2%0.0%27.4%0.1%0.3%6.6K-201.5K-1.3K0.6771.591409413484
2015-01-09$34.14$33.0025.2%7.8%20.4%0.0%27.4%0.3%0.7%7.4K-198.2K-1.4K0.6376.401499415799
2015-01-12$33.28$33.0076.8%8.1%22.4%0.0%28.3%0.8%-0.6%7.1K-150.2K-1.5K0.6358.171499416699
2015-01-13$33.09$33.0087.7%7.8%22.5%0.0%27.6%0.1%0.8%6.3K-127.3K-1.4K0.6464.291489415899
2015-01-14$32.90$33.0028.0%8.0%22.3%0.0%27.8%0.8%0.1%6.1K-111.0K-1.4K0.6463.741489415999
2015-01-15$32.32$33.0028.4%8.1%22.1%0.0%28.8%1.0%-0.6%4.6K-70.3K-1.3K0.6164.481489015999
2015-01-16$32.68$33.0028.4%8.2%22.4%0.0%0.0%0.6%-0.9%4.8K-96.3K-1.4K0.0065.7000160100
2015-01-20$33.17$33.0029.8%8.5%20.3%0.0%31.8%0.8%-0.2%5.3K-118.0K-1.3K0.0074.1424015098
2015-01-21$33.84$33.0028.6%8.2%21.2%0.0%0.0%0.7%-0.1%8.1K-193.0K-1.4K0.0081.3610017498
2015-01-22$34.02$33.0027.8%8.0%21.1%0.0%32.4%1.9%0.9%9.5K-236.6K-1.4K0.7482.8617212818498
2015-01-23$34.17$33.0026.5%7.6%20.7%0.0%26.7%-0.3%-0.4%-116-187.1K-1.6K0.4076.8217269183158
2015-01-26$34.42$33.0026.2%7.5%20.8%0.0%0.0%1.1%-0.4%479-210.4K-1.5K0.0074.4904183159
2015-01-27$34.30$33.0025.9%7.4%20.4%0.0%0.0%0.9%0.2%-92-196.5K-1.5K0.0079.0400183163
2015-01-28$33.86$33.0025.6%7.3%19.3%0.0%26.1%0.0%0.6%-2.3K-146.2K-1.5K0.4281.5117273183163
2015-01-29$33.43$33.0026.5%7.6%19.8%0.0%26.9%1.3%0.0%-3.9K-82.2K-1.5K0.4887.6615373183163
2015-01-30$32.91$33.0026.5%7.6%20.5%0.0%27.0%1.0%0.5%-4.6K-22.1K-1.5K0.47102.4816778183163