KWEB Options History — February 2015

In February 2015, KWEB traded between $32.41 and $33.90. ATM implied volatility averaged 22.8%. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 5.1% (HV 20d: 17.7%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 1.36.

Notable Days

  • 2015-02-06: Highest Volume — 298 contracts
  • 2015-02-27: Largest IV spike — 105.5% change
  • 2015-02-27: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.32$32.41$33.90$33.09$32.41
Max Pain$31.79$30.00$35.00$33.00$35.00
ATM IV22.8%16.6%38.1%26.8%38.1%
Expected Move6.6%4.8%10.9%7.7%10.9%
HV 20d17.7%14.8%20.6%19.5%15.8%
HV 60d22.0%20.0%23.2%22.9%20.0%
Term Structure-2.7%-48.8%1.1%0.2%-48.8%
VWIV29.2%13.9%53.9%27.7%53.9%
Skew 25d-4.0%-16.1%3.8%-0.9%-16.1%
Skew 10d-0.5%-44.2%54.7%-8.2%54.7%
Call IV 25d25.7%19.9%33.9%27.3%32.4%
Put IV 25d21.7%14.1%28.9%26.3%16.3%
Bid-Ask Spread %105.4285.59121.9190.87121.91
Gamma HHI0.210.160.310.260.22
Net GEX5.5K-5.4K13.5K-4.4K5.2K
Net DEX-166.5K-287.9K-52.7K-52.7K-134.8K
Net VEX-1.1K-1.5K-822-1.5K-891
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.360.0016.000.170.59
Total Volume196.47412987184
Total OI310.737217379370219

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-02-02$33.09$33.0026.8%7.7%19.5%0.0%27.7%-0.9%0.2%-4.4K-52.7K-1.5K0.1790.8761202168
2015-02-03$33.74$33.0026.4%7.6%20.6%0.0%25.7%0.9%0.4%-1.6K-145.4K-1.5K0.4898.4916178208169
2015-02-04$33.90$33.0028.1%8.1%20.6%0.0%28.4%-0.0%-0.0%-531-182.9K-1.5K0.4891.8516178210169
2015-02-05$33.79$30.0026.1%7.7%20.4%0.0%21.3%0.2%-0.4%-1.7K-160.2K-1.5K0.4885.5916178210169
2015-02-06$33.43$30.0024.7%7.3%20.0%0.0%20.7%0.6%0.4%-5.4K-107.1K-1.4K0.8592.91161137210169
2015-02-09$33.01$30.0025.7%7.6%20.4%0.0%19.4%1.6%-0.6%8.6K-135.9K-1.2K0.8586.89161137210109
2015-02-10$33.22$30.0021.4%6.4%18.5%0.0%38.7%1.7%0.4%10.2K-158.2K-1.1K0.49104.0116179210109
2015-02-11$33.15$30.0021.9%6.3%18.4%0.0%41.5%3.8%0.3%9.2K-150.5K-1.1K0.49109.4916179210111
2015-02-12$32.97$30.0021.0%6.0%18.4%0.0%41.0%-1.8%0.5%8.5K-116.7K-1.0K0.52107.6716183206110
2015-02-13$33.36$30.0020.6%5.9%17.5%0.0%33.3%0.6%0.8%11.7K-161.5K-9710.52108.3416183206116
2015-02-17$33.73$30.0019.9%5.7%17.5%0.0%20.0%-0.2%0.4%13.5K-204.4K-8830.52105.8416183206116
2015-02-18$33.73$30.0020.4%5.8%16.8%0.0%34.3%-3.8%-0.1%12.2K-219.5K-9090.46105.3417983206116
2015-02-19$33.53$30.0019.1%5.5%15.3%0.0%0.0%-2.8%1.1%11.4K-247.5K-8770.00114.1210226116
2015-02-20$33.58$30.0018.9%5.4%15.2%0.0%18.4%-8.5%0.3%7.8K-287.9K-82216.00117.17232225116
2015-02-23$33.40$35.0019.6%5.6%15.2%0.0%19.0%-15.0%-1.0%4.1K-184.7K-9040.74111.531047713879
2015-02-24$33.31$35.0016.6%4.8%14.8%0.0%13.9%-10.0%-1.2%4.3K-186.6K-9430.74114.341047714179
2015-02-25$32.82$35.0018.4%5.3%15.5%0.0%37.1%-15.4%-2.1%5.5K-160.3K-8970.75116.531027714179
2015-02-26$32.99$35.0018.6%5.3%15.2%0.0%31.9%-11.1%-2.5%5.4K-166.6K-8930.75120.171027714179
2015-02-27$32.41$35.0038.1%10.9%15.8%0.0%53.9%-16.1%-48.8%5.2K-134.8K-8910.59121.911166814079