KWEB Options History — April 2015

In April 2015, KWEB traded between $34.37 and $40.53. ATM implied volatility averaged 28.4%. The 30-day expected move averaged 8.2%. IV traded above realized volatility by 3.5% (HV 20d: 24.9%). Max pain ranged from $32.00 to $36.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.78.

Notable Days

  • 2015-04-13: Highest Volume — 314 contracts
  • 2015-04-08: Largest IV spike — 46.9% change
  • 2015-04-13: Largest Expected Move — 10.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.21$34.37$40.53$34.37$39.65
Max Pain$34.70$32.00$36.00$32.00$36.00
ATM IV28.4%18.9%35.7%21.0%26.2%
Expected Move8.2%6.0%10.2%6.0%7.5%
HV 20d24.9%15.4%29.0%16.4%29.0%
HV 60d20.7%17.2%22.1%17.2%21.3%
Term Structure-1.9%-6.9%1.8%0.6%1.4%
VWIV29.9%21.0%37.1%21.0%30.7%
Skew 25d-2.4%-24.0%2.5%-24.0%0.6%
Skew 10d-6.2%-67.4%6.7%-67.4%6.7%
Call IV 25d31.1%22.9%44.9%44.9%28.9%
Put IV 25d28.7%21.0%34.5%21.0%29.5%
Bid-Ask Spread %73.4158.18117.09117.0984.64
Gamma HHI0.220.160.390.310.16
Net GEX20.3K15.1K25.5K15.1K22.7K
Net DEX-711.3K-940.6K-371.3K-371.3K-852.9K
Net VEX-1.6K-2.1K-1.1K-1.1K-1.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.441.290.670.93
Total Volume247.905169314175253
Total OI414.905272502272497

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-04-01$34.37$0.0021.0%6.0%16.4%0.0%21.0%-24.0%0.6%15.1K-371.3K-1.1K0.67117.091057019577
2015-04-02$34.99$32.0020.3%6.2%16.1%0.0%21.3%-1.5%0.2%23.0K-467.5K-1.3K0.7167.43997023177
2015-04-06$35.27$32.0023.3%6.1%16.1%0.0%23.3%-2.0%1.8%23.8K-507.2K-1.2K0.7173.59997023777
2015-04-07$35.79$32.0018.9%6.6%15.4%0.0%22.9%-0.5%-1.2%25.5K-562.4K-1.1K0.6476.571117123777
2015-04-08$38.25$32.0027.8%8.0%25.8%0.0%26.9%-2.1%-3.0%18.5K-752.4K-1.2K0.4472.371325825379
2015-04-09$38.70$34.0031.7%9.1%25.3%0.0%30.4%-1.1%-5.1%17.6K-703.8K-1.5K0.7561.75170127284114
2015-04-10$38.26$36.0031.0%8.9%25.5%0.0%32.2%-2.7%-4.2%18.4K-659.6K-1.7K0.6764.49187126303125
2015-04-13$38.49$36.0035.7%10.2%25.0%0.0%36.4%-2.6%-6.9%20.0K-710.1K-1.9K0.6158.18195119323126
2015-04-14$38.38$34.0031.1%8.9%25.4%0.0%32.6%-3.6%-3.8%25.0K-755.6K-1.8K0.5973.03179105343115
2015-04-15$38.47$35.0029.2%8.4%25.5%0.0%30.3%-2.4%-2.5%25.3K-767.1K-1.7K0.6063.40176105350117
2015-04-16$38.70$35.0028.7%8.2%25.5%0.0%30.2%-1.6%-2.7%17.7K-733.8K-1.7K0.6064.20176105339117
2015-04-17$37.75$35.0030.1%8.6%28.1%0.0%31.2%-1.2%-3.5%18.2K-622.1K-1.8K0.7570.37163122339117
2015-04-20$37.74$35.0029.9%8.6%27.9%0.0%32.1%2.5%-2.0%18.1K-620.7K-1.7K0.9862.16123121309117
2015-04-21$38.55$35.0028.2%8.1%28.0%0.0%28.4%-0.6%-1.3%17.4K-716.9K-1.6K1.2976.8594121309117
2015-04-22$39.22$35.0028.6%8.2%28.3%0.0%29.7%-1.7%-0.4%17.3K-784.0K-1.5K1.1975.97103123309117
2015-04-23$39.53$36.0029.3%8.4%27.5%0.0%29.5%-1.5%-1.0%16.5K-808.7K-1.5K0.9375.03132123305119
2015-04-24$39.80$36.0031.3%9.0%27.3%0.0%34.4%-2.6%-1.9%19.0K-841.6K-1.6K0.8865.07140123322119
2015-04-27$40.53$36.0032.4%9.3%27.5%0.0%37.1%-0.6%-0.9%20.1K-940.6K-1.5K0.7675.90157120330119
2015-04-28$40.13$36.0031.4%9.0%28.2%0.0%33.4%-1.4%-1.1%22.0K-879.8K-1.8K0.8281.18149122350120
2015-04-29$39.85$36.0031.0%8.9%28.7%0.0%33.8%-0.0%-1.9%24.8K-878.5K-2.1K0.8782.28140122380122
2015-04-30$39.65$36.0026.2%7.5%29.0%0.0%30.7%0.6%1.4%22.7K-852.9K-1.9K0.9384.64131122375122