KWEB Options History — February 2018

In February 2018, KWEB traded between $57.50 and $66.42. ATM implied volatility averaged 32.4%, placing in the 71.4% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded below realized volatility by 0.3% (HV 20d: 32.6%). Max pain ranged from $63.00 to $65.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 0.69.

Notable Days

2018-02-06: Highest Volume — 6,082 contracts
2018-02-05: Largest IV spike — 40.3% change
2018-02-05: Highest IV Rank — 100.0%
2018-02-08: Largest Expected Move — 10.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$62.87	$57.50	$66.42	$64.60	$63.57
Max Pain	$64.63	$63.00	$65.00	$65.00	$65.00
ATM IV	32.4%	28.6%	40.5%	28.7%	31.3%
Expected Move	9.1%	8.0%	10.7%	8.0%	9.0%
HV 20d	32.6%	20.8%	38.2%	20.8%	37.0%
HV 60d	27.3%	23.5%	28.8%	23.5%	28.6%
IV Rank	71.4%	52.9%	100.0%	88.2%	63.3%
IV Percentile	96.9%	89.7%	100.0%	96.0%	96.0%
Term Structure	-1.5%	-4.3%	0.6%	0.6%	-0.8%
VWIV	31.2%	28.5%	34.7%	28.5%	32.1%
Skew 25d	4.3%	2.0%	7.0%	2.0%	4.5%
Skew 10d	7.6%	3.7%	13.7%	5.3%	9.1%
Call IV 25d	30.0%	26.8%	33.6%	27.3%	30.4%
Put IV 25d	34.3%	29.3%	40.2%	29.3%	34.8%
Bid-Ask Spread %	43.27	23.70	74.78	23.70	48.67
Gamma HHI	0.22	0.16	0.35	0.21	0.28
Net GEX	1.6M	811.3K	2.5M	1.4M	2.0M
Net DEX	-47.0M	-65.9M	-18.0M	-55.7M	-48.1M
Net VEX	-172.0K	-186.2K	-155.3K	-155.3K	-180.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.69	0.29	2.42	0.31	0.76
Total Volume	2,428.737	1,203	6,082	4,094	1,203
Total OI	23,592.947	18,529	27,457	24,933	19,803

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
2018-02-01	$64.60	$65.00	28.7%	8.0%	20.8%	88.2%	28.5%	2.0%	0.6%	1.4M	-55.7M	-155.3K	0.31	23.70	3,134	960	16,185	8,748
2018-02-02	$62.60	$65.00	28.9%	8.1%	23.8%	89.2%	28.9%	3.3%	0.1%	1.3M	-43.8M	-166.2K	0.32	30.53	2,527	802	16,553	8,837
2018-02-05	$60.63	$65.00	40.5%	10.2%	25.5%	100.0%	31.8%	6.2%	-2.6%	1.2M	-36.0M	-172.6K	0.54	74.78	1,754	955	17,623	8,892
2018-02-06	$61.26	$65.00	37.4%	9.0%	25.4%	87.6%	31.1%	6.9%	-2.9%	1.2M	-36.2M	-172.3K	2.42	45.19	1,780	4,302	17,753	9,005
2018-02-07	$60.15	$64.00	32.5%	9.3%	26.0%	68.3%	32.1%	3.4%	-1.0%	1.3M	-32.7M	-165.8K	0.72	37.78	1,292	925	17,880	8,004
2018-02-08	$57.50	$63.00	37.3%	10.7%	29.8%	87.2%	34.5%	4.6%	-3.3%	811.3K	-18.0M	-156.4K	0.63	39.59	1,267	799	17,971	7,808
2018-02-09	$58.51	$63.00	35.9%	10.3%	30.7%	81.9%	34.7%	7.0%	-4.3%	973.2K	-23.4M	-160.3K	0.59	54.00	1,224	724	18,215	7,806
2018-02-12	$59.99	$64.00	32.7%	9.4%	32.2%	69.0%	30.8%	3.6%	-2.2%	1.5M	-32.0M	-156.3K	1.22	43.99	981	1,201	18,013	7,765
2018-02-13	$61.54	$65.00	32.3%	9.3%	33.8%	67.4%	30.9%	6.8%	-2.2%	1.8M	-41.8M	-162.7K	0.84	23.79	1,317	1,106	17,963	7,863
2018-02-14	$64.18	$64.00	30.7%	8.8%	36.7%	61.1%	30.5%	4.3%	-0.1%	2.3M	-59.5M	-168.7K	0.29	30.40	2,856	827	18,159	7,855
2018-02-15	$64.87	$65.00	30.8%	8.8%	36.9%	61.6%	31.4%	4.7%	-1.4%	2.5M	-65.9M	-177.3K	0.41	35.31	2,333	962	18,866	7,953
2018-02-16	$64.45	$65.00	29.6%	8.5%	37.0%	56.8%	30.8%	3.8%	-0.1%	1.8M	-63.9M	-183.2K	0.57	42.41	1,468	840	19,319	8,138
2018-02-20	$64.76	$65.00	32.0%	9.2%	37.0%	66.2%	31.5%	3.4%	-1.0%	1.7M	-52.3M	-183.0K	0.56	48.54	960	540	15,126	3,403
2018-02-21	$65.25	$65.00	32.6%	9.3%	36.9%	68.6%	30.4%	5.3%	-3.2%	1.8M	-57.2M	-183.8K	0.50	48.66	1,038	520	15,501	3,507
2018-02-22	$64.72	$65.00	30.8%	8.8%	37.0%	61.4%	31.0%	2.6%	-1.3%	1.9M	-53.4M	-186.2K	0.64	47.99	782	500	15,757	3,519
2018-02-23	$66.42	$65.00	29.1%	8.3%	38.1%	54.8%	29.4%	4.8%	-0.4%	1.9M	-62.7M	-182.1K	0.76	47.13	713	540	15,808	3,548
2018-02-26	$65.74	$65.00	28.6%	8.2%	37.2%	52.9%	29.6%	2.0%	-0.5%	2.0M	-60.8M	-175.0K	0.46	50.25	1,085	502	15,887	3,564
2018-02-27	$63.80	$65.00	33.3%	9.5%	38.2%	71.5%	32.2%	3.1%	-2.0%	2.0M	-50.5M	-180.1K	0.54	49.49	924	503	16,081	3,588
2018-02-28	$63.57	$65.00	31.3%	9.0%	37.0%	63.3%	32.1%	4.5%	-0.8%	2.0M	-48.1M	-180.9K	0.76	48.67	683	520	16,102	3,701