KWEB Options History — April 2018

In April 2018, KWEB traded between $56.92 and $61.45. ATM implied volatility averaged 28.2%, placing in the 51.1% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded below realized volatility by 5.3% (HV 20d: 33.5%). Max pain ranged from $52.00 to $67.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 1.27.

Notable Days

  • 2018-04-26: Highest Volume — 7,166 contracts
  • 2018-04-11: Largest IV drop — 9.8% change
  • 2018-04-02: Highest IV Rank — 77.4%
  • 2018-04-02: Largest Expected Move — 10.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$59.60$56.92$61.45$59.60$58.88
Max Pain$54.38$52.00$67.00$67.00$54.00
ATM IV28.2%24.6%34.8%34.8%24.6%
Expected Move8.0%7.1%10.0%10.0%7.1%
HV 20d33.5%24.1%38.3%36.0%24.1%
HV 60d32.3%31.4%33.0%31.7%32.3%
IV Rank51.1%36.9%77.4%77.4%36.9%
IV Percentile76.7%58.7%97.6%97.6%58.7%
Term Structure-0.2%-2.3%1.1%-2.3%-0.4%
VWIV28.1%24.3%34.7%34.7%24.3%
Skew 25d3.5%1.4%6.2%6.1%2.2%
Skew 10d6.6%3.0%13.1%10.1%3.7%
Call IV 25d26.6%24.0%33.6%33.6%24.5%
Put IV 25d30.2%26.2%39.7%39.7%26.7%
Bid-Ask Spread %26.9719.0044.7042.0523.92
Gamma HHI0.160.120.200.120.17
Net GEX1.4M929.8K2.9M1.0M2.9M
Net DEX-23.4M-42.7M-13.8M-17.1M-42.7M
Net VEX-126.9K-178.8K-95.3K-118.7K-174.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.270.162.061.361.06
Total Volume2,417.4761,0997,1662,1352,253
Total OI20,070.66717,43226,16717,43226,167

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-04-02$59.60$67.0034.8%10.0%36.0%77.4%34.7%6.1%-2.3%1.0M-17.1M-118.7K1.3642.059061,22912,6424,790
2018-04-03$59.70$67.0031.7%9.1%36.0%65.0%31.3%5.2%-1.5%1.0M-16.5M-112.9K1.1533.041,0271,18012,6144,838
2018-04-04$60.11$66.0030.4%8.7%35.9%59.8%29.9%6.2%0.9%1.0M-16.8M-112.8K1.5230.708491,28912,6234,912
2018-04-05$60.48$52.0031.0%8.7%35.6%62.5%30.7%5.4%-0.6%1.1M-19.4M-114.2K1.4829.587801,15612,7404,944
2018-04-06$59.12$52.0033.8%9.0%36.1%73.5%33.6%5.9%-1.5%970.4K-14.1M-110.7K1.7421.186811,18712,8334,971
2018-04-09$60.17$52.0033.5%8.9%35.7%72.3%30.5%4.0%-1.3%1.1M-18.6M-109.8K1.1221.571,2321,38112,9065,125
2018-04-10$61.45$52.0031.8%8.6%36.8%65.6%29.9%3.9%-1.6%1.2M-24.8M-114.8K1.1823.861,1171,32213,0625,241
2018-04-11$61.32$52.0028.7%8.2%36.2%53.2%28.8%2.8%-0.5%1.3M-24.8M-113.5K1.4328.738261,17813,1765,225
2018-04-12$61.18$52.0027.4%7.9%35.9%48.1%28.0%3.0%0.2%1.2M-23.7M-109.3K1.5523.137661,18913,1785,300
2018-04-13$59.25$52.0026.8%7.7%36.8%45.8%26.7%3.7%0.1%937.5K-13.8M-99.8K1.8621.566301,17013,2225,321
2018-04-16$59.41$52.0027.2%7.8%36.9%47.4%26.1%3.1%0.2%929.8K-14.5M-95.3K2.0619.005791,19213,2405,388
2018-04-17$60.91$52.0025.9%7.4%38.3%42.0%25.4%3.4%0.9%1.2M-22.3M-98.1K0.2620.134,9281,29713,2445,322
2018-04-18$60.58$52.0024.9%7.1%37.1%38.1%24.9%1.4%1.1%1.8M-33.6M-155.2K1.6220.678071,31117,5425,478
2018-04-19$60.47$52.0025.5%7.3%37.1%40.5%25.8%1.7%0.6%1.8M-33.1M-155.5K1.6835.296351,06917,7135,490
2018-04-20$59.43$52.0025.3%7.2%31.1%39.5%25.6%2.5%0.8%1.5M-26.2M-150.7K1.8720.425541,03417,6895,547
2018-04-23$58.75$52.0024.9%7.1%30.8%38.2%24.6%2.9%0.2%1.7M-28.2M-140.5K0.8520.9159550416,4134,175
2018-04-24$57.86$52.0025.4%7.3%29.0%40.2%25.8%1.6%0.5%1.6M-24.3M-136.0K0.9720.7273371016,4704,223
2018-04-25$56.92$52.0026.9%7.7%26.0%46.0%28.2%3.0%0.1%1.4M-19.0M-129.8K0.8444.701,07490516,4434,322
2018-04-26$57.73$54.0026.2%7.5%26.2%43.1%27.3%2.7%-1.7%1.4M-20.5M-134.1K0.1629.436,1631,00316,1364,868
2018-04-27$58.30$54.0024.8%7.1%25.5%37.8%27.2%2.9%0.4%2.7M-38.2M-178.8K0.9935.851,1661,16021,0884,863
2018-04-30$58.88$54.0024.6%7.1%24.1%36.9%24.3%2.2%-0.4%2.9M-42.7M-174.5K1.0623.921,0961,15721,2544,913