KWEB Options History — May 2018

In May 2018, KWEB traded between $58.68 and $62.15. ATM implied volatility averaged 24.3%, placing in the 30.9% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 2.4% (HV 20d: 21.9%). Max pain ranged from $54.00 to $57.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.84.

Notable Days

  • 2018-05-02: Highest Volume — 3,677 contracts
  • 2018-05-02: Largest IV spike — 59.3% change
  • 2018-05-02: Highest IV Rank — 96.1%
  • 2018-05-02: Largest Expected Move — 11.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$60.50$58.68$62.15$58.73$61.58
Max Pain$56.73$54.00$57.00$54.00$57.00
ATM IV24.3%21.8%39.5%24.8%22.3%
Expected Move7.0%6.3%11.3%7.1%6.4%
HV 20d21.9%19.5%24.1%24.1%20.1%
HV 60d28.7%27.1%31.7%31.7%27.3%
IV Rank30.9%19.5%96.1%37.7%21.3%
IV Percentile46.3%19.0%99.6%60.3%24.2%
Term Structure-0.7%-15.2%1.3%-0.2%-1.1%
VWIV23.7%21.2%29.8%23.6%22.8%
Skew 25d2.6%1.0%4.4%2.6%3.3%
Skew 10d5.4%0.2%17.2%4.0%7.8%
Call IV 25d22.8%21.1%25.0%23.9%21.7%
Put IV 25d25.4%23.2%29.3%26.6%25.0%
Bid-Ask Spread %27.3015.3872.3218.4126.89
Gamma HHI0.210.170.340.170.21
Net GEX3.8M2.9M5.3M2.9M3.2M
Net DEX-62.4M-84.5M-42.6M-42.6M-65.8M
Net VEX-169.4K-184.3K-149.3K-174.9K-149.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.840.441.450.650.60
Total Volume1,982.6369653,6772,9151,328
Total OI26,121.95520,51731,13026,14721,441

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-05-01$58.73$54.0024.8%7.1%24.1%37.7%23.6%2.6%-0.2%2.9M-42.6M-174.9K0.6518.411,7631,15221,2644,883
2018-05-02$59.10$54.0039.5%11.3%24.1%96.1%29.8%1.4%-15.2%3.0M-46.3M-174.7K0.4472.322,5451,13221,3064,862
2018-05-03$58.68$57.0024.5%7.1%24.0%36.0%24.6%2.8%0.3%3.0M-47.7M-182.1K1.1035.881,0101,11022,2524,853
2018-05-04$59.35$57.0024.4%7.3%23.1%35.0%25.1%3.2%-0.5%3.1M-52.4M-182.7K0.7330.461,5511,13122,3414,807
2018-05-07$60.50$57.0026.2%7.2%23.2%38.6%25.3%2.0%0.5%3.6M-65.2M-184.3K0.6420.721,5991,02822,9424,805
2018-05-08$61.22$57.0025.6%7.0%22.3%35.9%25.4%2.8%0.0%3.9M-71.4M-182.7K0.5119.691,9581,00023,3804,830
2018-05-09$60.63$57.0023.5%6.8%22.6%27.2%24.3%1.1%0.8%4.1M-67.3M-177.8K0.6435.331,6681,06824,3934,848
2018-05-10$61.95$57.0022.8%6.5%23.9%23.7%23.2%1.2%0.8%5.0M-82.4M-176.0K0.8225.681,2471,02224,9484,942
2018-05-11$61.52$57.0021.8%6.3%20.8%19.5%22.1%1.8%1.3%5.0M-77.2M-173.8K0.8517.971,2501,06625,1894,974
2018-05-14$62.15$57.0022.3%6.4%21.0%21.6%22.6%3.1%-0.1%5.3M-84.5M-165.7K1.1036.889751,07525,4494,999
2018-05-15$60.39$57.0023.6%6.8%21.9%27.0%23.3%2.4%0.5%4.5M-64.9M-168.8K1.0223.461,1621,18825,4735,032
2018-05-16$61.45$57.0023.0%6.6%22.7%24.7%22.5%1.0%-0.1%5.2M-77.3M-166.3K1.2224.369481,15825,7075,158
2018-05-17$61.12$57.0022.5%6.5%22.8%22.4%22.2%2.3%1.1%5.3M-73.6M-166.6K1.4519.527561,09625,8465,246
2018-05-18$60.20$57.0022.7%6.5%22.6%23.1%22.6%2.3%0.5%3.8M-63.0M-166.5K1.2817.658191,05125,8645,266
2018-05-21$59.89$57.0022.7%6.5%22.3%23.2%22.9%2.5%-0.3%3.3M-52.1M-163.8K0.7218.1960243317,4233,094
2018-05-22$60.17$57.0021.8%6.3%21.4%19.5%21.2%2.0%0.8%3.4M-55.0M-164.5K0.7119.2061944217,6073,237
2018-05-23$60.38$57.0024.1%6.9%20.3%29.3%23.0%3.2%-0.5%3.3M-55.6M-167.3K0.9646.0352049717,7703,289
2018-05-24$60.40$57.0023.5%6.7%19.9%26.6%23.0%3.4%-0.6%3.3M-56.5M-164.8K0.8330.5555846417,7883,365
2018-05-25$60.23$57.0022.9%6.6%19.8%24.0%21.3%3.0%0.1%3.4M-55.3M-163.3K0.8515.3852144417,8393,393
2018-05-29$60.22$57.0026.5%7.6%19.5%39.5%26.6%4.4%-2.3%3.3M-54.2M-159.2K0.6128.0085452017,8493,411
2018-05-30$61.15$57.0023.7%6.8%20.1%27.5%23.9%4.4%-0.4%3.2M-61.8M-152.1K0.6817.9576552317,8343,484
2018-05-31$61.58$57.0022.3%6.4%20.1%21.3%22.8%3.3%-1.1%3.2M-65.8M-149.3K0.6026.8982949917,9263,515