KWEB Options History — July 2018

In July 2018, KWEB traded between $55.74 and $60.45. ATM implied volatility averaged 24.7%, placing in the 31.7% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded below realized volatility by 3.2% (HV 20d: 27.9%). Max pain ranged from $55.00 to $63.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 1.66.

Notable Days

  • 2018-07-27: Highest Volume — 4,202 contracts
  • 2018-07-06: Largest IV drop — 12.1% change
  • 2018-07-05: Highest IV Rank — 51.3%
  • 2018-07-05: Largest Expected Move — 7.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$58.82$55.74$60.45$58.89$55.74
Max Pain$55.86$55.00$63.00$63.00$56.00
ATM IV24.7%22.8%29.2%27.0%25.1%
Expected Move7.0%6.5%7.8%7.7%7.2%
HV 20d27.9%23.1%31.3%27.3%25.6%
HV 60d24.2%23.6%25.4%24.4%25.3%
IV Rank31.7%23.5%51.3%41.9%31.0%
IV Percentile53.2%32.9%84.1%74.2%57.5%
Term Structure-0.7%-2.1%2.0%-1.1%-2.0%
VWIV24.7%22.6%26.8%22.6%25.0%
Skew 25d3.4%1.7%5.5%5.5%3.1%
Skew 10d7.1%4.8%10.4%10.4%6.8%
Call IV 25d23.5%21.3%26.4%25.4%24.2%
Put IV 25d26.9%25.0%31.0%31.0%27.3%
Bid-Ask Spread %23.8114.0745.8514.0743.83
Gamma HHI0.330.260.410.270.33
Net GEX1.5M-691.1K2.4M1.4M-691.1K
Net DEX-18.3M-28.0M3.9M-19.4M3.9M
Net VEX-96.6K-110.4K-80.0K-110.4K-97.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.660.455.661.093.58
Total Volume1,810.7141,1504,2021,4682,988
Total OI18,282.71415,90021,82017,66421,820

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-07-02$58.89$63.0027.0%7.7%27.3%41.9%22.6%5.5%-1.1%1.4M-19.4M-110.4K1.0914.0770476413,0584,606
2018-07-03$58.96$63.0027.0%7.7%27.0%41.9%26.4%3.0%-0.7%1.4M-20.0M-110.1K1.1324.4967275613,1094,684
2018-07-05$58.18$55.0029.2%7.8%27.1%51.3%26.8%4.1%-1.6%1.2M-15.7M-103.4K1.2030.0570484813,1434,693
2018-07-06$59.56$55.0025.7%7.3%29.0%36.1%25.3%2.4%-0.9%1.5M-23.3M-108.7K1.2931.2668288013,2184,859
2018-07-09$60.45$55.0026.3%7.4%29.3%38.8%25.2%3.9%-0.8%1.7M-28.0M-105.7K1.0018.0380780413,3234,955
2018-07-10$59.58$55.0024.6%6.9%29.4%31.6%23.8%3.6%-0.4%1.6M-22.8M-101.4K1.0022.2286886513,3594,980
2018-07-11$58.68$55.0025.2%7.2%29.3%34.1%25.5%3.9%-1.5%1.4M-17.5M-98.5K1.2416.9272990513,3875,055
2018-07-12$60.18$55.0024.4%7.0%31.3%30.6%24.5%4.6%-1.4%1.8M-25.7M-101.8K1.0631.4063968013,3485,112
2018-07-13$59.71$55.0023.3%6.7%30.3%25.7%23.9%3.3%0.3%1.8M-23.0M-97.5K1.0818.3566471813,3355,164
2018-07-16$59.76$55.0022.8%6.5%30.4%23.5%24.1%4.6%0.7%1.9M-22.6M-92.3K1.9318.096121,18113,3495,126
2018-07-17$60.06$55.0023.1%6.6%30.6%25.0%23.8%4.6%-0.0%2.1M-24.2M-92.7K1.8618.286401,19313,3845,190
2018-07-18$59.61$55.0023.3%6.7%29.3%25.8%23.8%3.7%-0.2%1.9M-21.5M-91.3K1.0816.9964469813,3925,361
2018-07-19$58.33$55.0024.5%7.0%29.5%31.1%24.4%3.6%-2.1%1.2M-13.2M-84.8K1.3517.9063986313,3935,446
2018-07-20$58.50$55.0022.8%6.5%28.8%23.8%23.5%3.0%0.5%1.8M-12.9M-83.8K1.0018.0674774913,4105,705
2018-07-23$58.12$55.0024.1%6.9%28.8%29.2%24.2%2.7%-0.9%1.7M-15.9M-80.6K1.0140.8458959312,1123,788
2018-07-24$58.24$55.0024.1%6.9%24.4%29.1%24.7%1.7%2.0%1.7M-16.5M-80.0K0.4519.431,33559712,1583,834
2018-07-25$59.88$55.0023.1%6.6%26.5%25.0%23.8%2.1%-0.8%2.4M-27.1M-96.9K0.9420.7461157312,8823,869
2018-07-26$58.87$55.0023.8%6.8%23.1%27.9%24.5%2.7%-0.8%2.2M-23.0M-100.4K1.0417.2856458613,4663,856
2018-07-27$57.89$55.0024.1%6.9%23.7%27.6%26.0%2.5%-0.6%1.8M-17.3M-93.5K5.6645.856313,57113,5423,893
2018-07-30$56.08$56.0025.9%7.4%25.7%35.6%26.0%2.7%-1.6%-529.3K2.3M-97.9K4.9115.916323,10013,6417,932
2018-07-31$55.74$56.0025.1%7.2%25.6%31.0%25.0%3.1%-2.0%-691.1K3.9M-97.8K3.5843.836532,33513,8217,999