KWEB Options History — August 2018

In August 2018, KWEB traded between $47.91 and $55.26. ATM implied volatility averaged 27.2%, placing in the 40.3% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 0.0% (HV 20d: 27.2%). Max pain ranged from $52.00 to $57.00. Net GEX was positive for 10 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 1.05.

Notable Days

  • 2018-08-14: Highest Volume — 10,230 contracts
  • 2018-08-13: Largest IV spike — 17.8% change
  • 2018-08-14: Highest IV Rank — 56.3%
  • 2018-08-15: Largest Expected Move — 8.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$51.86$47.91$55.26$55.26$50.61
Max Pain$53.57$52.00$57.00$56.00$52.00
ATM IV27.2%22.7%30.7%25.6%28.6%
Expected Move7.6%6.5%8.7%7.3%8.2%
HV 20d27.2%20.7%32.6%25.6%32.6%
HV 60d26.3%23.8%28.2%25.0%28.2%
IV Rank40.3%20.3%56.3%33.2%46.8%
IV Percentile68.7%24.6%87.7%60.7%78.2%
Term Structure-0.4%-2.7%1.0%-2.7%-0.7%
VWIV26.8%22.3%32.7%26.1%32.7%
Skew 25d3.0%2.1%4.4%2.4%3.5%
Skew 10d5.9%3.4%9.5%6.2%6.2%
Call IV 25d25.4%22.0%29.2%25.1%27.7%
Put IV 25d28.4%24.3%32.7%27.5%31.1%
Bid-Ask Spread %26.3316.7943.5330.8021.25
Gamma HHI0.220.130.360.320.20
Net GEX-183.7K-2.1M1.8M-721.6K-23.5K
Net DEX3.3M-30.1M33.0M6.2M-6.9M
Net VEX-147.9K-229.9K-74.9K-89.2K-229.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.050.244.890.990.88
Total Volume4,523.5651,40210,2301,4023,020
Total OI29,99421,61142,24221,61138,536

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-08-01$55.26$56.0025.6%7.3%25.6%33.2%26.1%2.4%-2.7%-721.6K6.2M-89.2K0.9930.8070369913,9797,632
2018-08-02$54.49$56.0027.0%7.7%25.7%39.5%26.4%3.9%-1.7%-710.3K10.8M-85.0K0.7816.7980862713,9687,740
2018-08-03$54.00$56.0024.9%7.1%23.7%30.0%24.1%3.0%-0.8%-911.0K14.2M-76.7K1.2017.1167480614,1957,812
2018-08-06$53.92$57.0026.0%6.9%22.6%35.2%25.9%3.7%-0.2%-950.9K15.4M-74.9K4.8926.158264,03914,2558,067
2018-08-07$54.66$56.0024.5%6.6%23.3%28.4%22.7%2.8%0.5%-2.1M17.1M-98.5K0.7829.1786567314,19911,555
2018-08-08$53.76$56.0025.0%6.7%23.4%30.5%23.1%2.8%0.2%-1.9M23.7M-92.2K0.8434.1384270514,33211,617
2018-08-09$53.63$55.0022.7%6.5%20.7%20.3%22.3%2.2%0.1%-1.9M24.6M-90.3K0.4624.313,4781,60414,51311,662
2018-08-10$53.19$55.0025.8%7.0%20.7%34.3%24.0%3.4%-0.4%-1.3M19.4M-100.6K0.6230.481,7771,09316,04511,148
2018-08-13$52.03$55.0030.4%7.2%21.3%54.9%24.8%3.4%1.0%-746.1K24.0M-94.1K0.6125.731,42387116,50711,178
2018-08-14$49.60$54.0030.7%7.2%25.2%56.3%25.0%2.8%0.1%-280.6K33.0M-79.1K3.2817.692,3887,84216,87711,381
2018-08-15$47.91$52.0030.3%8.7%26.7%54.4%29.7%4.1%-1.7%-483.4K31.0M-106.2K0.2422.767,2871,77617,91212,337
2018-08-16$48.77$52.0029.9%8.6%28.3%52.6%30.3%4.4%-2.5%1.8M15.4M-142.8K0.3643.537,0652,53523,44412,899
2018-08-17$49.56$52.0029.2%8.4%29.4%49.2%28.5%3.1%-1.3%-30.3K-1.9M-174.3K0.3024.977,3712,23528,10614,136
2018-08-20$50.48$52.0029.0%8.3%30.9%48.5%30.0%3.4%-0.7%545.2K-9.1M-193.1K0.6421.882,0671,33117,75011,627
2018-08-21$51.06$52.0026.9%7.7%31.4%39.2%27.9%3.0%0.1%720.8K-14.3M-197.2K0.9420.301,7491,64018,31711,927
2018-08-22$51.56$52.0026.0%7.5%29.4%35.1%27.7%2.7%0.3%800.4K-18.8M-203.0K0.7723.471,9171,48318,79112,295
2018-08-23$50.52$52.0025.9%7.4%29.5%34.4%26.6%3.2%0.8%653.3K-8.8M-197.2K0.5320.493,2501,73518,97212,089
2018-08-24$50.95$52.0025.5%7.3%29.9%32.8%26.7%2.6%1.0%544.7K-11.4M-204.5K0.7021.712,2661,57919,16013,019
2018-08-27$52.43$52.0027.7%7.9%30.7%42.6%27.5%2.6%-0.8%964.5K-30.1M-211.7K0.4130.734,7611,92919,88013,234
2018-08-28$52.03$52.0026.8%7.7%30.8%38.4%27.1%2.5%-0.1%909.6K-25.1M-215.8K1.1143.062,5702,84920,48813,553
2018-08-29$52.10$52.0026.5%7.6%30.7%37.4%26.9%2.1%0.2%769.8K-26.1M-225.3K1.6033.651,5802,52421,33914,747
2018-08-30$50.33$52.0030.1%8.6%32.5%53.4%30.9%2.7%-0.6%211.4K-5.7M-219.8K1.2725.492,1082,67221,80114,841
2018-08-31$50.61$52.0028.6%8.2%32.6%46.8%32.7%3.5%-0.7%-23.5K-6.9M-229.9K0.8821.251,6061,41422,28116,255