KWEB Options History — October 2018

In October 2018, KWEB traded between $39.18 and $48.60. ATM implied volatility averaged 39.0%, placing in the 85.2% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded above realized volatility by 3.3% (HV 20d: 35.7%). Max pain ranged from $43.00 to $50.00. Net GEX was positive for 11 of 23 trading days. Term structure was in contango for 0 of 23 days. Put/call ratio averaged 0.71.

Notable Days

2018-10-05: Highest Volume — 19,615 contracts
2018-10-04: Largest IV spike — 12.2% change
2018-10-23: Highest IV Rank — 100.0%
2018-10-29: Largest Expected Move — 14.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$43.14	$39.18	$48.60	$48.60	$41.79
Max Pain	$46.09	$43.00	$50.00	$48.00	$43.00
ATM IV	39.0%	29.8%	50.9%	29.8%	42.0%
Expected Move	11.0%	8.6%	14.6%	8.6%	12.1%
HV 20d	35.7%	29.8%	47.0%	32.2%	47.0%
HV 60d	32.4%	29.4%	37.5%	29.4%	37.5%
IV Rank	85.2%	52.3%	100.0%	52.3%	73.0%
IV Percentile	97.1%	78.6%	100.0%	78.6%	98.0%
Term Structure	-4.2%	-6.4%	-1.7%	-1.7%	-3.2%
VWIV	38.6%	31.1%	49.6%	31.1%	43.0%
Skew 25d	5.3%	2.3%	8.3%	2.3%	6.5%
Skew 10d	10.5%	5.0%	15.9%	5.0%	12.4%
Call IV 25d	36.6%	29.2%	46.5%	29.2%	39.6%
Put IV 25d	41.9%	31.5%	54.8%	31.5%	46.2%
Bid-Ask Spread %	14.80	8.86	27.75	15.60	14.62
Gamma HHI	0.13	0.10	0.18	0.15	0.18
Net GEX	202.7K	-1.6M	4.4M	4.4M	1.6M
Net DEX	32.3M	-40.7M	70.3M	-40.7M	10.0M
Net VEX	-345.8K	-427.3K	-304.0K	-358.7K	-427.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.71	0.15	1.69	0.39	0.52
Total Volume	9,779.826	3,346	19,615	3,346	8,300
Total OI	87,091.13	66,644	106,100	66,644	99,460

Daily Data (23 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
2018-10-01	$48.60	$48.00	29.8%	8.6%	32.2%	52.3%	31.1%	2.3%	-1.7%	4.4M	-40.7M	-358.7K	0.39	15.60	2,402	944	47,078	19,566
2018-10-02	$47.29	$48.00	32.1%	9.2%	33.1%	62.4%	32.4%	3.5%	-2.2%	2.8M	-13.7M	-329.6K	1.46	13.98	3,089	4,502	47,130	19,612
2018-10-03	$47.51	$48.00	31.9%	9.1%	29.8%	61.5%	32.9%	2.5%	-2.6%	2.7M	-16.2M	-349.8K	0.97	18.90	2,400	2,332	48,202	21,932
2018-10-04	$45.55	$49.00	35.8%	9.1%	33.3%	79.0%	32.5%	3.6%	-2.6%	698.0K	17.3M	-311.0K	1.10	16.19	4,416	4,847	48,438	22,261
2018-10-05	$44.90	$50.00	35.2%	9.5%	33.5%	76.1%	32.3%	3.7%	-4.1%	-132.8K	27.6M	-307.2K	0.34	15.16	14,625	4,990	49,118	23,858
2018-10-08	$44.60	$47.00	35.9%	9.4%	31.8%	79.3%	32.8%	4.0%	-3.8%	-556.4K	34.8M	-331.6K	0.24	16.47	8,449	1,993	52,790	27,278
2018-10-09	$43.97	$47.00	37.0%	9.7%	32.1%	84.2%	35.9%	3.6%	-3.1%	-1.4M	48.1M	-328.3K	1.38	15.52	2,486	3,429	52,765	30,441
2018-10-10	$42.27	$47.00	36.9%	10.6%	33.6%	84.1%	37.8%	3.8%	-4.8%	-1.6M	68.3M	-304.0K	1.69	15.10	2,676	4,531	53,081	32,164
2018-10-11	$42.25	$47.00	39.5%	11.3%	30.2%	95.4%	41.3%	6.7%	-4.8%	-1.4M	65.5M	-314.7K	1.56	27.75	6,569	10,220	53,606	32,465
2018-10-12	$44.10	$46.00	37.6%	10.8%	34.9%	87.3%	39.3%	5.8%	-5.9%	-43.4K	26.1M	-368.8K	0.67	13.08	9,057	6,057	57,385	32,680
2018-10-15	$43.33	$46.00	38.1%	10.9%	34.5%	89.3%	39.1%	4.8%	-5.7%	-784.2K	41.7M	-332.5K	1.15	11.89	7,744	8,896	58,045	32,963
2018-10-16	$44.07	$46.00	36.6%	10.5%	35.1%	82.7%	37.2%	5.2%	-5.5%	437.5K	32.6M	-376.7K	0.54	14.34	5,049	2,720	64,965	38,475
2018-10-17	$43.02	$46.00	37.4%	10.7%	33.1%	85.9%	36.4%	5.1%	-5.7%	-453.7K	51.1M	-347.6K	0.62	13.59	2,599	1,624	67,078	38,594
2018-10-18	$41.37	$46.00	40.2%	11.5%	33.9%	98.9%	40.3%	6.5%	-6.4%	-1.2M	70.3M	-315.3K	0.60	14.12	3,151	1,891	67,328	38,540
2018-10-19	$41.42	$46.00	38.3%	11.0%	33.8%	90.1%	37.2%	5.2%	-5.6%	-1.3M	69.1M	-309.0K	0.48	11.11	3,543	1,711	68,112	37,988
2018-10-22	$43.06	$46.00	39.5%	11.3%	37.2%	95.5%	38.6%	5.4%	-2.2%	-750.3K	28.9M	-339.1K	0.15	11.42	13,496	2,043	39,957	31,503
2018-10-23	$41.92	$45.00	41.3%	11.8%	37.5%	100.0%	39.9%	7.6%	-3.9%	183.0K	30.0M	-357.1K	0.21	10.19	14,211	2,987	50,010	31,884
2018-10-24	$40.17	$44.00	44.4%	12.7%	38.3%	100.0%	41.0%	7.4%	-4.1%	-83.1K	45.2M	-338.5K	0.42	8.86	9,228	3,844	54,799	32,947
2018-10-25	$41.15	$44.00	42.8%	12.3%	40.2%	93.8%	43.2%	6.0%	-3.1%	222.8K	33.9M	-365.8K	0.26	12.38	11,060	2,833	53,907	34,103
2018-10-26	$40.93	$44.00	45.9%	13.2%	40.2%	100.0%	44.9%	6.8%	-4.3%	653.1K	27.4M	-406.7K	0.30	15.49	6,881	2,085	59,572	34,297
2018-10-29	$39.18	$44.00	50.9%	14.6%	42.1%	100.0%	49.6%	8.3%	-5.9%	289.6K	44.5M	-364.0K	0.58	23.51	3,190	1,866	63,491	34,615
2018-10-30	$39.83	$43.00	46.9%	13.4%	42.6%	87.7%	48.1%	7.1%	-4.5%	352.3K	41.8M	-369.3K	0.60	11.16	2,484	1,486	63,877	34,736
2018-10-31	$41.79	$43.00	42.0%	12.1%	47.0%	73.0%	43.0%	6.5%	-3.2%	1.6M	10.0M	-427.3K	0.52	14.62	5,464	2,836	64,578	34,882