KWEB Options History — November 2018

In November 2018, KWEB traded between $40.15 and $45.36. ATM implied volatility averaged 45.2%, placing in the 79.3% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded below realized volatility by 7.6% (HV 20d: 52.8%). Max pain ranged from $43.00 to $44.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.61.

Notable Days

  • 2018-11-01: Highest Volume — 26,387 contracts
  • 2018-11-29: Largest IV spike — 21.5% change
  • 2018-11-12: Highest IV Rank — 100.0%
  • 2018-11-30: Largest Expected Move — 15.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.90$40.15$45.36$44.84$43.54
Max Pain$43.57$43.00$44.00$43.00$43.00
ATM IV45.2%39.7%53.6%43.3%53.6%
Expected Move12.4%10.5%15.4%12.4%15.4%
HV 20d52.8%44.1%55.5%52.3%44.1%
HV 60d41.8%39.5%43.4%40.5%43.2%
IV Rank79.3%62.3%100.0%76.8%100.0%
IV Percentile97.1%90.1%100.0%98.4%100.0%
Term Structure-5.4%-11.9%-3.5%-4.6%-11.9%
VWIV41.9%32.2%50.8%43.7%50.8%
Skew 25d5.7%3.0%13.5%5.2%4.9%
Skew 10d12.6%8.2%43.3%10.1%11.7%
Call IV 25d41.3%35.0%48.0%41.7%46.2%
Put IV 25d47.1%39.7%59.6%46.9%51.1%
Bid-Ask Spread %30.0513.60103.7818.7772.50
Gamma HHI0.120.110.200.170.12
Net GEX2.3M-1.0M4.3M3.8M3.7M
Net DEX-19.7M-60.3M45.2M-60.3M-47.1M
Net VEX-446.2K-506.2K-365.2K-498.3K-466.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.091.680.111.20
Total Volume12,493.3816,89926,38726,38711,547
Total OI95,637.85775,191117,911103,63783,830

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-11-01$44.84$43.0043.3%12.4%52.3%76.8%43.7%5.2%-4.6%3.8M-60.3M-498.3K0.1118.7723,7772,61067,53236,105
2018-11-02$44.57$44.0045.1%12.9%52.1%82.4%46.2%5.1%-3.5%2.9M-48.4M-506.2K0.2113.6010,2062,17965,37836,587
2018-11-05$44.22$44.0045.6%11.7%52.1%84.0%39.8%6.2%-4.9%3.0M-37.7M-478.6K0.0921.1020,6611,77666,65136,665
2018-11-06$44.32$44.0046.0%11.8%51.9%85.1%38.6%5.4%-5.3%3.4M-34.9M-479.6K0.0918.4315,8321,50171,70836,620
2018-11-07$45.36$44.0039.7%10.7%50.3%65.7%35.5%4.7%-3.6%4.3M-56.1M-472.5K0.1318.2311,9801,53770,89936,631
2018-11-08$42.98$44.0039.8%10.5%54.2%66.1%35.3%4.8%-3.5%1.9M-809.5K-423.5K0.2520.198,3212,05871,77336,557
2018-11-09$41.26$44.0043.2%11.6%53.8%76.4%39.6%6.2%-4.1%-204.6K31.6M-390.8K0.5524.595,0962,81771,31337,218
2018-11-12$40.15$44.0051.0%11.9%54.2%100.0%32.2%6.4%-4.5%-1.0M45.2M-365.2K0.4120.129,0643,69973,58337,395
2018-11-13$41.30$44.0052.9%11.9%54.9%100.0%40.3%5.1%-5.0%-311.0K27.1M-387.5K0.4721.239,3384,36269,88537,362
2018-11-14$42.49$44.0042.9%12.3%55.5%71.0%38.3%7.0%-5.6%982.3K6.8M-425.7K0.6320.578,1825,14069,81538,863
2018-11-15$43.75$44.0042.0%12.1%54.5%68.7%41.3%4.7%-5.8%2.8M-17.7M-447.3K0.3128.1816,9295,23070,94339,264
2018-11-16$43.55$44.0042.2%12.1%54.5%69.2%40.5%3.0%-5.3%2.2M-24.2M-474.9K0.3723.7712,1144,52178,44039,471
2018-11-19$42.05$44.0044.7%12.8%54.3%76.4%42.9%4.9%-4.8%2.2M-19.9M-449.6K1.6822.082,5844,34950,95824,233
2018-11-20$41.20$43.0047.6%13.7%54.0%84.7%46.2%5.6%-6.1%1.7M-8.5M-429.4K1.0322.084,2974,40551,37424,361
2018-11-21$42.80$43.0043.5%12.5%53.3%72.9%42.8%6.1%-4.1%2.8M-31.5M-465.1K1.4020.133,0664,28753,40524,484
2018-11-23$41.49$43.0046.2%13.2%54.0%80.6%44.0%6.7%-5.8%2.2M-13.7M-434.1K1.3924.932,9134,05954,16424,565
2018-11-26$42.47$43.0046.1%13.2%54.5%80.3%43.7%5.8%-5.0%2.8M-25.4M-439.9K0.9520.563,9233,71354,78824,722
2018-11-27$42.56$43.0044.7%12.8%51.8%76.3%43.9%5.4%-4.7%2.8M-25.9M-433.1K0.6119.194,2732,62654,35524,764
2018-11-28$43.51$43.0039.8%11.4%52.0%62.3%45.4%13.5%-7.5%3.2M-41.6M-459.1K0.45103.785,8242,62355,24224,740
2018-11-29$42.49$43.0048.4%13.9%50.3%86.9%48.2%3.7%-8.5%3.0M-30.0M-444.3K0.4277.076,3022,64057,05524,697
2018-11-30$43.54$43.0053.6%15.4%44.1%100.0%50.8%4.9%-11.9%3.7M-47.1M-466.2K1.2072.505,2516,29659,05724,773