KWEB Options History — December 2018

In December 2018, KWEB traded between $37.51 and $44.95. ATM implied volatility averaged 43.6%, placing in the 71.7% IV rank vs the trailing year. The 30-day expected move averaged 12.1%. IV traded above realized volatility by 5.2% (HV 20d: 38.3%). Max pain ranged from $39.74 to $44.00. Net GEX was positive for 10 of 20 trading days. Term structure was in contango for 0 of 20 days. Put/call ratio averaged 1.46.

Notable Days

  • 2018-12-18: Highest Volume — 25,245 contracts
  • 2018-12-12: Largest IV drop — 18.6% change
  • 2018-12-10: Highest IV Rank — 88.1%
  • 2018-12-24: Largest Expected Move — 13.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.77$37.51$44.95$44.95$37.51
Max Pain$42.59$39.74$44.00$43.00$39.74
ATM IV43.6%38.0%49.4%38.6%43.8%
Expected Move12.1%10.9%13.4%11.1%12.6%
HV 20d38.3%29.1%47.2%45.6%29.1%
HV 60d43.3%42.5%43.8%43.7%42.5%
IV Rank71.7%55.9%88.1%57.5%72.2%
IV Percentile91.5%82.9%98.4%86.9%90.5%
Term Structure-2.5%-8.0%-0.1%-4.2%-2.7%
VWIV41.2%37.0%46.1%38.5%40.2%
Skew 25d5.5%2.9%7.3%4.8%5.8%
Skew 10d12.4%9.2%15.9%10.5%9.2%
Call IV 25d40.0%36.4%45.6%36.5%40.5%
Put IV 25d45.6%41.4%52.0%41.4%46.3%
Bid-Ask Spread %32.8719.3866.0363.1919.38
Gamma HHI0.140.100.220.130.21
Net GEX967.6K-2.0M5.4M5.4M-2.0M
Net DEX11.7M-71.3M74.3M-71.3M44.2M
Net VEX-354.5K-472.5K0-472.5K-279.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.460.114.670.110.21
Total Volume4,967.274225,2454,9991,484
Total OI87,1670120,19188,21574,015

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-12-03$44.95$43.0038.6%11.1%45.6%57.5%38.5%4.8%-4.2%5.4M-71.3M-472.5K0.1163.194,49650359,92628,289
2018-12-04$43.40$43.0043.4%12.4%47.2%71.3%41.3%4.2%-7.5%4.1M-38.1M-445.0K0.1862.704,78085960,44328,328
2018-12-05$43.45$43.0045.9%13.1%47.2%78.1%43.6%4.2%-8.0%4.0M-37.7M-449.6K0.1866.034,78586160,44328,328
2018-12-06$43.03$44.0045.6%10.9%46.4%77.3%39.1%6.6%-0.6%3.6M-27.2M-438.6K4.6730.695172,41461,25828,766
2018-12-07$42.56$44.0043.2%11.1%42.5%70.5%38.2%6.7%-1.9%2.8M-13.6M-425.3K1.7739.101,6162,86159,77030,842
2018-12-10$41.87$44.0049.4%11.6%40.2%88.1%37.7%6.5%-1.0%2.0M719.1K-388.8K4.3431.155132,22959,81230,936
2018-12-11$42.49$44.0047.3%11.5%39.1%82.2%38.4%6.4%-1.4%2.3M-7.1M-401.3K2.6221.169162,40459,09432,975
2018-12-12$43.38$44.0038.5%11.0%38.5%57.4%37.0%5.3%-0.7%3.5M-24.5M-407.0K2.3820.331,0292,44859,33933,060
2018-12-13$42.91$44.0038.0%10.9%37.5%55.9%37.4%5.8%-1.7%2.8M-12.8M-392.7K0.3824.941,08941559,53733,071
2018-12-14$42.02$44.0039.9%11.4%36.7%61.2%41.0%4.6%-2.0%1.4M3.7M-374.4K2.1229.361,2332,60959,78533,071
2018-12-17$40.39$44.0041.9%12.0%39.0%67.1%41.0%4.0%-1.3%-946.8K35.1M-338.7K0.3424.3080927559,63135,036
2018-12-18$40.36$44.0043.5%12.5%37.2%71.6%43.0%6.6%-2.1%-1.5M41.3M-346.2K0.1327.4622,2772,96859,97337,821
2018-12-19$38.69$42.0043.3%12.4%39.4%70.8%42.9%6.0%-2.8%-15.7K61.5M-317.4K0.8830.286,7245,92674,51938,252
2018-12-20$38.49$41.0042.7%12.2%36.3%69.2%42.3%2.9%-0.1%-1.1M68.6M-326.2K3.7029.131,6576,12575,74141,193
2018-12-21$38.28$41.0043.8%12.5%35.0%72.2%46.1%5.9%-1.3%-1.8M74.3M-334.5K2.5722.671,5734,05075,98444,207
2018-12-24$38.15$41.0046.7%13.4%33.4%80.4%45.5%6.4%-2.1%-1.7M53.5M-328.0K0.9121.411,4531,31535,73637,467
2018-12-26$37.83$0.0046.5%13.3%33.3%79.9%44.3%4.0%-3.6%0000.4940.4449724500
2018-12-27$37.85$39.7445.8%13.1%31.8%78.0%43.9%7.3%-3.0%-1.7M41.9M-312.4K0.5226.3384743736,12437,071
2018-12-28$37.86$39.7444.1%12.6%31.2%73.2%43.3%6.4%-1.3%-1.8M41.8M-311.7K0.6127.291,31079536,45037,047
2018-12-31$37.51$39.7443.8%12.6%29.1%72.2%40.2%5.8%-2.7%-2.0M44.2M-279.6K0.2119.381,22725736,70237,313