KWEB Options History — January 2019

In January 2019, KWEB traded between $36.19 and $43.65. ATM implied volatility averaged 36.1%, placing in the 50.5% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded above realized volatility by 0.2% (HV 20d: 35.8%). Max pain ranged from $39.74 to $43.74. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.98.

Notable Days

  • 2019-01-03: Highest Volume — 10,746 contracts
  • 2019-01-22: Largest IV spike — 13.4% change
  • 2019-01-03: Highest IV Rank — 78.4%
  • 2019-01-02: Largest Expected Move — 12.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.49$36.19$43.65$37.45$43.65
Max Pain$41.85$39.74$43.74$39.74$42.00
ATM IV36.1%32.1%46.0%43.6%32.1%
Expected Move10.2%9.4%12.5%12.5%9.8%
HV 20d35.8%25.2%38.4%25.3%38.1%
HV 60d42.5%37.9%44.7%42.4%38.3%
IV Rank50.5%39.3%78.4%71.8%39.3%
IV Percentile71.9%58.7%94.4%89.7%58.7%
Term Structure-0.3%-3.5%2.0%-2.5%-0.3%
VWIV35.8%33.0%42.5%42.5%36.3%
Skew 25d4.6%1.7%9.2%6.5%4.6%
Skew 10d9.5%5.1%16.2%13.1%9.7%
Call IV 25d33.9%31.6%41.6%41.6%32.4%
Put IV 25d38.5%34.6%48.1%48.1%37.0%
Bid-Ask Spread %12.028.9416.4015.3516.40
Gamma HHI0.160.070.790.220.07
Net GEX469.6K-2.1M18.9M-2.0M1.6M
Net DEX-5.6M-50.4M57.6M43.6M-50.4M
Net VEX-278.1K-314.2K-247.9K-277.4K-274.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.980.085.930.220.80
Total Volume4,224.71492910,7461,6147,794
Total OI83,099.04874,82096,33375,06682,869

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-01-02$37.45$39.7443.6%12.5%25.3%71.8%42.5%6.5%-2.5%-2.0M43.6M-277.4K0.2215.351,32528937,78837,278
2019-01-03$36.19$43.7446.0%12.2%25.2%78.4%42.2%9.2%-3.5%-2.0M57.6M-247.9K5.939.681,5509,19637,95437,314
2019-01-04$38.39$43.7440.8%11.1%34.8%63.9%37.9%6.5%-1.2%-2.1M32.4M-291.9K0.2410.126,7211,58138,18040,100
2019-01-07$39.33$41.7441.3%11.0%36.4%65.4%36.9%5.3%-1.6%-1.5M16.6M-307.7K0.2412.8682319542,11840,604
2019-01-08$39.45$41.7440.4%10.7%36.4%62.7%38.1%5.8%-1.1%-1.4M12.7M-302.2K0.9514.821,04198542,53740,623
2019-01-09$40.78$41.7436.4%10.4%38.4%51.4%36.5%5.3%0.0%-689.3K-8.9M-307.7K0.0810.699,31373642,38841,183
2019-01-10$40.93$41.7435.6%10.2%38.0%49.1%34.8%5.1%-1.1%132.9K-13.1M-314.2K0.2411.453,25478048,10741,185
2019-01-11$40.25$41.7433.5%9.6%37.3%43.3%34.0%4.0%0.3%-721.0K-3.3M-293.2K0.6910.811,6321,13149,34741,368
2019-01-14$39.25$41.7434.9%10.0%38.0%47.1%35.7%4.3%0.0%-2.0M16.7M-295.2K0.4810.1962630349,74941,814
2019-01-15$39.62$41.7433.8%9.7%37.8%44.1%33.3%4.2%0.3%-1.9M8.4M-279.1K1.069.2175179749,83141,953
2019-01-16$40.51$41.7432.7%9.4%36.2%41.0%33.0%3.5%0.4%-598.6K-9.5M-277.8K0.6511.711,19276949,95541,782
2019-01-17$40.84$41.7434.5%9.9%36.3%46.1%33.9%2.7%-1.2%-99.7K-15.3M-275.5K0.1215.555,78970349,95741,959
2019-01-18$41.81$41.7432.7%9.4%33.4%40.9%33.3%1.7%1.2%18.9M-43.7M-272.4K0.3812.045,7582,18054,37041,963
2019-01-22$40.24$41.7437.1%10.6%36.5%53.3%36.1%4.4%-0.5%-208.6K-3.0M-262.4K0.4113.4669528640,91833,902
2019-01-23$40.74$41.7434.7%9.9%36.5%46.5%34.8%4.4%0.1%-26.5K-8.5M-250.3K0.928.9464559541,14633,951
2019-01-24$41.36$41.7433.3%9.5%36.7%42.7%33.5%4.5%0.4%272.4K-15.7M-250.7K1.1711.4085099441,17434,166
2019-01-25$42.66$41.7433.0%9.5%37.6%41.9%34.6%3.0%0.5%970.0K-33.8M-261.0K0.409.444,8161,91841,19734,479
2019-01-28$42.25$41.7434.5%9.9%37.9%46.0%35.4%2.8%0.7%1.2M-34.2M-270.2K3.7813.184361,64944,59734,067
2019-01-29$42.10$41.7433.7%9.6%38.0%43.7%33.9%4.0%0.1%1.0M-30.9M-268.7K0.2010.281,95539745,27735,808
2019-01-30$42.58$41.7432.9%9.4%37.7%41.4%35.0%3.7%2.0%1.1M-35.3M-260.6K1.6414.922,3763,89344,29835,824
2019-01-31$43.65$42.0032.1%9.8%38.1%39.3%36.3%4.6%-0.3%1.6M-50.4M-274.1K0.8016.404,3263,46844,41638,453