KWEB Options History — March 2019

In March 2019, KWEB traded between $44.84 and $48.50. ATM implied volatility averaged 32.1%, placing in the 39.2% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded above realized volatility by 0.8% (HV 20d: 31.3%). Max pain ranged from $37.74 to $44.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.37.

Notable Days

  • 2019-03-06: Highest Volume — 7,074 contracts
  • 2019-03-12: Largest IV drop — 12.3% change
  • 2019-03-11: Highest IV Rank — 52.1%
  • 2019-03-08: Largest Expected Move — 10.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.33$44.84$48.50$46.57$47.09
Max Pain$39.72$37.74$44.00$44.00$38.74
ATM IV32.1%29.5%36.6%32.1%29.9%
Expected Move9.0%8.4%10.0%9.2%8.4%
HV 20d31.3%26.7%33.6%26.9%32.8%
HV 60d32.5%31.3%33.8%32.2%32.7%
IV Rank39.2%31.9%52.1%39.4%32.9%
IV Percentile55.4%40.5%74.6%57.5%41.3%
Term Structure-0.8%-1.6%-0.0%-1.2%-0.9%
VWIV31.7%29.7%34.5%32.5%30.2%
Skew 25d3.2%1.6%4.5%1.6%3.2%
Skew 10d6.6%3.9%9.7%3.9%6.4%
Call IV 25d30.5%28.4%32.5%31.9%28.9%
Put IV 25d33.7%31.3%36.5%33.5%32.1%
Bid-Ask Spread %18.159.9127.8816.5525.20
Gamma HHI0.080.050.160.100.06
Net GEX2.5M1.3M4.4M3.5M1.8M
Net DEX-56.0M-91.3M-38.6M-66.1M-53.5M
Net VEX-252.2K-285.5K-225.4K-285.5K-237.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.370.070.950.150.28
Total Volume2,072.0486077,0746,9181,447
Total OI47,44339,78554,55953,62441,953

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-03-01$46.57$44.0032.1%9.2%26.9%39.4%32.5%1.6%-1.2%3.5M-66.1M-285.5K0.1516.555,99192734,69118,933
2019-03-04$46.89$44.0033.4%9.6%26.7%42.9%33.9%4.3%-0.7%3.8M-69.7M-280.8K0.1316.512,05226334,94719,061
2019-03-05$48.50$44.0033.1%9.5%28.8%42.2%33.2%3.3%-0.7%4.4M-91.3M-278.2K0.2114.442,63755134,74419,193
2019-03-06$47.76$44.0032.8%9.4%28.7%41.1%31.7%2.6%-1.1%4.4M-82.7M-278.4K0.0712.556,59048435,29819,252
2019-03-07$45.88$44.0034.9%10.0%32.0%47.1%34.5%3.0%-1.0%2.7M-54.3M-273.2K0.329.911,57251033,16319,225
2019-03-08$45.15$44.0035.0%10.0%30.5%47.4%34.1%4.0%-0.3%2.3M-44.6M-268.2K0.3416.832,25675933,40719,297
2019-03-11$46.75$37.7436.6%9.0%32.5%52.1%32.5%3.6%-1.1%3.5M-65.8M-263.2K0.2619.0583421833,65119,411
2019-03-12$46.57$37.7432.1%8.8%32.3%39.3%31.3%3.3%-1.2%3.4M-62.3M-260.7K0.5616.0539222033,92819,489
2019-03-13$46.18$37.7431.6%8.9%32.3%37.9%31.4%3.8%-0.5%3.2M-58.9M-249.4K0.2718.631,01327733,91819,599
2019-03-14$45.61$37.7430.4%8.7%32.6%34.5%30.4%4.0%-0.0%3.0M-50.9M-246.6K0.5617.421,17365134,36219,714
2019-03-15$46.66$37.7429.5%8.4%33.5%31.9%30.5%3.2%-0.5%1.6M-62.1M-245.2K0.3017.361,49344534,38720,172
2019-03-18$47.34$37.7430.2%8.4%33.0%33.9%29.7%2.1%-1.0%1.8M-57.4M-244.8K0.4920.1976637826,10113,684
2019-03-19$47.05$37.7430.4%8.5%33.0%34.3%31.3%2.1%-0.5%1.8M-57.0M-246.9K0.3119.6763119326,49813,791
2019-03-20$46.28$37.7431.2%8.6%33.6%36.7%31.1%3.1%-1.5%1.6M-48.9M-246.4K0.2722.3485923026,51713,831
2019-03-21$46.40$37.7431.2%8.7%33.0%36.8%31.3%2.7%-0.0%1.6M-49.3M-242.4K0.3019.1271721726,56113,935
2019-03-22$44.84$37.7432.5%9.1%32.6%40.2%31.8%4.5%-0.7%1.3M-39.3M-234.8K0.4418.4677334326,60913,977
2019-03-25$45.25$37.7433.5%9.1%30.6%43.2%33.6%4.4%-1.4%1.4M-39.7M-232.8K0.3717.0044316426,53314,109
2019-03-26$45.05$38.7432.1%9.0%30.5%39.2%31.1%3.0%-0.7%1.4M-38.6M-227.5K0.3217.4762619926,35014,230
2019-03-27$45.44$38.7431.8%8.7%30.7%38.5%30.7%3.0%-1.6%1.5M-41.1M-225.4K0.9518.481,03498526,36214,247
2019-03-28$45.66$38.7429.7%8.4%30.8%32.5%29.9%2.5%-0.4%1.5M-41.6M-227.5K0.9027.881,1561,04426,79214,381
2019-03-29$47.09$38.7429.9%8.4%32.8%32.9%30.2%3.2%-0.9%1.8M-53.5M-237.9K0.2825.201,12931826,82215,131