KWEB Options History — April 2019

In April 2019, KWEB traded between $47.80 and $49.16. ATM implied volatility averaged 28.3%, placing in the 28.5% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded above realized volatility by 3.8% (HV 20d: 24.4%). Max pain ranged from $38.74 to $44.74. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 2.46.

Notable Days

  • 2019-04-01: Highest Volume — 11,509 contracts
  • 2019-04-04: Largest IV drop — 5.2% change
  • 2019-04-01: Highest IV Rank — 38.2%
  • 2019-04-01: Largest Expected Move — 8.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.55$47.80$49.16$48.25$48.74
Max Pain$42.45$38.74$44.74$38.74$44.74
ATM IV28.3%26.3%31.7%31.7%27.6%
Expected Move8.0%7.5%8.6%8.6%7.9%
HV 20d24.4%16.7%33.8%33.8%16.7%
HV 60d28.3%26.3%32.0%32.0%26.3%
IV Rank28.5%22.9%38.2%38.2%26.6%
IV Percentile36.9%27.8%52.8%52.8%34.1%
Term Structure-1.6%-5.5%0.8%-1.6%-5.5%
VWIV28.1%26.7%30.1%30.0%27.3%
Skew 25d2.1%0.4%3.4%1.1%0.4%
Skew 10d4.9%3.1%6.3%3.1%6.1%
Call IV 25d27.4%26.2%31.5%31.5%27.7%
Put IV 25d29.5%28.1%32.6%32.6%28.1%
Bid-Ask Spread %19.5013.0126.7023.2814.55
Gamma HHI0.140.070.250.070.12
Net GEX2.4M-668.0K5.6M2.1M-421.8K
Net DEX-58.6M-82.9M-31.2M-64.8M-38.0M
Net VEX-251.7K-268.0K-225.4K-231.5K-243.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.460.0312.900.125.93
Total Volume3,900.42987011,50911,5092,059
Total OI51,353.14342,01261,09042,01247,993

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-04-01$48.25$38.7431.7%8.6%33.8%38.2%30.0%1.1%-1.6%2.1M-64.8M-231.5K0.1223.2810,2351,27426,88115,131
2019-04-02$47.86$38.7430.5%8.5%31.7%34.8%29.9%2.1%-0.9%3.5M-69.1M-268.0K1.1124.632,5252,80834,37916,035
2019-04-03$48.41$38.7431.7%8.5%31.5%38.2%30.1%3.3%-0.7%4.0M-78.1M-259.8K0.8518.713,5903,05434,95915,537
2019-04-04$48.40$38.7430.1%8.3%27.5%33.5%28.8%2.4%-0.6%3.8M-70.9M-263.7K0.6022.714,4842,69633,72216,364
2019-04-05$49.16$38.7428.9%8.3%27.0%30.3%28.3%2.6%-0.4%3.5M-77.5M-255.3K0.8626.703,3242,87331,59116,377
2019-04-08$49.08$38.7428.4%8.1%24.5%28.9%28.4%2.3%-0.4%3.6M-77.0M-251.7K0.0323.075,88315932,09416,507
2019-04-09$48.94$38.7427.6%7.9%24.5%26.6%27.4%3.4%0.5%5.6M-82.9M-260.6K0.3525.442,52089136,88916,569
2019-04-10$48.83$38.7427.9%8.0%24.2%27.3%28.6%2.9%0.8%5.4M-77.4M-252.9K8.6023.127836,73236,21216,555
2019-04-11$48.09$44.7427.6%7.9%24.4%26.5%27.9%2.8%0.2%3.2M-56.3M-267.5K0.5119.2787844735,77522,675
2019-04-12$48.97$44.7427.6%7.9%24.0%26.6%26.8%2.3%-0.1%4.7M-71.1M-267.8K0.1516.833,18946635,76322,801
2019-04-15$47.80$44.7428.8%8.3%25.3%30.0%29.0%2.2%-1.4%3.0M-54.1M-260.9K0.3713.0167524737,95122,830
2019-04-16$48.24$44.7428.1%8.0%25.4%27.8%28.6%2.4%-0.5%3.5M-59.7M-254.7K0.5117.7560030538,14922,941
2019-04-17$48.67$44.7427.4%7.8%24.6%25.9%27.4%2.3%0.1%3.4M-64.3M-252.4K0.2621.9387022738,04023,016
2019-04-18$48.69$44.7426.9%7.7%24.6%24.5%27.4%2.2%0.1%1.7M-63.6M-244.1K0.7913.9387368837,82623,063
2019-04-22$48.66$44.7428.0%8.0%20.5%27.7%26.7%2.8%-5.1%821.4K-44.7M-242.2K0.0613.473,47719525,41819,952
2019-04-23$49.08$44.7427.3%7.8%20.5%25.7%27.8%0.8%-2.5%293.7K-44.0M-225.4K3.0919.543611,11422,91420,124
2019-04-24$48.50$44.7427.4%7.8%21.1%25.9%27.3%1.1%-4.6%12.4K-39.3M-229.7K12.9021.843354,32222,94220,676
2019-04-25$48.15$44.7427.4%7.9%21.3%26.1%27.6%1.9%-4.2%-625.0K-31.3M-250.1K11.1615.993694,11923,00923,904
2019-04-26$48.27$44.7426.3%7.5%21.3%22.9%26.9%1.1%-3.6%-668.0K-31.2M-257.3K1.9018.2248091222,97024,353
2019-04-29$48.68$44.7426.6%7.6%18.7%23.8%27.1%1.0%-3.2%-420.0K-36.2M-246.2K1.4915.5635052023,09324,436
2019-04-30$48.74$44.7427.6%7.9%16.7%26.6%27.3%0.4%-5.5%-421.8K-38.0M-243.8K5.9314.552971,76223,19124,802