KWEB Options History — May 2019

In May 2019, KWEB traded between $40.35 and $49.67. ATM implied volatility averaged 28.6%, placing in the 29.8% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 0.5% (HV 20d: 28.1%). Max pain ranged from $44.74 to $47.00. Net GEX was positive for 2 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 3.04.

Notable Days

  • 2019-05-22: Highest Volume — 33,655 contracts
  • 2019-05-31: Largest IV spike — 66.3% change
  • 2019-05-13: Highest IV Rank — 89.0%
  • 2019-05-13: Largest Expected Move — 9.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.22$40.35$49.67$48.85$40.35
Max Pain$46.10$44.74$47.00$44.74$46.00
ATM IV28.6%17.0%49.7%27.0%29.7%
Expected Move7.3%4.9%9.2%7.7%8.5%
HV 20d28.1%16.0%35.5%16.4%35.0%
HV 60d28.4%25.9%30.2%26.3%29.2%
IV Rank29.8%0.0%89.0%24.9%34.5%
IV Percentile35.8%0.0%98.4%30.2%38.5%
Term Structure1.6%-7.1%8.0%-6.2%-0.1%
VWIV29.3%21.6%35.8%27.2%35.0%
Skew 25d7.9%1.0%11.6%1.0%8.0%
Skew 10d13.3%4.8%16.7%4.8%14.5%
Call IV 25d25.2%21.0%29.1%27.8%27.4%
Put IV 25d33.1%27.2%38.6%28.8%35.4%
Bid-Ask Spread %17.6611.5728.9520.3112.18
Gamma HHI0.120.100.150.120.10
Net GEX-2.5M-4.6M1.2M-313.4K-4.6M
Net DEX23.5M-53.1M87.7M-40.7M87.7M
Net VEX-396.7K-531.2K-229.4K-229.4K-455.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.040.3812.263.510.67
Total Volume10,139.54544433,6552,9436,521
Total OI72,808.547,98993,06447,98981,004

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-05-01$48.85$44.7427.0%7.7%16.4%24.9%27.2%1.0%-6.2%-313.4K-40.7M-229.4K3.5120.316532,29023,19924,790
2019-05-02$48.66$44.7426.3%7.5%16.0%22.9%26.2%1.9%-7.1%-556.6K-35.2M-242.8K0.5216.214,8582,51123,23424,972
2019-05-03$49.67$44.7425.7%7.4%17.6%21.3%25.8%1.4%-3.9%1.2M-53.1M-270.7K2.8514.259002,56227,20826,176
2019-05-06$48.15$47.0032.3%7.7%20.1%39.9%25.9%6.8%1.8%73.7K-33.2M-272.5K0.5927.385,2283,06527,31326,180
2019-05-07$46.39$47.0038.7%8.9%23.9%58.0%33.0%8.3%-1.0%-583.4K-13.5M-326.9K2.5422.103,7439,52330,54428,546
2019-05-08$46.59$47.0039.2%8.2%24.0%59.4%32.6%8.9%1.6%-1.6M-5.2M-391.3K0.6524.144,6593,04833,69936,979
2019-05-09$46.24$47.0042.2%8.9%24.1%67.8%35.8%8.6%0.4%-1.3M-8.0M-426.5K3.0315.795,53416,74137,02436,090
2019-05-10$45.85$47.0034.4%8.2%23.7%45.7%32.1%7.1%0.1%-2.6M3.8M-470.6K1.2723.631,5241,93839,33944,506
2019-05-13$43.85$47.0049.7%9.2%26.8%89.0%33.7%9.5%-1.1%-2.9M37.6M-412.0K2.9014.656211,80439,33944,506
2019-05-14$44.72$46.0041.6%8.2%27.3%66.1%29.2%10.5%3.2%-3.4M21.0M-428.7K0.4717.8010,7785,04440,74945,360
2019-05-15$45.14$46.0027.4%7.8%27.3%25.9%27.3%7.4%1.0%-3.1M2.8M-531.2K0.9121.8923321147,53645,528
2019-05-16$45.41$46.0026.4%7.6%27.1%23.2%26.1%6.7%1.6%-3.2M4.4M-478.0K0.3828.9551719443,53745,453
2019-05-17$43.42$46.0027.4%7.9%30.8%26.0%23.6%8.0%1.0%-2.5M42.9M-407.7K1.8118.581,5592,82143,59645,538
2019-05-20$41.62$46.0024.3%7.0%33.3%17.1%30.7%11.5%4.3%-2.5M45.9M-370.9K8.4812.742,64822,45626,13833,983
2019-05-21$42.53$46.0019.6%5.6%34.5%4.1%33.3%8.8%3.8%-3.2M38.7M-399.0K3.4716.932,5968,99626,10339,331
2019-05-22$41.97$46.0023.7%6.8%34.5%15.6%32.5%8.6%4.6%-2.5M38.3M-330.5K12.2614.342,53831,11726,39735,634
2019-05-23$40.70$46.0018.2%5.2%35.5%0.0%30.7%10.6%5.8%-4.1M72.2M-441.8K7.1412.672,89520,67426,60850,904
2019-05-24$40.52$46.0022.1%6.3%35.3%11.1%27.3%8.1%1.9%-4.4M77.2M-438.2K9.8313.961,57015,44026,94953,269
2019-05-28$40.75$46.0017.0%4.9%35.1%0.0%21.9%9.1%7.8%-4.4M75.7M-468.3K2.6313.546841,79627,21753,601
2019-05-29$40.73$46.0017.7%5.1%35.1%1.7%21.6%11.6%7.4%-4.5M77.1M-479.9K0.4811.573,5171,70327,63855,016
2019-05-30$40.78$46.0017.8%5.1%35.0%2.2%32.3%10.7%8.0%-4.6M81.2M-456.5K0.4314.923,7561,60425,88855,166
2019-05-31$40.35$46.0029.7%8.5%35.0%34.5%35.0%8.0%-0.1%-4.6M87.7M-455.0K0.6712.183,9142,60725,72555,279