KWEB Options History — June 2019

In June 2019, KWEB traded between $40.03 and $44.15. ATM implied volatility averaged 26.0%, placing in the 31.2% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded below realized volatility by 3.3% (HV 20d: 29.3%). Max pain ranged from $41.00 to $46.00. Net GEX was positive for 9 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.97.

Notable Days

  • 2019-06-28: Highest Volume — 29,688 contracts
  • 2019-06-11: Largest IV spike — 59.9% change
  • 2019-06-26: Highest IV Rank — 50.3%
  • 2019-06-26: Largest Expected Move — 9.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.18$40.03$44.15$40.03$43.92
Max Pain$42.45$41.00$46.00$46.00$42.00
ATM IV26.0%13.3%33.6%28.4%33.3%
Expected Move7.8%3.8%9.6%8.2%9.5%
HV 20d29.3%23.0%34.8%33.2%27.0%
HV 60d28.0%27.4%28.3%28.1%28.2%
IV Rank31.2%0.0%50.3%31.2%49.5%
IV Percentile30.7%0.0%63.1%33.7%61.1%
Term Structure1.8%-2.4%16.1%2.8%-1.9%
VWIV29.0%19.2%34.8%28.8%33.1%
Skew 25d4.8%1.1%13.3%8.5%2.1%
Skew 10d8.8%1.7%17.0%11.3%3.5%
Call IV 25d28.2%21.4%33.6%28.5%32.7%
Put IV 25d33.0%23.4%37.0%37.0%34.8%
Bid-Ask Spread %15.7710.3425.4312.6012.65
Gamma HHI0.120.100.160.110.10
Net GEX-589.9K-4.6M2.8M-4.6M1.3M
Net DEX29.9M-35.3M94.8M94.8M-30.9M
Net VEX-528.9K-648.7K-445.3K-445.3K-608.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.970.044.200.040.11
Total Volume10,509.81,94829,68816,17929,688
Total OI101,297.7583,220109,23183,220103,536

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-06-03$40.03$46.0028.4%8.2%33.2%31.2%28.8%8.5%2.8%-4.6M94.8M-445.3K0.0412.6015,61556426,21057,010
2019-06-04$40.77$46.0013.3%3.8%33.8%0.0%19.2%13.3%12.5%-3.3M69.1M-500.4K1.0313.265,3585,50437,40356,968
2019-06-05$40.14$46.0014.4%4.1%32.2%2.8%25.0%1.6%16.1%-3.6M78.0M-494.9K1.3714.503,8855,31040,18356,603
2019-06-06$40.25$42.0019.8%8.1%32.1%16.2%28.4%6.6%1.1%-3.5M79.2M-475.5K0.3420.834,5981,54840,72256,131
2019-06-07$41.05$42.0016.9%7.6%33.5%9.1%26.0%7.3%3.4%-2.6M56.2M-507.8K1.3216.593,0514,02343,57056,592
2019-06-10$41.92$42.0016.5%7.3%34.8%8.1%26.0%5.7%0.5%-1.3M31.6M-498.3K0.0716.8013,9891,02044,28356,143
2019-06-11$42.65$42.0026.4%7.6%32.2%32.6%29.5%6.4%1.1%2.8M10.6M-525.6K0.8816.476,7435,91551,31555,636
2019-06-12$41.85$42.0027.5%7.9%31.7%35.3%31.0%8.1%4.5%-508.6K43.4M-530.6K1.9017.282,2564,28548,50959,245
2019-06-13$41.86$42.0027.3%7.8%31.4%34.6%27.7%6.0%-1.1%-447.6K43.3M-524.2K0.7613.581,3381,01748,33059,325
2019-06-14$41.22$42.0027.7%7.9%31.4%35.6%26.1%6.7%2.6%-2.1M57.5M-516.0K0.2817.933,5931,01648,24359,436
2019-06-17$41.55$42.0018.5%5.3%27.9%12.8%24.7%7.8%3.4%-2.6M57.9M-485.2K1.1314.499161,03247,00059,236
2019-06-18$43.09$42.0028.2%8.1%26.9%36.9%28.3%4.7%0.5%2.1M17.3M-521.7K0.1713.645,56393947,60960,210
2019-06-19$43.14$42.0030.4%8.7%25.8%42.6%31.5%2.6%-0.1%727.3K19.4M-528.9K1.3025.432,2912,97148,61260,398
2019-06-20$43.81$42.0030.9%8.8%25.8%43.6%30.2%1.3%-1.6%2.8M189.9K-540.6K1.1016.587,0617,74148,67560,556
2019-06-21$43.42$41.0029.9%8.6%23.1%41.1%29.0%1.8%-0.9%826.3K14.7M-534.1K1.8616.343,0465,67446,04762,070
2019-06-24$43.34$41.0031.9%9.1%23.0%46.1%32.7%1.1%-2.4%633.4K-10.0M-544.4K4.2015.188653,63241,93144,397
2019-06-25$42.20$41.0032.4%9.3%25.3%47.4%32.6%2.1%-1.2%-877.4K17.9M-542.7K0.0716.1817,3011,13541,92847,794
2019-06-26$43.32$42.0033.6%9.6%26.8%50.3%34.4%1.3%-1.9%846.4K-16.1M-605.9K0.7314.809,9357,25949,07748,582
2019-06-27$44.15$42.0033.0%9.4%27.3%48.8%34.8%1.4%-2.2%1.5M-35.3M-648.7K0.7610.347,1045,41552,18954,251
2019-06-28$43.92$42.0033.3%9.5%27.0%49.5%33.1%2.1%-1.9%1.3M-30.9M-608.0K0.1112.6526,6473,04151,22852,308