KWEB Options History — July 2019

In July 2019, KWEB traded between $42.34 and $45.00. ATM implied volatility averaged 26.1%, placing in the 31.7% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 3.0% (HV 20d: 23.1%). Max pain ranged from $42.00 to $44.74. Net GEX was positive for 12 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 0.86.

Notable Days

  • 2019-07-09: Highest Volume — 14,204 contracts
  • 2019-07-08: Largest IV spike — 7.6% change
  • 2019-07-08: Highest IV Rank — 38.3%
  • 2019-07-08: Largest Expected Move — 8.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.52$42.34$45.00$45.00$42.34
Max Pain$43.59$42.00$44.74$42.00$43.74
ATM IV26.1%24.6%28.7%27.6%25.6%
Expected Move7.5%7.0%8.0%7.9%7.4%
HV 20d23.1%15.9%27.6%27.5%16.0%
HV 60d28.3%27.6%28.8%28.7%27.6%
IV Rank31.7%28.0%38.3%35.4%30.6%
IV Percentile16.2%9.5%31.7%25.8%11.5%
Term Structure1.0%-0.8%2.6%-0.4%1.0%
VWIV26.4%24.6%32.1%28.1%25.4%
Skew 25d1.7%0.4%2.5%0.6%1.1%
Skew 10d3.9%1.3%7.3%1.3%2.9%
Call IV 25d25.7%24.6%27.9%27.9%26.0%
Put IV 25d27.4%26.2%29.1%28.4%27.2%
Bid-Ask Spread %13.958.4819.628.4814.38
Gamma HHI0.170.110.670.130.17
Net GEX2.8M-3.7M25.5M8.5M-3.3M
Net DEX-14.6M-94.3M29.8M-94.3M29.8M
Net VEX-493.5K-653.6K-414.2K-653.6K-444.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.860.033.270.072.99
Total Volume4,194.77331014,2048,6074,275
Total OI107,372.72772,429127,937127,93783,175

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-07-01$45.00$42.0027.6%7.9%27.5%35.4%28.1%0.6%-0.4%8.5M-94.3M-653.6K0.078.488,05954875,25852,679
2019-07-02$44.99$42.0026.1%7.5%27.2%31.8%26.5%0.5%0.5%8.3M-80.9M-615.5K0.2413.531,78842271,79052,634
2019-07-03$44.74$42.0026.1%7.5%26.4%31.8%25.7%1.1%0.8%7.9M-70.4M-599.7K0.2111.521,46630471,99152,683
2019-07-05$44.34$44.7426.7%7.7%26.9%33.3%26.8%2.4%1.0%7.3M-56.7M-576.6K0.6119.621,38084472,00252,773
2019-07-08$43.48$44.7428.7%8.0%27.6%38.3%26.9%2.3%1.3%3.9M-20.1M-531.7K0.0516.628,46439672,36852,830
2019-07-09$43.85$43.7428.3%7.9%26.9%37.3%27.2%2.2%1.0%5.4M-33.1M-547.5K0.0316.5013,73746773,87653,577
2019-07-10$43.62$43.7426.6%7.6%26.4%32.9%26.2%2.1%1.5%3.2M-18.8M-526.8K0.2414.652,46359067,26653,881
2019-07-11$43.28$43.7425.7%7.4%25.5%30.8%25.8%1.9%2.0%1.7M-7.2M-493.4K0.7015.7484459566,01153,944
2019-07-12$43.19$43.7425.5%7.3%25.6%30.3%25.3%2.0%2.0%1.2M-3.3M-481.3K0.7014.3193565666,09254,388
2019-07-15$43.58$43.7425.1%7.2%24.9%29.4%25.0%1.4%2.2%3.4M-15.1M-469.5K0.1613.6473712066,19054,404
2019-07-16$43.41$43.7424.6%7.0%24.9%28.0%24.7%1.9%2.6%1.9M-6.6M-454.8K0.1814.2990416266,56454,441
2019-07-17$43.01$43.7425.3%7.2%21.7%29.7%24.7%2.2%1.7%-1.1M3.7M-440.2K0.1014.091,59215466,22054,242
2019-07-18$42.59$43.7424.9%7.1%21.9%28.9%25.3%1.8%2.1%-3.7M10.1M-433.3K0.0816.088,05062366,14253,710
2019-07-19$42.89$43.7424.8%7.1%21.3%28.5%24.6%2.1%2.3%25.5M-1.3M-431.9K0.3613.002,52290472,96553,797
2019-07-22$42.61$43.7425.5%7.3%21.2%30.2%25.7%1.6%0.6%-1.3M11.7M-414.2K2.4610.995941,45936,33236,097
2019-07-23$43.72$43.7425.7%7.4%23.2%30.8%27.6%1.8%-0.2%-267.5K-3.2M-436.6K3.2713.092,0366,66336,06137,358
2019-07-24$44.10$43.7425.9%7.4%21.0%31.2%32.1%2.5%-0.6%-528.7K-6.4M-466.7K1.9814.262,0734,09637,15042,918
2019-07-25$43.61$43.7425.9%7.4%19.5%31.4%26.4%2.2%-0.5%-996.9K1.2M-461.3K1.3814.262,1432,94737,63242,929
2019-07-26$43.34$43.7425.2%7.2%18.3%29.6%26.1%1.4%1.1%-1.4M6.2M-471.3K1.6513.242,0233,33437,88944,525
2019-07-29$43.08$43.7427.0%7.7%18.3%34.0%27.0%2.5%-0.8%-1.9M12.6M-454.0K1.0313.0415315737,85044,523
2019-07-30$42.67$43.7426.5%7.6%15.9%32.7%27.1%0.4%-0.0%-2.6M21.0M-452.7K0.3711.5244316337,81345,230
2019-07-31$42.34$43.7425.6%7.4%16.0%30.6%25.4%1.1%1.0%-3.3M29.8M-444.4K2.9914.381,0713,20437,94645,229