KWEB Options History — August 2019

In August 2019, KWEB traded between $38.36 and $42.34. ATM implied volatility averaged 33.4%, placing in the 49.8% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 3.5% (HV 20d: 29.9%). Max pain ranged from $40.00 to $43.74. Net GEX was positive for 9 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 2.31.

Notable Days

  • 2019-08-21: Highest Volume — 12,907 contracts
  • 2019-08-05: Largest IV spike — 38.0% change
  • 2019-08-05: Highest IV Rank — 70.4%
  • 2019-08-05: Largest Expected Move — 10.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.58$38.36$42.34$41.27$42.33
Max Pain$41.20$40.00$43.74$43.74$41.00
ATM IV33.4%28.5%41.7%32.3%30.5%
Expected Move9.2%8.2%10.4%9.3%8.7%
HV 20d29.9%17.9%34.8%17.9%33.2%
HV 60d27.4%26.1%29.4%27.1%27.2%
IV Rank49.8%37.7%70.4%47.1%42.7%
IV Percentile53.4%27.8%82.5%55.2%37.3%
Term Structure-0.9%-3.5%0.3%-2.4%-0.3%
VWIV32.0%27.1%35.9%32.1%30.1%
Skew 25d6.7%3.1%8.5%4.2%6.6%
Skew 10d14.4%5.2%19.2%5.2%14.1%
Call IV 25d29.2%26.0%32.6%30.6%26.8%
Put IV 25d35.9%32.1%40.9%34.9%33.4%
Bid-Ask Spread %17.4312.1924.2319.7316.91
Gamma HHI0.140.060.420.160.14
Net GEX-1.4M-5.4M1.7M-3.7M1.6M
Net DEX34.6M-30.3M88.6M49.7M-27.4M
Net VEX-433.7K-519.4K-349.6K-438.1K-512.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.310.0215.484.154.32
Total Volume3,732.522912,9077,1142,320
Total OI77,733.18255,71791,02883,87471,356

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-08-01$41.27$43.7432.3%9.3%17.9%47.1%32.1%4.2%-2.4%-3.7M49.7M-438.1K4.1519.731,3825,73238,09345,781
2019-08-02$40.51$43.7430.2%8.7%18.6%41.9%28.7%3.1%-0.8%-4.1M63.3M-408.8K4.1118.499213,78638,60546,108
2019-08-05$38.36$43.0041.7%10.4%25.3%70.4%35.3%8.3%-3.5%-2.9M88.6M-349.6K0.7716.372,8372,17738,59845,402
2019-08-06$38.73$40.0038.1%9.5%25.4%61.5%30.4%7.4%-1.7%-3.1M86.5M-354.1K3.3414.422,1667,23538,39446,124
2019-08-07$38.99$40.0038.3%9.5%25.8%62.0%35.7%7.9%-1.5%-2.6M74.6M-362.7K2.8812.197372,12140,04842,969
2019-08-08$39.84$40.0032.3%8.7%27.5%47.2%29.7%7.7%0.0%-3.5M69.0M-390.1K15.4819.543956,11540,50545,704
2019-08-09$39.41$41.0030.8%9.1%27.6%43.5%32.7%7.0%-0.6%-3.3M78.0M-389.3K0.3117.2336911440,64747,315
2019-08-12$39.00$41.0040.3%9.7%27.2%66.9%33.0%8.4%-0.5%-2.7M83.2M-369.4K2.1914.5726658340,46847,158
2019-08-13$40.08$41.0038.0%9.0%29.6%61.2%35.2%7.2%-0.3%-3.9M64.5M-391.0K3.9223.111,6256,36240,66746,823
2019-08-14$39.17$41.0035.7%10.2%30.3%55.6%35.9%8.5%-1.7%-2.6M80.1M-380.6K0.7915.9192573341,42048,337
2019-08-15$39.65$41.0034.3%9.8%30.8%52.0%32.4%8.2%-1.8%-2.0M73.3M-388.7K0.4521.701,90286541,46848,019
2019-08-16$40.77$41.0031.1%8.9%32.6%44.2%31.2%7.4%-0.4%-5.4M58.3M-415.9K0.7416.141,8021,32642,25548,773
2019-08-19$42.10$41.0030.9%8.9%34.8%43.6%29.8%6.1%-0.6%43.0K1.4M-427.1K4.2024.231,2425,21924,93030,787
2019-08-20$42.06$41.0029.9%8.6%33.3%41.2%30.6%6.8%0.1%-11.1K4.0M-440.7K0.7518.9614010525,53433,259
2019-08-21$42.14$41.0028.5%8.2%33.1%37.7%27.5%6.1%0.2%139.5K1.6M-426.4K0.1417.8611,3661,54125,61831,796
2019-08-22$41.45$41.0029.5%8.5%33.4%40.3%27.1%5.8%0.3%1.1M-12.4M-513.3K0.0216.151,3372436,20833,212
2019-08-23$40.58$41.0033.4%9.6%34.0%49.8%34.6%6.8%-0.7%825.7K-2.1M-513.3K0.3217.281,25640737,28633,230
2019-08-26$41.17$41.0033.7%9.7%34.6%50.5%33.1%6.2%-1.8%1.1M-11.6M-516.0K0.0317.972,7358837,61033,460
2019-08-27$41.20$41.0033.2%9.5%34.5%49.3%33.1%6.9%-0.7%1.2M-13.5M-516.6K0.7916.0712810138,53933,426
2019-08-28$41.52$41.0031.1%8.9%34.6%44.1%35.0%6.1%0.0%1.4M-18.1M-518.5K0.9415.2823622238,57133,478
2019-08-29$42.34$41.0030.4%8.7%34.0%42.4%32.0%5.3%-0.3%1.7M-30.3M-519.4K0.1213.431,04612638,69933,450
2019-08-30$42.33$41.0030.5%8.7%33.2%42.7%30.1%6.6%-0.3%1.6M-27.4M-512.2K4.3216.914361,88437,94733,409