KWEB Options History — November 2019

In November 2019, KWEB traded between $44.53 and $47.75. ATM implied volatility averaged 26.1%, placing in the 31.6% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 1.0% (HV 20d: 25.1%). Max pain ranged from $42.00 to $46.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 1.11.

Notable Days

  • 2019-11-07: Highest Volume — 6,775 contracts
  • 2019-11-11: Largest IV spike — 14.7% change
  • 2019-11-12: Highest IV Rank — 39.8%
  • 2019-11-29: Largest Expected Move — 8.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.31$44.53$47.75$45.59$46.52
Max Pain$45.60$42.00$46.00$42.00$46.00
ATM IV26.1%23.1%29.3%23.6%27.8%
Expected Move7.5%6.8%8.0%6.8%8.0%
HV 20d25.1%23.7%26.2%23.7%24.4%
HV 60d24.1%23.2%25.3%24.6%23.7%
IV Rank31.6%24.4%39.8%25.7%36.0%
IV Percentile23.4%4.8%41.3%5.6%40.9%
Term Structure-0.1%-1.4%1.1%1.1%-0.7%
VWIV26.2%24.0%28.2%24.0%27.2%
Skew 25d2.5%0.8%3.6%0.8%2.5%
Skew 10d5.7%3.7%7.0%5.0%5.6%
Call IV 25d25.4%23.3%27.2%23.3%27.2%
Put IV 25d27.9%24.1%29.7%24.1%29.7%
Bid-Ask Spread %21.5915.7127.6316.0727.63
Gamma HHI0.110.070.300.130.10
Net GEX2.7M-328.5K5.4M4.1M1.9M
Net DEX-63.6M-134.7M10.8M-82.1M-26.6M
Net VEX-464.4K-505.3K-429.9K-438.1K-495.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.110.016.603.180.70
Total Volume2,929.52936,7751,389293
Total OI83,668.963,902104,38287,26073,201

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-11-01$45.59$42.0023.6%6.8%23.7%25.7%24.0%0.8%1.1%4.1M-82.1M-438.1K3.1816.073321,05748,47338,787
2019-11-04$47.24$44.0025.1%7.4%25.7%29.2%25.8%2.8%0.2%3.7M-121.2M-432.4K0.2627.425,1401,35549,61239,788
2019-11-05$46.78$44.0026.1%7.4%24.9%31.7%26.0%2.7%0.3%4.3M-111.5M-456.6K1.4920.218701,29252,06940,748
2019-11-06$46.61$46.0024.6%7.2%25.1%28.0%25.8%3.4%0.3%4.2M-106.4M-453.5K0.1421.461,34119252,08041,339
2019-11-07$47.75$46.0023.1%7.3%25.8%24.4%25.4%2.0%0.0%3.6M-134.7M-429.9K0.2125.445,5951,18051,90641,445
2019-11-08$47.52$46.0023.5%7.2%25.4%25.4%25.9%2.7%0.4%3.7M-127.5M-446.9K3.1823.865341,69952,54842,509
2019-11-11$47.20$46.0027.0%7.5%25.4%33.9%25.7%2.8%0.4%3.6M-119.7M-430.9K0.4518.552,7541,24552,48542,809
2019-11-12$46.99$46.0029.3%7.6%24.7%39.8%27.5%3.0%0.0%3.6M-114.1M-440.2K0.0420.042,1938953,35944,019
2019-11-13$46.28$46.0027.3%7.8%25.6%34.6%26.7%3.4%-0.4%4.5M-95.5M-460.8K1.0116.632,2532,26555,19444,020
2019-11-14$45.67$46.0026.9%7.7%26.2%33.7%28.2%3.6%-0.2%5.4M-76.0M-471.6K6.6020.356394,21655,49446,269
2019-11-15$46.19$46.0025.7%7.4%25.4%30.7%25.7%2.7%0.5%5.4M-87.3M-479.0K0.4418.721,54368355,07449,308
2019-11-18$45.78$46.0025.1%7.2%25.2%29.3%24.9%2.4%0.0%83.1K-3.5M-468.3K0.2419.7489721427,58536,317
2019-11-19$45.61$46.0026.9%7.7%24.2%33.7%26.5%2.6%-0.8%15.0K-2.6M-474.4K0.1716.093,89866828,20636,515
2019-11-20$44.53$46.0026.9%7.7%26.0%33.7%27.7%2.5%-0.1%-328.5K10.8M-472.4K0.4815.711,80486331,29636,459
2019-11-21$44.65$46.0026.7%7.7%24.9%33.3%26.3%2.8%-0.3%-230.9K9.5M-477.0K0.1225.645676931,88336,758
2019-11-22$45.33$46.0025.9%7.4%24.8%31.4%26.1%2.0%-0.4%342.0K-1.3M-476.0K0.0124.701,6381332,14236,795
2019-11-25$46.50$46.0026.6%7.6%25.2%32.9%26.4%1.7%-1.4%1.6M-22.9M-477.6K0.7526.633,1542,35533,32036,801
2019-11-26$46.57$46.0026.7%7.6%24.3%33.1%26.5%2.3%-0.3%1.9M-26.8M-502.3K0.4821.731,45870035,82737,074
2019-11-27$46.95$46.0026.3%7.5%24.4%32.3%26.2%2.3%-0.6%2.3M-33.3M-505.3K2.1825.144821,05035,65338,211
2019-11-29$46.52$46.0027.8%8.0%24.4%36.0%27.2%2.5%-0.7%1.9M-26.6M-495.0K0.7027.6317212135,97537,226