KWEB Options History — May 2020

In May 2020, KWEB traded between $45.82 and $53.27. ATM implied volatility averaged 39.5%, placing in the 36.4% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded above realized volatility by 4.9% (HV 20d: 34.6%). Max pain ranged from $45.00 to $51.00. Net GEX was positive for 6 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 7.38.

Notable Days

  • 2020-05-20: Highest Volume — 34,748 contracts
  • 2020-05-11: Largest IV spike — 18.7% change
  • 2020-05-04: Highest IV Rank — 44.8%
  • 2020-05-01: Largest Expected Move — 12.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$50.03$45.82$53.27$45.82$52.37
Max Pain$48.25$45.00$51.00$47.00$51.00
ATM IV39.5%31.1%45.5%43.5%38.9%
Expected Move11.0%9.4%12.5%12.5%11.2%
HV 20d34.6%31.0%40.1%35.1%40.1%
HV 60d42.9%41.9%44.6%42.0%44.6%
IV Rank36.4%24.9%44.8%42.0%35.7%
IV Percentile84.1%67.1%91.3%90.9%82.1%
Term Structure-2.3%-3.9%0.1%-3.5%-3.3%
VWIV41.2%34.0%49.5%43.6%44.3%
Skew 25d12.0%10.4%14.8%12.3%11.3%
Skew 10d25.0%21.2%29.4%24.1%25.4%
Call IV 25d33.5%28.3%38.3%38.3%33.7%
Put IV 25d45.5%39.1%50.6%50.6%44.9%
Bid-Ask Spread %26.9813.7845.2519.6523.63
Gamma HHI0.100.060.180.090.11
Net GEX-2.0M-8.9M3.4M-1.0M-8.1M
Net DEX20.4M-32.5M90.3M52.7M47.0M
Net VEX-713.4K-898.4K-576.0K-576.0K-859.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.380.5719.353.229.40
Total Volume8,552.451,51834,7487,39011,209
Total OI125,413.183,266152,482112,339141,936

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-05-01$45.82$47.0043.5%12.5%35.1%42.0%43.6%12.3%-3.5%-1.0M52.7M-576.0K3.2219.651,7535,63762,63549,704
2020-05-04$46.00$48.0045.5%11.7%34.5%44.8%41.0%14.8%-2.5%-2.2M64.3M-577.7K0.6414.094,9033,13562,06254,839
2020-05-05$46.88$45.0041.4%11.0%31.8%39.2%43.8%12.1%-2.0%-1.4M41.5M-637.2K4.3115.907983,44366,25159,182
2020-05-06$47.38$45.0041.9%10.9%31.5%39.9%34.0%12.1%-1.6%-950.8K32.0M-641.9K13.7313.784245,82266,38560,698
2020-05-07$47.92$45.0037.9%10.3%31.0%34.2%35.7%12.3%-1.3%-546.1K22.2M-659.2K5.3014.523491,84966,41165,556
2020-05-08$49.90$45.0031.1%9.4%33.8%24.9%36.7%10.7%0.1%3.3M-32.5M-647.3K1.3322.281,7752,36366,41666,041
2020-05-11$49.99$46.0037.0%9.7%33.8%33.0%37.2%10.4%-0.9%3.4M-32.0M-625.9K14.8625.4371710,65366,24767,973
2020-05-12$50.12$47.0040.5%10.2%32.6%37.9%36.0%11.2%-1.2%2.0M-25.6M-656.9K1.0338.835,3965,54066,68275,284
2020-05-13$50.00$49.0039.8%11.4%32.7%36.9%44.8%13.2%-2.8%1.4M-16.4M-705.3K2.8126.571,2063,38470,22979,693
2020-05-14$50.20$49.0041.4%11.9%31.6%39.1%49.5%13.3%-2.9%2.4M-19.5M-707.9K8.3433.232912,42769,90882,574
2020-05-15$50.59$49.0039.5%11.3%31.6%36.5%42.0%12.5%-2.4%2.1M-26.1M-681.2K4.2931.376162,64468,58782,343
2020-05-18$52.97$49.0035.9%10.3%35.3%31.5%35.6%11.4%-1.8%-1.4M-19.5M-664.6K0.5735.3296855024,07859,188
2020-05-19$53.27$50.0035.9%10.3%33.6%31.5%39.5%10.7%-1.5%-1.5M-23.2M-643.7K2.8745.251,5064,32224,66960,700
2020-05-20$52.50$50.0040.0%11.5%34.0%37.2%43.7%11.8%-3.3%-2.6M-89.3K-700.3K18.9428.751,74333,00524,31966,051
2020-05-21$51.56$50.0039.1%11.2%34.0%35.9%42.8%13.7%-3.1%-5.6M48.8M-825.8K8.3330.771,24110,34125,04587,571
2020-05-22$49.62$50.0039.8%11.4%37.1%36.9%44.5%12.7%-2.2%-6.6M88.4M-846.0K12.0730.201,65019,92125,67590,581
2020-05-26$51.85$50.0038.8%11.1%39.5%35.5%41.2%10.4%-3.0%-6.9M44.5M-838.1K7.2733.158145,91626,208103,685
2020-05-27$51.20$50.0040.7%11.7%39.4%38.2%45.5%11.9%-3.7%-7.8M70.9M-875.4K9.0031.906676,00626,673107,365
2020-05-28$50.51$50.0040.3%11.6%39.2%37.6%43.4%11.8%-3.9%-8.9M90.3M-898.4K19.3525.052985,76727,169111,649
2020-05-29$52.37$51.0038.9%11.2%40.1%35.7%44.3%11.3%-3.3%-8.1M47.0M-859.5K9.4023.631,07810,13127,294114,642