KWEB Options History — June 2020

In June 2020, KWEB traded between $53.55 and $62.96. ATM implied volatility averaged 36.9%, placing in the 27.4% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded above realized volatility by 2.7% (HV 20d: 34.2%). Max pain ranged from $50.00 to $58.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 5.53.

Notable Days

  • 2020-06-03: Highest Volume — 20,432 contracts
  • 2020-06-11: Largest IV spike — 28.7% change
  • 2020-06-11: Highest IV Rank — 37.7%
  • 2020-06-11: Largest Expected Move — 12.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$58.95$53.55$62.96$53.55$62.01
Max Pain$54.73$50.00$58.00$51.00$58.00
ATM IV36.9%32.7%43.6%37.8%32.7%
Expected Move10.4%9.4%12.5%10.8%9.4%
HV 20d34.2%25.8%39.5%35.2%25.8%
HV 60d37.1%32.0%44.9%44.9%32.0%
IV Rank27.4%18.1%37.7%34.1%18.1%
IV Percentile74.0%60.7%90.9%77.8%60.7%
Term Structure-0.5%-3.4%2.2%-3.3%2.2%
VWIV40.9%33.8%49.3%44.6%34.5%
Skew 25d10.2%7.7%14.5%11.4%7.9%
Skew 10d23.7%17.4%39.1%29.9%23.3%
Call IV 25d32.8%30.0%38.0%34.4%30.3%
Put IV 25d43.0%38.2%51.0%45.7%38.2%
Bid-Ask Spread %22.5712.0033.6723.1617.58
Gamma HHI0.070.050.100.100.06
Net GEX-3.8M-7.6M-1.5M-7.6M-2.1M
Net DEX-53.4M-107.0M26.3M26.3M-62.8M
Net VEX-698.6K-856.7K-569.4K-856.7K-569.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.530.1921.333.711.85
Total Volume5,685.81829420,4328,901388
Total OI142,226.22798,069169,244149,876101,789

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-06-01$53.55$51.0037.8%10.8%35.2%34.1%44.6%11.4%-3.3%-7.6M26.3M-856.7K3.7123.161,8917,01027,544122,332
2020-06-02$54.73$50.0036.9%10.6%35.6%32.9%45.6%9.8%-3.4%-6.2M-7.6M-801.7K1.1915.024,5595,41928,526122,621
2020-06-03$56.42$50.0036.3%10.4%36.2%32.1%46.5%9.6%-2.2%-4.7M-49.4M-771.1K19.3917.561,00219,43032,048126,075
2020-06-04$55.70$54.0035.8%9.8%37.1%30.2%42.0%10.1%0.1%-6.2M-23.7M-832.9K13.8029.511,06214,65232,440126,111
2020-06-05$57.05$54.0035.0%9.5%37.5%26.9%33.8%8.5%-0.7%-5.2M-55.3M-744.8K2.2231.361,7273,84232,519127,056
2020-06-08$56.61$54.0036.2%9.5%35.9%28.6%36.9%9.5%-0.4%-5.1M-52.5M-739.7K21.3321.481753,73333,378126,762
2020-06-09$56.37$54.0038.2%9.9%36.1%31.6%35.0%9.3%-0.8%-5.5M-45.1M-766.5K2.3422.457291,70933,420128,429
2020-06-10$57.87$54.0033.9%9.7%36.8%23.1%38.7%9.2%-0.1%-4.1M-72.4M-720.4K2.4927.885571,38733,336128,913
2020-06-11$56.07$54.0043.6%12.5%39.2%37.7%48.3%13.0%-3.3%-6.3M-16.2M-836.8K14.1030.056879,68733,568130,141
2020-06-12$56.96$54.0042.0%12.1%39.3%35.4%49.3%14.5%-2.5%-6.5M-32.3M-809.8K4.9727.633971,97333,822133,606
2020-06-15$57.97$54.0039.7%11.4%39.5%31.9%43.0%12.9%-1.1%-4.8M-67.2M-729.2K4.2222.228953,77833,933135,311
2020-06-16$59.19$54.0038.5%11.0%37.1%30.1%45.3%11.3%-0.8%-2.8M-94.0M-670.4K4.5833.001,7628,06733,743135,250
2020-06-17$60.63$54.0037.7%10.8%37.7%25.9%42.4%10.8%-0.4%-1.7M-107.0M-634.9K0.7433.672,0631,52233,013132,972
2020-06-18$60.95$55.0037.5%10.7%36.9%25.6%43.4%10.7%0.4%-1.7M-83.1M-645.6K2.8019.807582,12129,150134,225
2020-06-19$61.78$55.0035.9%10.3%35.7%23.1%40.2%9.9%0.3%-1.5M-90.4M-621.3K2.6318.701,7744,67028,961135,358
2020-06-22$61.69$57.0035.4%10.1%31.3%22.3%40.8%10.6%0.7%-2.0M-51.8M-610.5K6.1020.353292,00823,85074,219
2020-06-23$62.96$57.0033.7%9.7%29.1%19.7%39.1%7.7%1.7%-1.9M-66.5M-582.2K2.9515.771,8295,39324,00075,253
2020-06-24$62.25$57.0037.1%10.6%28.9%25.0%38.6%10.2%0.4%-2.1M-54.9M-613.2K1.4819.3655582324,67476,177
2020-06-25$62.27$58.0036.3%10.4%27.8%23.7%38.7%10.0%0.2%-2.1M-56.0M-607.7K0.8014.0916313124,89776,472
2020-06-26$61.99$58.0035.9%10.3%26.6%23.2%36.4%9.1%0.3%-2.2M-55.0M-611.7K7.7223.974573,52825,06276,459
2020-06-29$61.91$58.0034.7%9.9%26.3%21.3%36.2%9.7%1.1%-2.2M-56.8M-592.9K0.1912.003757125,18776,375
2020-06-30$62.01$58.0032.7%9.4%25.8%18.1%34.5%7.9%2.2%-2.1M-62.8M-569.4K1.8517.5813625225,42376,366