KWEB Options History — July 2020

In July 2020, KWEB traded between $62.44 and $70.49. ATM implied volatility averaged 37.1%, placing in the 24.9% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded above realized volatility by 6.7% (HV 20d: 30.4%). Max pain ranged from $55.00 to $65.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 1.95.

Notable Days

  • 2020-07-06: Highest Volume — 12,983 contracts
  • 2020-07-06: Largest IV spike — 43.2% change
  • 2020-07-13: Highest IV Rank — 40.8%
  • 2020-07-13: Largest Expected Move — 11.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$66.46$62.44$70.49$62.44$66.85
Max Pain$61.18$55.00$65.00$58.00$65.00
ATM IV37.1%29.2%47.2%31.3%33.2%
Expected Move10.2%8.4%11.4%9.0%9.5%
HV 20d30.4%24.1%34.7%24.1%33.2%
HV 60d32.8%31.0%34.1%31.0%31.9%
IV Rank24.9%12.7%40.8%15.9%19.0%
IV Percentile69.1%48.4%92.9%56.3%54.0%
Term Structure-0.3%-1.4%2.8%2.4%0.7%
VWIV37.0%30.6%45.0%32.7%33.3%
Skew 25d4.6%2.5%8.3%7.9%2.7%
Skew 10d10.2%5.4%22.1%22.1%6.9%
Call IV 25d34.1%28.0%38.1%28.0%32.1%
Put IV 25d38.7%33.8%42.8%35.9%34.8%
Bid-Ask Spread %22.987.5843.5326.7118.52
Gamma HHI0.100.060.150.060.09
Net GEX-2.4M-5.4M-257.6K-1.9M-3.2M
Net DEX-65.8M-139.7M3.6M-72.5M-45.4M
Net VEX-630.0K-764.3K-515.6K-520.8K-681.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.950.058.700.930.52
Total Volume5,649.86438312,9832,281672
Total OI117,575.682100,363135,475101,910114,457

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-07-01$62.44$58.0031.3%9.0%24.1%15.9%32.7%7.9%2.4%-1.9M-72.5M-520.8K0.9326.711,1811,10025,43076,480
2020-07-02$64.52$58.0029.2%8.4%25.0%12.7%30.6%5.7%2.8%-763.3K-97.6M-515.6K5.877.581,1786,91726,42877,518
2020-07-06$66.84$55.0041.9%10.7%26.3%32.5%40.9%8.3%-1.2%-944.2K-107.8M-518.7K2.6233.493,5859,39826,82184,266
2020-07-07$66.14$58.0040.1%10.9%26.6%29.6%38.4%6.6%-1.3%-2.4M-95.4M-529.3K2.2237.631,2652,80628,24890,526
2020-07-08$68.94$60.0041.1%10.8%28.7%31.3%45.0%6.5%-1.4%-1.7M-116.6M-532.9K1.0542.645,1085,35128,44692,587
2020-07-09$70.49$60.0043.3%11.3%28.4%34.7%39.5%5.5%-1.0%-397.8K-139.7M-520.3K0.4643.534,4352,06230,84096,115
2020-07-10$69.86$60.0039.3%10.9%25.0%28.4%39.5%4.6%-0.9%-257.6K-128.9M-532.3K1.4621.112,5253,67931,49797,680
2020-07-13$68.33$60.0047.2%11.4%27.5%40.8%39.6%4.3%-1.3%-1.1M-100.8M-605.6K0.4517.713,6471,63531,304101,007
2020-07-14$66.73$60.0046.1%11.1%29.7%39.0%38.8%4.8%-0.6%-2.5M-79.0M-668.3K0.2417.375,2861,25832,889102,317
2020-07-15$67.08$60.0038.0%10.9%29.2%26.4%40.0%4.7%-0.9%-2.2M-80.2M-626.0K2.2017.644,0458,88431,831103,226
2020-07-16$65.14$60.0037.1%10.6%31.0%25.1%38.7%4.7%-0.3%-5.4M-46.0M-674.7K2.2720.061,8364,16430,995104,480
2020-07-17$65.39$60.0035.3%10.1%31.0%22.1%37.0%3.5%0.5%-2.4M-62.1M-648.9K1.8416.261,2612,31731,479102,542
2020-07-20$66.72$60.0034.1%9.8%31.3%20.4%35.9%2.7%-0.3%-1.6M-55.6M-624.9K3.7318.631,6176,03926,43073,933
2020-07-21$68.16$60.0034.3%9.8%31.9%20.6%35.6%2.7%-0.3%-749.7K-70.9M-617.0K2.5824.272,4156,23726,35274,411
2020-07-22$66.19$62.0035.5%10.2%33.5%22.6%37.2%4.0%-0.7%-1.6M-43.8M-654.5K8.7021.151,0999,56226,66074,942
2020-07-23$65.26$65.0035.6%10.2%33.7%22.6%37.0%3.3%-0.5%-3.9M-14.0M-731.6K0.0522.352,66113927,47384,282
2020-07-24$64.44$65.0035.7%10.2%34.1%22.8%35.2%5.0%-0.5%-4.4M3.6M-764.3K0.7018.002,4881,73327,33784,310
2020-07-27$65.40$65.0035.2%10.1%34.3%22.0%35.0%3.2%-0.6%-4.0M-17.0M-743.8K0.0716.231,0337429,25085,283
2020-07-28$65.14$65.0034.7%10.0%34.4%21.3%34.9%3.6%-0.2%-3.9M-15.8M-746.4K0.1016.521,20211529,91985,260
2020-07-29$66.17$65.0033.3%9.5%34.7%19.1%33.8%2.5%-0.1%-3.7M-33.7M-696.4K0.3928.4827610729,83585,858
2020-07-30$65.97$65.0033.7%9.7%34.7%19.8%34.3%3.4%-0.1%-3.7M-28.9M-707.1K4.5519.693431,56229,82285,899
2020-07-31$66.85$65.0033.2%9.5%33.2%19.0%33.3%2.7%0.7%-3.2M-45.4M-681.5K0.5218.5244322930,03684,421