KWEB Options History — August 2020

In August 2020, KWEB traded between $65.52 and $71.85. ATM implied volatility averaged 33.8%, placing in the 19.8% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 3.3% (HV 20d: 30.5%). Max pain ranged from $65.00 to $67.00. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 1.11.

Notable Days

  • 2020-08-14: Highest Volume — 18,725 contracts
  • 2020-08-07: Largest IV spike — 17.4% change
  • 2020-08-10: Highest IV Rank — 26.8%
  • 2020-08-31: Largest Expected Move — 10.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$68.97$65.52$71.85$68.88$70.55
Max Pain$65.81$65.00$67.00$65.00$66.00
ATM IV33.8%31.4%38.2%32.9%36.5%
Expected Move9.6%9.0%10.5%9.4%10.5%
HV 20d30.5%28.1%33.4%32.5%28.1%
HV 60d31.4%28.9%33.7%32.3%29.0%
IV Rank19.8%16.0%26.8%18.4%24.0%
IV Percentile57.0%46.8%75.8%53.2%69.0%
Term Structure0.3%-1.2%1.9%-0.2%-1.2%
VWIV34.3%32.0%37.9%34.2%37.0%
Skew 25d3.4%1.5%4.7%2.1%2.8%
Skew 10d7.4%4.0%10.1%5.1%4.3%
Call IV 25d32.6%30.2%35.8%32.9%35.8%
Put IV 25d36.0%32.9%38.8%35.0%38.7%
Bid-Ask Spread %15.1210.3724.8719.0912.43
Gamma HHI0.080.060.130.080.07
Net GEX-994.6K-8.7M4.0M-1.9M2.0M
Net DEX-66.3M-109.9M11.3M-75.4M-92.4M
Net VEX-713.7K-792.3K-558.5K-620.8K-792.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.110.099.480.120.41
Total Volume4,986.4291,12418,7253,8041,792
Total OI119,015.71484,029142,908113,95995,728

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-08-03$68.88$65.0032.9%9.4%32.5%18.4%34.2%2.1%-0.2%-1.9M-75.4M-620.8K0.1219.093,38841629,47984,480
2020-08-04$69.69$65.0032.3%9.2%32.4%17.4%34.7%2.6%-0.4%-986.3K-85.4M-608.0K3.0410.696742,04929,71584,531
2020-08-05$71.08$65.0031.9%9.1%29.7%16.8%32.4%1.5%0.2%-185.0K-101.6M-570.9K0.3710.371,73263729,32185,702
2020-08-06$71.20$65.0031.4%9.0%28.7%16.0%33.5%3.6%1.9%21.6K-99.8M-558.5K0.4519.356,6823,03128,76285,860
2020-08-07$67.85$67.0036.8%10.2%33.4%24.6%35.9%4.1%-0.2%-2.9M-43.4M-721.8K0.5314.885,9043,10333,87988,733
2020-08-10$67.23$67.0038.2%10.3%32.6%26.8%37.9%4.6%-0.5%-3.8M-29.2M-750.3K2.1212.681,6203,44235,40891,268
2020-08-11$66.76$67.0037.1%10.1%31.6%25.1%34.8%4.7%0.1%-4.9M-16.7M-756.3K1.7517.872,4814,34635,80193,666
2020-08-12$67.63$67.0033.9%9.7%31.9%20.0%34.2%4.2%0.5%-4.0M-36.9M-787.8K9.4810.777547,14837,69097,751
2020-08-13$67.06$66.0033.6%9.6%30.1%19.6%34.1%4.3%1.0%-5.6M-27.7M-781.4K0.1115.111,01111337,82799,304
2020-08-14$65.52$66.0033.7%9.7%31.3%19.7%34.0%4.6%0.9%-8.7M11.3M-780.5K0.1518.8716,2742,45138,03499,384
2020-08-17$67.38$65.0033.3%9.5%32.1%19.0%33.3%3.8%0.9%-3.4M-52.3M-742.4K0.3716.191,81766740,610100,606
2020-08-18$68.49$65.0032.1%9.2%31.7%17.3%32.0%3.8%1.2%-186.8K-77.0M-729.3K0.2520.571,47736740,293100,432
2020-08-19$67.83$65.0031.7%9.1%30.0%16.6%32.3%3.6%1.8%-546.7K-65.2M-709.2K0.1016.932,01020040,567100,566
2020-08-20$68.20$65.0032.3%9.3%29.5%17.6%32.4%3.3%0.4%2.7M-77.7M-706.2K0.7813.041,6301,27641,155100,630
2020-08-21$68.51$66.0031.4%9.0%29.0%16.1%33.9%3.7%0.6%4.0M-85.7M-699.0K2.1614.711,5433,34041,396101,512
2020-08-24$69.58$66.0032.0%9.2%29.0%17.1%33.1%4.0%-0.3%490.7K-62.0M-691.3K0.3411.981,56053730,70853,321
2020-08-25$70.81$66.0033.3%9.5%29.3%19.1%33.5%2.2%-0.0%799.0K-76.3M-681.7K0.0924.878,89776631,01853,659
2020-08-26$71.17$66.0034.4%9.9%29.0%20.8%35.7%2.5%-0.6%1.8M-93.7M-743.8K0.2610.664,6081,19736,90354,371
2020-08-27$71.11$66.0035.5%10.2%29.0%22.5%36.0%2.4%-1.0%2.1M-96.2M-790.0K0.2612.361,66643839,36954,958
2020-08-28$71.85$66.0034.7%9.9%28.8%21.3%35.3%2.3%0.6%2.3M-109.9M-765.2K0.1414.171,46220939,71155,222
2020-08-31$70.55$66.0036.5%10.5%28.1%24.0%37.0%2.8%-1.2%2.0M-92.4M-792.3K0.4112.431,26852440,39355,335