KWEB Options History — April 2021

In April 2021, KWEB traded between $73.45 and $79.99. ATM implied volatility averaged 35.5%, placing in the 30.7% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded below realized volatility by 4.9% (HV 20d: 40.5%). Max pain ranged from $76.00 to $80.00. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.90.

Notable Days

  • 2021-04-22: Highest Volume — 43,541 contracts
  • 2021-04-14: Largest IV drop — 14.2% change
  • 2021-04-12: Highest IV Rank — 64.5%
  • 2021-04-01: Largest Expected Move — 12.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$76.30$73.45$79.99$78.47$75.17
Max Pain$78.81$76.00$80.00$76.00$78.00
ATM IV35.5%29.0%44.3%43.0%29.9%
Expected Move9.7%8.3%12.3%12.3%8.6%
HV 20d40.5%27.6%60.3%60.3%28.5%
HV 60d45.9%43.9%47.9%47.8%43.9%
IV Rank30.7%5.8%64.5%57.4%9.3%
IV Percentile40.5%1.6%92.5%85.7%5.2%
Term Structure-0.5%-3.8%1.1%-3.8%0.9%
VWIV34.4%29.5%44.0%44.0%32.0%
Skew 25d2.2%1.0%3.5%3.5%1.7%
Skew 10d4.6%1.7%6.7%3.6%4.0%
Call IV 25d33.5%28.5%42.8%42.8%29.7%
Put IV 25d35.7%30.2%46.3%46.3%31.4%
Bid-Ask Spread %23.867.7148.5927.4017.21
Gamma HHI0.140.070.280.110.10
Net GEX-4.7M-40.8M13.4M2.2M6.1M
Net DEX38.3M-167.3M280.6M-49.1M-14.3M
Net VEX-2.0M-2.3M-1.8M-2.1M-2.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.900.063.601.080.72
Total Volume17,768.9052,75043,54138,4326,654
Total OI233,844.095157,868301,055249,595207,757

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-04-01$78.47$76.0043.0%12.3%60.3%57.4%44.0%3.5%-3.8%2.2M-49.1M-2.1M1.0827.4018,49919,933121,376128,219
2021-04-05$77.94$80.0043.0%11.0%60.3%59.5%39.3%3.0%-2.1%-5.0M23.3M-2.1M1.3517.774,7036,335115,427137,622
2021-04-06$79.99$80.0042.9%10.9%55.0%59.1%38.7%2.6%-1.6%-983.6K-71.8M-2.1M0.099.6421,1441,901117,920144,026
2021-04-07$76.70$80.0043.1%10.9%49.6%59.9%37.9%3.2%-2.1%-10.2M97.6M-2.0M0.1413.2219,7962,865128,390145,029
2021-04-08$77.65$80.0038.7%10.3%49.0%43.2%36.3%2.8%-1.2%-7.5M21.9M-2.0M0.4136.893,0901,266119,807141,166
2021-04-09$75.90$80.0040.1%10.4%43.0%48.3%37.0%3.4%-1.1%-14.0M117.7M-1.9M3.6030.555,27318,966120,965141,315
2021-04-12$74.88$80.0044.3%10.6%41.9%64.5%37.3%3.1%-1.8%-27.9M240.1M-1.8M0.8133.176,4275,201123,359153,560
2021-04-13$75.21$80.0042.6%10.5%42.0%58.0%37.2%1.8%-1.9%-28.5M211.4M-1.9M0.359.3122,2507,744124,843153,880
2021-04-14$74.11$80.0036.5%10.5%41.5%34.8%37.1%1.8%-1.8%-37.0M280.6M-1.9M3.3413.447,00223,365139,298154,876
2021-04-15$74.15$80.0034.9%10.0%41.6%28.3%36.1%1.5%-0.4%-40.8M279.8M-1.8M1.2128.224,9506,003143,795151,988
2021-04-16$74.80$80.0032.1%9.2%41.6%17.8%32.8%1.4%0.5%-4.1M220.3M-1.8M2.7340.596,16416,809145,339155,716
2021-04-19$74.30$80.0033.7%9.7%40.8%24.0%34.9%1.0%-0.3%2.0M28.5M-1.8M0.0735.8619,6821,32695,09266,983
2021-04-20$73.45$80.0032.3%9.3%40.8%18.4%31.5%2.9%0.5%3.3M43.9M-1.8M0.0623.3433,8711,965111,48867,342
2021-04-21$74.80$78.0030.5%8.7%41.1%11.6%30.9%2.3%1.0%5.7M837.6K-1.9M0.4914.091,842908112,40267,045
2021-04-22$76.03$78.0030.4%8.7%28.3%11.2%30.6%2.1%0.9%3.1M-9.1M-1.8M0.4616.5729,88713,65490,75067,118
2021-04-23$77.76$77.0029.8%8.6%29.2%9.0%30.0%2.1%0.6%9.6M-116.5M-2.2M0.0912.699,412883116,33979,996
2021-04-26$77.44$77.0030.0%8.6%29.2%9.8%30.3%1.5%0.7%11.0M-116.3M-2.2M0.1148.594,161464122,32179,964
2021-04-27$78.24$77.0029.9%8.6%29.0%9.4%29.8%1.7%0.8%11.8M-144.2M-2.2M0.7346.926,2234,549122,82880,016
2021-04-28$78.74$77.0029.0%8.3%27.6%5.8%30.1%1.7%1.1%13.4M-167.3M-2.3M0.887.712,0761,831125,42881,452
2021-04-29$76.58$77.0029.2%8.4%29.5%6.5%29.5%1.5%0.9%9.3M-73.2M-2.2M0.1517.833,529544125,60182,888
2021-04-30$75.17$78.0029.9%8.6%28.5%9.3%32.0%1.7%0.9%6.1M-14.3M-2.1M0.7217.213,8792,775124,81182,946