KWEB Options History — May 2021

In May 2021, KWEB traded between $66.34 and $74.23. ATM implied volatility averaged 34.5%, placing in the 26.8% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded above realized volatility by 5.0% (HV 20d: 29.5%). Max pain ranged from $70.00 to $78.00. Net GEX was positive for 3 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 1.33.

Notable Days

  • 2021-05-10: Highest Volume — 36,284 contracts
  • 2021-05-10: Largest IV spike — 22.9% change
  • 2021-05-11: Highest IV Rank — 51.2%
  • 2021-05-12: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$70.41$66.34$74.23$74.23$70.37
Max Pain$72.00$70.00$78.00$78.00$70.00
ATM IV34.5%28.9%40.8%31.4%28.9%
Expected Move9.7%8.3%10.9%9.0%8.3%
HV 20d29.5%21.5%33.5%28.7%30.3%
HV 60d43.6%41.6%44.5%43.9%41.6%
IV Rank26.8%5.4%51.2%14.9%5.4%
IV Percentile38.4%1.2%78.2%13.1%1.2%
Term Structure-1.5%-3.7%0.3%-0.3%0.3%
VWIV34.7%29.1%40.3%32.7%29.1%
Skew 25d3.2%1.4%5.3%1.8%1.5%
Skew 10d6.4%2.3%10.8%3.4%2.3%
Call IV 25d33.0%28.8%36.6%31.1%28.8%
Put IV 25d36.2%30.3%41.9%32.9%30.3%
Bid-Ask Spread %15.145.3240.215.3210.06
Gamma HHI0.110.070.270.090.11
Net GEX-3.8M-10.8M3.9M3.9M-645.1K
Net DEX111.3M21.4M249.9M21.4M36.5M
Net VEX-2.0M-2.3M-1.7M-2.1M-2.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.330.125.671.020.12
Total Volume10,186.61,82736,2845,1103,823
Total OI225,004.8186,861259,412209,914199,309

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-05-03$74.23$78.0031.4%9.0%28.7%14.9%32.7%1.8%-0.3%3.9M21.4M-2.1M1.025.322,5272,583126,14483,770
2021-05-04$72.83$77.0035.1%10.1%27.2%29.3%38.2%3.6%-2.2%1.6M65.0M-2.0M5.4116.733,30517,886127,28683,223
2021-05-05$72.58$77.0034.1%9.8%23.4%25.4%34.4%3.2%-1.8%-2.3M92.5M-2.0M1.1840.211,6441,935127,83595,633
2021-05-06$72.33$75.0034.0%9.2%22.7%24.9%32.8%2.8%-1.0%-3.2M101.7M-2.0M2.3410.953,0917,244128,64696,464
2021-05-07$72.24$75.0032.5%8.9%21.5%19.3%31.0%2.9%-0.8%-4.9M112.6M-2.0M0.2110.723,516733130,245101,545
2021-05-10$68.63$75.0040.0%9.9%27.4%48.0%36.2%3.4%-2.1%-10.8M234.8M-1.8M1.8418.0012,77423,510131,632101,010
2021-05-11$69.60$73.0040.8%10.2%28.0%51.2%36.9%4.0%-2.3%-6.8M170.8M-2.0M5.6711.653,38819,211138,243101,197
2021-05-12$68.69$70.0038.1%10.9%28.0%40.8%40.3%5.3%-3.7%-4.8M180.5M-1.9M1.3912.731,5502,151139,85491,665
2021-05-13$66.34$70.0037.8%10.8%30.0%39.7%37.9%5.2%-3.5%-7.4M249.9M-1.7M0.4825.645,9712,841140,18992,556
2021-05-14$68.38$70.0035.1%10.1%32.2%29.4%34.6%4.6%-1.9%-7.8M202.2M-1.9M1.2620.345,5226,983141,25993,560
2021-05-17$68.99$70.0035.9%10.3%32.6%32.2%38.1%4.5%-2.1%-6.9M181.2M-1.9M2.817.122,2436,305143,76396,294
2021-05-18$70.38$70.0034.6%9.9%33.5%27.5%34.9%3.7%-1.7%-7.0M143.8M-2.0M0.1318.5912,9061,664144,531101,049
2021-05-19$70.10$70.0036.7%10.5%32.6%35.4%37.1%3.8%-2.4%-4.1M115.6M-2.2M0.3014.919,9073,010156,06798,741
2021-05-20$71.49$70.0035.3%10.1%32.9%30.0%35.4%3.4%-1.3%-1.9M55.5M-2.3M0.3612.623,9541,434158,11399,104
2021-05-21$70.12$70.0034.1%9.8%31.9%25.6%34.1%2.9%-0.7%-10.7M100.5M-2.2M0.5024.915,4152,687160,00299,410
2021-05-24$69.76$70.0031.9%9.1%31.9%16.9%32.5%2.4%-1.0%-1.9M60.8M-2.1M0.2417.703,953931110,91575,946
2021-05-25$70.63$70.0032.1%9.2%32.0%17.8%33.9%2.0%-0.7%-391.4K31.2M-2.2M0.317.489,0212,774113,52276,633
2021-05-26$70.32$70.0031.1%8.9%31.8%14.0%32.9%1.9%-0.4%530.5K29.7M-2.2M0.807.341,9481,565120,06176,700
2021-05-27$70.19$70.0029.7%8.5%30.7%8.6%30.4%1.4%0.3%-302.2K40.4M-2.2M0.219.801,511316121,03976,941
2021-05-28$70.37$70.0028.9%8.3%30.3%5.4%29.1%1.5%0.3%-645.1K36.5M-2.2M0.1210.063,423400122,13777,172