KWEB Options History — July 2021

In July 2021, KWEB traded between $47.53 and $68.44. ATM implied volatility averaged 41.6%, placing in the 47.4% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 1.2% (HV 20d: 40.4%). Max pain ranged from $58.00 to $70.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 1.00.

Notable Days

  • 2021-07-27: Highest Volume — 242,250 contracts
  • 2021-07-26: Largest IV spike — 47.1% change
  • 2021-07-26: Highest IV Rank — 100.0%
  • 2021-07-27: Largest Expected Move — 19.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$59.41$47.53$68.44$68.44$50.41
Max Pain$65.14$58.00$70.00$70.00$58.00
ATM IV41.6%31.8%66.7%31.8%51.1%
Expected Move11.6%9.1%19.1%9.1%15.5%
HV 20d40.4%21.0%68.8%21.0%68.8%
HV 60d33.8%26.9%46.7%26.9%46.7%
IV Rank47.4%18.3%100.0%18.3%60.9%
IV Percentile68.8%25.4%100.0%25.4%96.8%
Term Structure-2.1%-11.0%1.1%1.1%-1.2%
VWIV40.7%32.3%67.2%32.3%53.5%
Skew 25d4.1%0.5%10.9%0.5%5.2%
Skew 10d7.7%-6.2%23.9%1.5%6.3%
Call IV 25d39.1%31.5%63.1%32.2%50.2%
Put IV 25d43.2%32.7%74.0%32.7%55.4%
Bid-Ask Spread %25.136.4051.408.8213.38
Gamma HHI0.100.060.170.170.06
Net GEX1.5M-23.3M18.8M18.8M11.6M
Net DEX326.8M-134.0M622.8M-134.0M323.8M
Net VEX-3.5M-4.4M-2.0M-4.4M-3.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.000.173.880.541.14
Total Volume82,238.0486,578242,25013,09028,589
Total OI656,328.714485,086906,251485,086906,251

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-07-01$68.44$70.0031.8%9.1%21.0%18.3%32.3%0.5%1.1%18.8M-134.0M-4.4M0.548.828,5274,563352,196132,890
2021-07-02$66.76$70.0034.0%9.8%22.4%26.9%36.3%3.0%-0.8%10.4M24.7M-4.0M2.8424.5316,11145,682355,882136,505
2021-07-06$63.43$70.0039.7%10.1%27.5%48.1%36.2%2.5%-2.1%-9.0M355.1M-3.4M3.8821.3929,627115,075361,602170,724
2021-07-07$62.03$70.0038.5%10.2%28.2%43.7%35.6%3.1%-1.5%-23.3M532.3M-3.5M3.709.0926,02696,245369,538221,181
2021-07-08$60.06$69.0041.6%10.7%29.6%55.3%38.2%4.2%-2.5%-16.6M622.8M-3.2M2.9924.3028,51185,284381,756210,925
2021-07-09$62.43$66.0046.0%10.8%33.5%71.8%37.5%2.8%-2.0%-11.6M394.7M-3.9M0.2151.4088,90818,543399,837224,507
2021-07-12$61.75$66.0041.1%10.2%33.6%53.4%36.2%3.7%-1.7%-2.5M446.4M-3.6M0.5112.4429,05014,680464,724221,237
2021-07-13$63.88$66.0040.9%10.0%36.2%52.7%35.4%3.4%-1.6%6.5M184.2M-4.1M0.1714.3056,7539,374456,779220,372
2021-07-14$63.41$66.0034.5%9.9%35.8%28.6%34.4%2.9%-1.6%-9.9M267.5M-4.0M0.1928.9625,9614,962449,458222,688
2021-07-15$63.49$66.0034.1%9.8%35.7%27.0%34.0%2.6%-0.2%-11.9M264.4M-3.9M0.5810.234,1732,405452,950225,008
2021-07-16$61.70$66.0032.8%9.4%36.5%22.0%33.0%2.8%0.7%2.4M500.7M-3.4M0.2336.0568,31815,699454,385224,958
2021-07-19$60.34$63.0036.1%10.3%37.0%34.6%36.7%4.3%-0.7%10.8M202.9M-3.7M0.3115.9318,4845,701469,404176,669
2021-07-20$60.82$63.0034.4%9.9%37.2%28.2%34.8%3.5%-0.3%11.0M182.9M-3.6M0.497.0016,2867,989466,409176,772
2021-07-21$60.85$63.0033.6%9.6%37.3%25.1%33.5%3.5%-0.1%13.7M149.9M-3.6M0.6746.816,2014,137478,275175,453
2021-07-22$60.59$63.0032.1%9.2%36.2%19.8%32.8%3.2%0.6%14.2M175.2M-3.5M0.246.408,3201,957480,398174,086
2021-07-23$55.39$63.0040.0%11.5%45.4%49.3%39.4%4.8%-1.9%3.6M492.0M-2.6M0.3126.97140,38943,524481,089173,820
2021-07-26$50.10$63.0058.9%16.9%54.1%100.0%59.4%9.5%-8.2%518.8K572.0M-2.0M0.6746.2596,31264,463481,088173,808
2021-07-27$47.53$65.0066.7%19.1%55.0%100.0%67.2%10.9%-11.0%-2.2M618.1M-2.0M0.5937.19152,49489,756469,612193,877
2021-07-28$52.42$63.0055.1%15.8%68.7%70.8%55.6%4.6%-7.2%3.4M448.9M-3.1M0.3140.69121,63438,141529,709201,979
2021-07-29$51.84$59.0050.4%15.3%68.7%59.1%53.3%4.7%-0.9%12.2M237.6M-3.7M0.3945.6063,59724,548621,082243,020
2021-07-30$50.41$58.0051.1%15.5%68.8%60.9%53.5%5.2%-1.2%11.6M323.8M-3.7M1.1413.3813,39015,199655,583250,668