KWEB Options History — August 2021

In August 2021, KWEB traded between $43.66 and $51.59. ATM implied volatility averaged 47.6%, placing in the 52.1% IV rank vs the trailing year. The 30-day expected move averaged 13.9%. IV traded below realized volatility by 17.9% (HV 20d: 65.5%). Max pain ranged from $45.00 to $60.00. Net GEX was positive for 17 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.69.

Notable Days

  • 2021-08-19: Highest Volume — 155,915 contracts
  • 2021-08-19: Largest IV spike — 8.7% change
  • 2021-08-19: Highest IV Rank — 66.3%
  • 2021-08-03: Largest Expected Move — 15.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.46$43.66$51.59$51.59$50.70
Max Pain$49.86$45.00$60.00$60.00$46.00
ATM IV47.6%41.9%53.3%49.8%45.6%
Expected Move13.9%12.1%15.4%15.2%13.5%
HV 20d65.5%56.0%70.6%70.0%56.0%
HV 60d49.0%46.7%54.1%47.1%53.6%
IV Rank52.1%37.6%66.3%57.7%46.9%
IV Percentile91.0%79.4%98.0%95.2%86.5%
Term Structure-0.7%-1.9%0.7%-1.0%-0.3%
VWIV49.5%44.4%56.4%53.7%47.8%
Skew 25d5.7%4.1%7.8%5.2%5.9%
Skew 10d11.5%8.4%16.5%10.7%12.3%
Call IV 25d45.7%40.2%51.3%47.8%43.5%
Put IV 25d51.4%44.7%59.1%53.0%49.4%
Bid-Ask Spread %15.464.9833.6719.7723.79
Gamma HHI0.070.060.130.060.08
Net GEX7.0M-4.4M16.4M10.0M16.4M
Net DEX258.7M-369.7M710.4M276.7M-369.7M
Net VEX-3.9M-5.5M-2.7M-3.9M-5.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.211.970.580.46
Total Volume54,577.95519,819155,91525,72239,303
Total OI885,937.727599,8671,043,001904,343771,933

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-08-02$51.59$60.0049.8%15.2%70.0%57.7%53.7%5.2%-1.0%10.0M276.7M-3.9M0.5819.7716,2699,453640,404263,939
2021-08-03$49.60$60.0050.9%15.4%69.3%60.2%53.5%5.5%-1.9%6.7M420.8M-3.6M0.269.0834,5279,032644,271266,994
2021-08-04$50.55$60.0049.3%14.9%70.1%56.3%51.9%5.3%-1.4%9.3M348.4M-3.9M0.8915.2016,35214,509652,910270,254
2021-08-05$49.27$50.0048.7%13.6%69.8%54.8%47.2%5.6%-1.2%7.7M427.4M-3.6M0.4116.6828,51711,640666,638271,043
2021-08-06$48.67$50.0047.5%13.3%67.4%51.9%48.1%4.6%-1.3%5.9M487.3M-3.5M1.9733.6710,95821,549670,840276,325
2021-08-09$50.51$50.0045.8%12.9%69.7%47.5%45.4%4.5%-0.5%10.9M359.7M-3.7M0.4812.1926,55412,858668,789278,272
2021-08-10$50.90$50.0044.0%12.5%68.1%43.0%47.7%4.1%-0.3%11.6M351.5M-3.7M0.749.0914,45410,729673,491292,022
2021-08-11$50.73$50.0042.6%12.2%68.1%39.5%47.8%4.3%0.1%12.9M357.5M-3.7M0.795.8511,0468,773683,734292,971
2021-08-12$49.30$50.0042.3%12.2%68.2%38.7%44.5%4.3%0.7%6.9M490.7M-3.5M0.425.7923,3699,750690,709294,192
2021-08-13$48.14$50.0041.9%12.1%68.1%37.6%44.4%4.5%0.4%1.0M571.9M-3.2M0.925.0915,29414,001690,571293,186
2021-08-16$46.28$50.0045.1%12.9%68.7%45.7%44.9%5.3%-1.0%-2.1M656.3M-2.9M0.815.7418,35614,794693,173289,634
2021-08-17$44.83$50.0047.3%13.6%68.5%51.4%46.2%6.4%-0.6%-4.4M710.4M-2.7M1.145.1027,93931,741701,867291,924
2021-08-18$45.86$50.0049.0%14.0%69.7%55.6%50.1%6.8%-0.8%-2.4M559.7M-3.1M0.2132.8645,0779,499707,792273,553
2021-08-19$43.66$50.0053.3%15.3%70.6%66.3%56.4%7.8%-0.7%-3.7M631.2M-3.0M1.2628.4669,00386,912724,168284,393
2021-08-20$43.98$47.0052.8%15.2%65.5%65.0%55.1%7.3%-1.4%-1.3M581.1M-3.1M0.8732.3560,04452,360756,165286,836
2021-08-23$45.49$46.0051.8%15.3%58.2%62.7%54.9%6.7%-0.9%3.9M84.9M-3.8M0.5722.5140,06922,669393,290206,577
2021-08-24$50.50$46.0049.0%14.4%67.2%55.5%50.8%6.0%-0.8%13.2M-333.0M-4.8M0.438.21102,53843,952423,339233,086
2021-08-25$49.50$45.0048.4%14.2%57.4%54.1%51.6%6.0%-0.9%13.9M-313.0M-4.9M0.425.8144,79618,770448,473249,387
2021-08-26$48.81$45.0048.9%14.4%57.5%55.3%50.8%6.6%-1.0%13.4M-220.0M-4.9M0.597.8841,62724,472470,785274,649
2021-08-27$48.33$46.0047.0%13.9%56.8%50.4%49.0%6.2%-0.5%13.0M-194.2M-5.1M0.674.9817,78711,843492,806278,917
2021-08-30$49.00$46.0047.0%14.0%56.3%50.5%48.2%6.4%-0.6%11.2M-194.4M-5.2M0.3330.0943,17014,360478,845277,483
2021-08-31$50.70$46.0045.6%13.5%56.0%46.9%47.8%5.9%-0.3%16.4M-369.7M-5.5M0.4623.7926,89812,405490,001281,932