KWEB Options History — November 2021

In November 2021, KWEB traded between $44.19 and $51.94. ATM implied volatility averaged 45.0%, placing in the 45.6% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded above realized volatility by 2.1% (HV 20d: 42.9%). Max pain ranged from $47.50 to $50.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.52.

Notable Days

  • 2021-11-16: Highest Volume — 145,438 contracts
  • 2021-11-26: Largest IV spike — 10.5% change
  • 2021-11-26: Highest IV Rank — 57.2%
  • 2021-11-26: Largest Expected Move — 14.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.42$44.19$51.94$50.13$44.19
Max Pain$49.60$47.50$50.00$47.50$49.00
ATM IV45.0%42.8%49.7%43.0%47.3%
Expected Move13.1%12.5%14.7%12.8%14.4%
HV 20d42.9%37.6%46.8%45.4%37.6%
HV 60d46.0%42.0%49.2%49.0%42.1%
IV Rank45.6%40.1%57.2%40.5%51.3%
IV Percentile76.6%64.7%92.1%67.5%84.5%
Term Structure-0.3%-1.3%1.2%-0.1%0.3%
VWIV46.3%43.5%52.5%46.4%50.7%
Skew 25d2.1%-0.1%3.6%2.9%3.6%
Skew 10d4.0%-3.0%8.3%6.6%8.3%
Call IV 25d44.7%42.1%49.6%42.2%45.8%
Put IV 25d46.8%44.4%52.1%45.1%49.4%
Bid-Ask Spread %9.943.3044.3130.837.83
Gamma HHI0.080.060.110.090.07
Net GEX27.6M4.7M56.2M32.1M8.9M
Net DEX-392.8M-985.8M92.5M-531.9M92.5M
Net VEX-7.1M-7.8M-6.1M-7.3M-6.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.171.050.850.42
Total Volume73,481.8136,784145,43883,57966,101
Total OI1,225,919.191,172,6831,424,1701,179,7601,211,786

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-11-01$50.13$47.5043.0%12.8%45.4%40.5%46.4%2.9%-0.1%32.1M-531.9M-7.3M0.8530.8345,09738,482845,240334,520
2021-11-02$48.43$47.5043.6%12.9%46.7%42.1%45.0%3.0%-0.3%22.5M-296.9M-7.0M0.8844.3123,41820,574857,069326,642
2021-11-03$49.10$47.5043.5%12.8%46.8%41.8%44.3%3.0%-0.1%26.4M-389.5M-7.1M0.459.1830,64813,780858,037329,936
2021-11-04$47.78$50.0043.5%12.6%41.5%41.8%44.0%3.0%-0.1%15.9M-179.7M-6.5M0.604.0226,71816,158864,314331,783
2021-11-05$46.99$50.0044.2%12.7%41.0%43.6%44.4%3.2%-0.3%4.7M-41.0M-6.3M0.5917.6356,55433,507867,655336,515
2021-11-08$47.98$50.0044.3%12.9%41.9%43.9%44.9%3.0%0.4%23.4M-247.4M-6.5M0.545.9227,59814,776863,137328,522
2021-11-09$47.85$50.0044.2%12.8%41.6%43.5%44.6%3.1%0.5%23.0M-231.1M-6.6M0.596.1323,11813,666868,083330,145
2021-11-10$48.83$50.0044.7%12.9%40.2%44.7%45.2%2.7%0.4%32.7M-406.4M-6.9M0.415.6250,59820,625882,390332,947
2021-11-11$51.36$50.0043.8%12.7%43.9%42.5%44.5%2.7%0.8%56.2M-889.4M-7.5M0.454.2167,69830,752886,423337,311
2021-11-12$51.94$50.0042.8%12.5%44.0%40.1%43.5%2.3%1.2%50.0M-985.8M-7.6M0.265.2087,08422,281885,281341,919
2021-11-15$51.29$50.0044.4%12.8%44.2%43.9%44.9%2.3%-0.4%47.2M-818.8M-7.5M0.587.7137,52921,740891,829332,056
2021-11-16$51.72$50.0045.0%12.9%41.9%45.4%45.7%0.5%-0.7%51.6M-937.0M-7.7M0.1712.07124,68120,757893,927334,958
2021-11-17$50.27$50.0045.1%12.9%42.7%45.8%45.6%0.2%-1.1%45.7M-739.7M-7.8M0.337.5581,60426,732980,245334,302
2021-11-18$48.57$50.0045.9%13.2%44.2%47.8%46.1%1.1%-0.5%28.1M-437.9M-7.7M0.668.2777,84151,6741,025,986344,069
2021-11-19$48.36$50.0045.8%13.2%44.1%47.4%46.6%0.9%-0.7%27.4M-427.8M-7.7M0.373.3053,66220,0821,055,030369,140
2021-11-22$47.49$50.0045.9%13.3%44.2%47.8%47.9%1.0%-0.9%21.5M-282.5M-7.4M0.287.1945,97112,718875,668297,015
2021-11-23$46.60$50.0046.7%13.6%40.9%49.7%47.6%0.7%-1.1%16.2M-170.3M-7.1M0.375.0134,83112,813886,349301,474
2021-11-24$47.47$50.0044.9%13.2%41.6%45.3%47.9%-0.1%-1.1%21.4M-297.3M-7.4M0.835.1033,97928,215899,583306,530
2021-11-26$45.50$50.0049.7%14.7%44.0%57.2%52.5%2.5%-1.3%12.3M-42.4M-6.7M1.056.6827,15428,602902,484301,882
2021-11-29$44.96$50.0047.1%14.2%42.1%50.8%50.4%2.9%-0.3%11.9M12.4M-6.4M0.264.9558,26715,033888,169303,952
2021-11-30$44.19$49.0047.3%14.4%37.6%51.3%50.7%3.6%0.3%8.9M92.5M-6.1M0.427.8346,51419,587905,973305,813