KWEB Options History — December 2021

In December 2021, KWEB traded between $33.99 and $43.61. ATM implied volatility averaged 48.7%, placing in the 54.8% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded above realized volatility by 1.2% (HV 20d: 47.5%). Max pain ranged from $39.42 to $50.00. Net GEX was positive for 18 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.47.

Notable Days

  • 2021-12-30: Highest Volume — 178,881 contracts
  • 2021-12-03: Largest IV spike — 22.9% change
  • 2021-12-03: Highest IV Rank — 82.9%
  • 2021-12-03: Largest Expected Move — 19.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.12$33.99$43.61$43.61$36.77
Max Pain$44.16$39.42$50.00$49.00$40.00
ATM IV48.7%44.2%59.9%47.5%50.0%
Expected Move14.2%13.0%19.4%14.8%14.5%
HV 20d47.5%35.7%70.7%36.2%70.6%
HV 60d44.9%40.6%52.8%41.1%52.8%
IV Rank54.8%43.4%82.9%51.9%58.0%
IV Percentile84.9%65.9%99.6%86.9%92.1%
Term Structure0.0%-1.7%1.6%0.7%-1.1%
VWIV49.7%45.1%67.3%50.4%51.2%
Skew 25d5.7%2.5%9.9%3.2%2.5%
Skew 10d9.3%2.7%13.8%7.3%2.7%
Call IV 25d46.7%41.6%56.8%46.5%50.1%
Put IV 25d52.4%47.2%66.8%49.7%52.5%
Bid-Ask Spread %10.371.9838.6912.8824.62
Gamma HHI0.070.050.080.060.06
Net GEX4.8M-2.4M14.0M6.1M14.0M
Net DEX213.2M-8.4M452.0M143.9M3.5M
Net VEX-5.3M-7.2M0-5.9M-7.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.470.110.930.360.35
Total Volume89,282.90931,559178,88181,59465,511
Total OI1,256,110.68201,724,1301,221,2341,724,130

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-12-01$43.61$49.0047.5%14.8%36.2%51.9%50.4%3.2%0.7%6.1M143.9M-5.9M0.3612.8859,94921,645912,118309,116
2021-12-02$42.87$45.0048.7%15.4%35.7%54.9%55.3%6.4%0.4%4.5M210.0M-5.8M0.9016.1982,11374,122933,240318,923
2021-12-03$39.83$45.0059.9%19.4%42.4%82.9%67.3%9.9%-0.6%2.4M446.7M-5.6M0.776.5981,95963,469969,263355,386
2021-12-06$41.22$50.0054.5%15.4%44.9%69.3%54.1%8.2%0.5%4.5M279.4M-5.8M0.7810.4069,87954,339945,978347,385
2021-12-07$43.16$45.0047.6%13.9%47.8%52.0%47.9%6.0%0.7%11.6M13.6M-6.3M0.236.0486,15019,969982,611353,063
2021-12-08$43.32$45.0046.1%13.6%47.9%48.2%46.8%6.4%0.7%11.3M9.3M-6.3M0.202.8785,83517,565972,320355,263
2021-12-09$42.71$45.0047.0%13.5%47.0%50.6%47.8%5.7%0.8%8.3M108.0M-6.0M0.1114.0075,2828,596986,822359,097
2021-12-10$43.05$45.0044.2%13.0%42.3%43.4%47.6%5.6%1.4%12.7M30.9M-6.4M0.3112.7452,79516,3391,026,368359,531
2021-12-13$41.95$44.0045.3%13.2%42.1%46.2%45.5%5.8%0.3%7.6M169.4M-5.9M0.253.9034,6028,7621,018,462338,882
2021-12-14$41.48$44.0046.2%13.5%42.1%48.5%47.0%6.3%1.6%5.9M202.0M-5.7M0.372.8023,0138,5461,023,802338,829
2021-12-15$40.35$44.0048.3%14.0%41.8%53.7%49.0%6.5%0.2%2.4M311.1M-5.4M0.6215.9139,68924,6141,024,083338,645
2021-12-16$39.67$44.0048.6%13.8%41.5%54.5%47.6%6.1%-0.5%-1.1M410.9M-4.9M0.554.1449,13727,2361,023,911347,848
2021-12-17$39.52$44.0048.8%13.9%40.7%55.1%49.5%6.7%-0.1%-2.4M442.0M-4.9M0.762.2645,68934,8601,017,665357,286
2021-12-20$37.44$44.0053.3%15.3%43.4%66.2%51.6%7.0%-1.0%-1.4M452.0M-4.3M0.931.9846,81443,767836,260325,173
2021-12-21$39.83$43.0047.9%13.7%50.8%52.8%47.7%6.3%0.1%1.2M244.7M-5.1M0.413.6686,58035,513853,242338,525
2021-12-22$39.22$43.0047.3%13.6%50.7%51.2%45.1%5.8%-0.0%1.7M277.7M-5.1M0.672.0732,75721,887898,231336,256
2021-12-23$38.87$43.0046.0%13.1%49.7%47.9%46.3%5.1%0.6%2.0M309.9M-5.0M0.6110.7345,21227,546904,007336,196
2021-12-27$38.64$43.0046.4%13.2%48.2%48.9%46.0%5.0%-0.2%2.1M314.0M-4.8M0.2112.4468,45214,676891,339329,525
2021-12-28$38.07$43.0047.2%13.4%48.2%51.0%46.5%4.1%-1.3%1.7M320.9M-4.7M0.368.0846,04916,640923,312332,908
2021-12-29$33.99$0.0049.2%14.2%61.0%56.0%48.9%3.6%-1.1%0000.3538.6950,36017,42500
2021-12-30$37.10$39.4251.8%15.1%70.7%62.7%53.6%2.9%-1.7%10.0M-8.4M-5.1M0.2615.10142,10236,779958,047331,387
2021-12-31$36.77$40.0050.0%14.5%70.6%58.0%51.2%2.5%-1.1%14.0M3.5M-7.2M0.3524.6248,45317,0581,265,561458,569