KWEB Options History — February 2022

In February 2022, KWEB traded between $33.39 and $38.38. ATM implied volatility averaged 53.0%, placing in the 65.6% IV rank vs the trailing year. The 30-day expected move averaged 15.3%. IV traded below realized volatility by 3.1% (HV 20d: 56.1%). Max pain ranged from $35.00 to $37.42. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.54.

Notable Days

  • 2022-02-02: Highest Volume — 144,334 contracts
  • 2022-02-15: Largest IV drop — 7.9% change
  • 2022-02-24: Highest IV Rank — 74.5%
  • 2022-02-28: Largest Expected Move — 16.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.10$33.39$38.38$37.54$33.39
Max Pain$35.73$35.00$37.42$37.42$35.00
ATM IV53.0%49.2%56.5%53.5%56.0%
Expected Move15.3%14.1%16.8%16.1%16.8%
HV 20d56.1%53.1%60.8%60.8%54.0%
HV 60d57.4%56.4%58.5%56.9%58.1%
IV Rank65.6%56.0%74.5%67.0%73.2%
IV Percentile90.9%78.2%97.2%95.2%96.4%
Term Structure-0.4%-1.5%0.3%-0.9%-1.3%
VWIV53.0%48.6%58.3%56.2%58.3%
Skew 25d5.1%2.9%6.6%2.9%4.6%
Skew 10d11.0%6.2%14.3%6.2%10.6%
Call IV 25d50.9%47.2%54.9%52.7%54.0%
Put IV 25d56.0%51.4%60.8%55.6%58.6%
Bid-Ask Spread %4.122.0411.702.343.91
Gamma HHI0.040.030.050.050.04
Net GEX24.7M7.0M43.4M31.9M9.0M
Net DEX-356.1M-766.1M-12.1M-587.9M-44.2M
Net VEX-6.9M-8.0M-5.8M-7.4M-5.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.540.211.031.010.60
Total Volume68,961.10539,134144,33473,66955,191
Total OI1,413,114.5791,242,6231,531,3401,343,6571,295,176

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-02-01$37.54$37.4253.5%16.1%60.8%67.0%56.2%2.9%-0.9%31.9M-587.9M-7.4M1.012.3436,70236,9671,031,320312,337
2022-02-02$36.65$37.4252.5%15.7%59.3%64.5%53.1%4.1%-0.6%27.4M-425.3M-7.2M0.522.0495,15549,1791,050,160338,543
2022-02-03$35.91$35.0053.3%15.1%58.6%66.4%52.9%4.4%-0.0%22.1M-328.9M-7.2M0.953.2924,80023,6471,066,548378,397
2022-02-04$36.57$35.0051.8%14.7%57.1%62.6%51.9%4.1%-0.1%26.1M-436.4M-7.5M1.033.4827,79328,6961,073,525385,636
2022-02-07$35.60$35.0053.1%15.0%57.1%65.9%51.7%4.8%-0.7%20.5M-254.6M-6.9M0.583.2131,45718,1731,055,369376,236
2022-02-08$36.86$35.0050.7%14.6%58.5%59.8%50.4%4.7%0.1%29.7M-450.8M-7.4M0.238.8454,52112,3931,068,290380,742
2022-02-09$38.38$35.0049.2%14.1%57.2%56.0%48.9%3.5%0.1%43.4M-766.1M-8.0M0.453.0159,71026,7301,094,212383,125
2022-02-10$37.77$35.0050.7%14.5%57.1%59.7%50.3%4.1%0.1%40.1M-650.4M-7.8M0.513.6035,16717,8241,095,348388,489
2022-02-11$36.47$35.0054.6%15.7%54.3%69.6%53.5%6.2%0.1%28.1M-378.1M-7.3M0.354.3965,85323,2371,097,777392,197
2022-02-14$36.27$36.0055.6%16.0%54.0%72.2%53.8%6.3%-1.5%22.9M-328.0M-7.0M0.483.8230,45714,7441,077,532383,174
2022-02-15$37.63$36.0051.2%14.7%55.1%61.1%51.4%6.3%0.3%36.3M-557.0M-7.5M0.353.7231,24310,9541,091,488387,568
2022-02-16$37.86$36.0049.4%14.2%54.9%56.5%48.6%5.4%-0.6%41.0M-594.9M-7.4M0.473.1726,56812,5661,104,662388,981
2022-02-17$37.57$36.0050.8%14.6%53.1%60.1%50.0%6.2%0.2%37.3M-524.9M-7.3M0.2111.7075,74416,1871,108,749389,891
2022-02-18$35.73$36.0053.2%15.3%54.5%66.0%53.9%5.4%-0.3%17.5M-200.4M-6.6M0.423.4379,70233,1861,135,544395,796
2022-02-22$34.18$36.0055.5%16.1%55.8%71.8%54.3%6.6%-0.7%9.5M-68.0M-5.8M0.443.7630,38913,482910,697331,926
2022-02-23$33.67$36.0056.2%16.4%55.9%73.5%55.9%5.9%-0.5%7.0M-12.1M-5.8M0.303.3558,69717,811922,564346,563
2022-02-24$33.79$36.0056.5%16.7%54.7%74.5%57.6%5.9%-0.8%9.0M-70.2M-6.0M0.633.6545,32728,377953,999342,324
2022-02-25$34.02$36.0053.0%15.4%53.6%65.7%54.0%5.0%-0.4%10.8M-86.8M-6.0M0.753.6035,26726,365963,718350,574
2022-02-28$33.39$35.0056.0%16.8%54.0%73.2%58.3%4.6%-1.3%9.0M-44.2M-5.8M0.603.9134,54920,642947,830347,346