KWEB Options History — March 2022

In March 2022, KWEB traded between $21.17 and $33.51. ATM implied volatility averaged 72.0%, placing in the 76.6% IV rank vs the trailing year. The 30-day expected move averaged 20.2%. IV traded below realized volatility by 34.8% (HV 20d: 106.8%). Max pain ranged from $31.00 to $35.00. Net GEX was positive for 20 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 0.54.

Notable Days

2022-03-16: Highest Volume — 688,021 contracts
2022-03-14: Largest IV spike — 23.5% change
2022-03-10: Highest IV Rank — 100.0%
2022-03-11: Largest Expected Move — 27.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$29.12	$21.17	$33.51	$33.51	$28.73
Max Pain	$32.95	$31.00	$35.00	$35.00	$32.00
ATM IV	72.0%	54.5%	99.3%	56.9%	61.8%
Expected Move	20.2%	16.2%	27.5%	16.8%	17.3%
HV 20d	106.8%	40.5%	160.2%	40.9%	160.2%
HV 60d	81.5%	56.2%	103.1%	58.0%	100.3%
IV Rank	76.6%	45.6%	100.0%	75.3%	48.2%
IV Percentile	97.3%	92.1%	100.0%	97.6%	93.3%
Term Structure	-1.5%	-6.1%	1.3%	-0.8%	-0.8%
VWIV	70.5%	56.1%	98.3%	58.6%	60.6%
Skew 25d	8.2%	4.4%	16.6%	5.7%	6.2%
Skew 10d	17.0%	8.2%	38.1%	11.4%	12.1%
Call IV 25d	68.9%	52.6%	94.2%	54.0%	59.5%
Put IV 25d	77.1%	57.0%	107.8%	59.7%	65.6%
Bid-Ask Spread %	7.27	2.86	29.22	3.84	4.70
Gamma HHI	0.04	0.03	0.05	0.04	0.04
Net GEX	14.7M	-2.6M	35.7M	9.5M	15.5M
Net DEX	-221.0M	-1.00B	489.9M	-76.5M	-208.9M
Net VEX	-6.3M	-8.9M	-3.3M	-5.7M	-6.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.54	0.17	1.26	0.41	0.47
Total Volume	176,369.565	36,439	688,021	36,439	93,793
Total OI	1,769,364.478	1,310,378	2,181,932	1,310,378	2,132,516

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2022-03-01	$33.51	$35.00	56.9%	16.8%	40.9%	75.3%	58.6%	5.7%	-0.8%	9.5M	-76.5M	-5.7M	0.41	3.84	25,854	10,585	959,441	350,937
2022-03-02	$33.09	$35.00	54.5%	16.2%	40.5%	69.5%	56.1%	4.4%	-0.7%	7.5M	-11.6M	-5.5M	0.32	3.42	28,268	9,070	964,029	354,150
2022-03-03	$31.30	$35.00	55.6%	16.6%	43.7%	72.2%	58.0%	4.7%	-1.5%	3.6M	152.6M	-5.0M	0.47	2.87	53,520	25,030	975,667	355,775
2022-03-04	$29.77	$35.00	60.7%	18.6%	46.1%	84.9%	65.2%	8.0%	-1.3%	4.0M	237.6M	-4.6M	1.26	3.30	40,298	50,906	1,006,936	363,663
2022-03-07	$28.34	$35.00	65.3%	20.8%	46.9%	96.5%	74.4%	8.8%	-0.9%	463.8K	307.2M	-4.2M	1.08	3.39	36,606	39,717	975,381	372,434
2022-03-08	$28.14	$34.00	65.0%	20.3%	46.7%	95.7%	72.7%	9.0%	-1.6%	27.4K	316.7M	-4.3M	0.75	3.65	38,021	28,474	992,849	383,818
2022-03-09	$29.53	$33.50	59.9%	18.6%	48.6%	83.0%	64.7%	8.7%	-0.5%	3.1M	216.1M	-4.7M	0.46	3.11	50,855	23,190	1,007,256	391,890
2022-03-10	$26.75	$33.50	67.9%	21.3%	53.9%	100.0%	75.6%	9.0%	-1.0%	-2.6M	392.5M	-4.0M	0.81	3.83	89,700	72,343	1,011,214	401,659
2022-03-11	$24.12	$33.50	80.4%	27.5%	61.8%	100.0%	98.3%	12.1%	-0.7%	-1.0M	469.2M	-3.8M	0.59	2.86	202,902	119,556	1,068,187	423,852
2022-03-14	$21.17	$32.42	99.3%	24.2%	72.7%	100.0%	87.5%	16.6%	-4.8%	-961.6K	489.9M	-3.3M	0.86	29.22	173,221	148,298	1,140,827	442,324
2022-03-15	$22.11	$32.42	98.0%	23.7%	76.6%	98.2%	81.5%	13.8%	-6.1%	964.2K	369.9M	-4.2M	0.57	6.42	191,370	108,244	1,241,116	496,177
2022-03-16	$30.92	$32.42	90.6%	22.2%	148.3%	88.0%	78.2%	5.2%	-4.7%	18.6M	-826.3M	-8.0M	0.17	17.68	586,464	101,557	1,356,403	518,533
2022-03-17	$28.49	$32.42	93.9%	23.1%	150.3%	92.6%	79.8%	6.6%	-5.0%	18.0M	-531.6M	-7.7M	0.36	13.84	205,611	73,707	1,531,884	535,969
2022-03-18	$30.89	$32.42	86.3%	22.2%	154.0%	82.0%	77.2%	11.2%	-3.5%	32.4M	-1.00B	-8.9M	0.38	10.43	197,693	75,281	1,608,607	554,982
2022-03-21	$28.80	$32.42	82.2%	22.0%	154.9%	76.4%	73.6%	8.3%	-0.1%	21.4M	-508.9M	-7.8M	0.30	7.79	122,529	36,420	1,517,173	495,815
2022-03-22	$31.15	$32.42	74.5%	20.8%	157.5%	65.7%	70.3%	8.5%	0.3%	31.9M	-906.6M	-8.8M	0.32	9.57	121,237	38,426	1,547,642	508,705
2022-03-23	$31.64	$32.42	73.1%	20.1%	157.6%	63.7%	71.0%	8.7%	1.3%	34.6M	-982.7M	-8.9M	0.35	10.90	131,246	45,431	1,555,804	519,793
2022-03-24	$30.55	$32.00	71.6%	20.0%	158.0%	61.7%	68.0%	7.4%	-0.5%	30.5M	-725.8M	-8.3M	0.34	4.00	133,943	44,937	1,578,799	538,317
2022-03-25	$29.15	$31.00	70.0%	19.7%	158.6%	59.6%	66.5%	7.4%	0.1%	21.0M	-426.5M	-7.6M	0.54	5.47	90,655	48,707	1,630,773	551,159
2022-03-28	$29.83	$31.00	66.3%	18.6%	158.9%	54.4%	65.1%	6.8%	-0.9%	26.2M	-515.5M	-7.7M	0.84	3.43	58,839	49,251	1,569,108	516,288
2022-03-29	$31.25	$31.00	62.6%	17.5%	159.9%	49.3%	60.5%	6.3%	-1.0%	35.7M	-770.5M	-8.2M	0.41	4.93	71,644	29,183	1,579,197	539,666
2022-03-30	$30.42	$32.00	59.9%	17.0%	160.1%	45.6%	58.4%	5.4%	-0.3%	28.7M	-541.0M	-7.6M	0.38	8.62	97,213	36,705	1,582,132	546,536
2022-03-31	$28.73	$32.00	61.8%	17.3%	160.2%	48.2%	60.6%	6.2%	-0.8%	15.5M	-208.9M	-6.9M	0.47	4.70	63,637	30,156	1,576,576	555,940