KWEB Options History — April 2022

In April 2022, KWEB traded between $24.77 and $32.42. ATM implied volatility averaged 63.6%, placing in the 50.7% IV rank vs the trailing year. The 30-day expected move averaged 18.4%. IV traded below realized volatility by 36.5% (HV 20d: 100.1%). Max pain ranged from $28.00 to $32.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.50.

Notable Days

2022-04-21: Highest Volume — 224,895 contracts
2022-04-21: Largest IV spike — 10.8% change
2022-04-26: Highest IV Rank — 62.2%
2022-04-29: Largest Expected Move — 21.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$27.82	$24.77	$32.42	$30.12	$28.34
Max Pain	$30.65	$28.00	$32.00	$32.00	$28.00
ATM IV	63.6%	57.2%	71.9%	61.5%	71.6%
Expected Move	18.4%	16.4%	21.7%	17.3%	21.7%
HV 20d	100.1%	57.3%	162.1%	160.2%	61.4%
HV 60d	100.7%	99.3%	101.8%	100.7%	100.6%
IV Rank	50.7%	41.8%	62.2%	47.7%	61.7%
IV Percentile	92.1%	86.1%	96.4%	92.9%	95.6%
Term Structure	-0.4%	-3.6%	8.7%	-1.5%	-3.6%
VWIV	64.3%	57.0%	77.1%	59.4%	77.1%
Skew 25d	4.5%	2.5%	6.5%	5.1%	3.4%
Skew 10d	8.5%	5.0%	12.6%	11.2%	5.0%
Call IV 25d	62.8%	56.1%	72.2%	60.1%	72.2%
Put IV 25d	67.3%	59.7%	76.1%	65.2%	75.6%
Bid-Ask Spread %	4.66	2.62	13.92	3.71	3.43
Gamma HHI	0.05	0.04	0.21	0.05	0.04
Net GEX	13.4M	1.4M	30.5M	23.9M	19.3M
Net DEX	-132.3M	-869.0M	307.7M	-476.4M	-384.6M
Net VEX	-6.5M	-8.3M	-5.1M	-7.6M	-7.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.50	0.30	1.27	0.49	0.42
Total Volume	111,045.7	43,520	224,895	102,556	187,345
Total OI	2,050,156.55	1,927,926	2,176,838	2,148,113	2,032,548

Daily Data (20 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
2022-04-01	$30.12	$32.00	61.5%	17.3%	160.2%	47.7%	59.4%	5.1%	-1.5%	23.9M	-476.4M	-7.6M	0.49	3.71	68,654	33,902	1,580,253	567,860
2022-04-04	$32.42	$32.00	59.6%	16.7%	161.1%	45.2%	57.7%	4.8%	-0.7%	30.5M	-869.0M	-8.3M	0.37	10.05	108,866	40,023	1,491,166	534,575
2022-04-05	$30.95	$32.00	60.6%	17.1%	162.1%	46.6%	59.5%	5.2%	-0.2%	24.0M	-580.4M	-7.8M	0.36	3.32	69,343	25,244	1,525,016	544,145
2022-04-06	$30.17	$32.00	62.7%	17.8%	161.6%	49.4%	61.9%	6.2%	-1.2%	19.2M	-441.0M	-7.5M	0.43	6.47	60,169	25,978	1,546,772	550,729
2022-04-07	$29.14	$32.00	63.5%	18.0%	157.9%	50.6%	63.0%	6.5%	-0.7%	15.4M	-273.4M	-7.1M	0.61	2.96	69,166	42,433	1,567,212	555,049
2022-04-08	$28.90	$32.00	61.0%	17.3%	152.8%	47.1%	58.8%	5.5%	-0.6%	13.6M	-228.1M	-7.1M	0.30	3.63	81,645	24,821	1,596,859	575,785
2022-04-11	$28.43	$31.00	63.6%	18.2%	144.2%	50.7%	62.4%	3.9%	0.1%	12.5M	-181.1M	-6.8M	0.31	3.87	62,287	19,094	1,559,091	554,598
2022-04-12	$28.02	$31.00	61.7%	17.7%	144.1%	48.1%	61.9%	4.3%	0.2%	11.5M	-93.9M	-6.4M	0.58	3.02	46,101	26,956	1,602,268	557,284
2022-04-13	$28.88	$31.00	60.9%	17.6%	79.4%	46.9%	62.4%	4.0%	0.4%	15.2M	-273.6M	-7.0M	0.39	2.99	67,637	26,263	1,610,264	563,417
2022-04-14	$27.97	$31.00	59.1%	17.0%	74.7%	44.5%	59.4%	2.5%	0.4%	28.6M	-73.9M	-6.5M	0.49	3.78	87,516	42,582	1,611,221	565,617
2022-04-18	$27.28	$31.00	58.4%	16.7%	68.5%	43.5%	57.7%	4.4%	0.2%	5.9M	105.4M	-5.6M	0.34	13.92	87,344	29,324	1,444,953	494,487
2022-04-19	$27.42	$31.00	57.2%	16.4%	64.3%	41.8%	57.0%	3.6%	-0.4%	6.3M	79.8M	-5.7M	0.48	2.62	68,656	33,212	1,426,774	501,152
2022-04-20	$26.25	$31.00	58.9%	16.9%	58.3%	44.2%	59.4%	3.4%	0.3%	4.5M	189.3M	-5.4M	0.42	2.69	103,522	43,673	1,446,916	503,939
2022-04-21	$24.80	$30.00	65.2%	18.8%	59.9%	53.0%	66.3%	3.3%	-1.7%	1.4M	307.7M	-5.1M	1.27	9.93	99,207	125,688	1,460,337	513,761
2022-04-22	$25.14	$30.00	67.9%	19.5%	60.0%	56.6%	70.7%	3.0%	-0.1%	5.4M	191.3M	-5.7M	0.82	4.18	53,467	43,897	1,497,887	522,438
2022-04-25	$25.16	$29.00	71.4%	20.9%	58.4%	61.4%	72.1%	5.3%	-2.3%	5.7M	150.3M	-5.6M	0.57	3.76	77,295	44,050	1,426,856	509,699
2022-04-26	$24.77	$29.00	71.9%	21.1%	57.3%	62.2%	73.1%	5.3%	-2.2%	5.6M	180.4M	-5.5M	0.52	2.81	49,519	25,831	1,455,845	514,122
2022-04-27	$25.98	$29.00	65.0%	20.9%	57.5%	52.6%	72.6%	4.1%	8.7%	9.5M	36.0M	-5.9M	0.36	3.18	32,073	11,447	1,470,226	518,144
2022-04-28	$26.28	$29.00	70.3%	21.2%	57.5%	60.0%	74.3%	5.5%	-2.7%	10.9M	-10.7M	-6.1M	0.40	2.83	54,735	21,949	1,480,384	523,482
2022-04-29	$28.34	$28.00	71.6%	21.7%	61.4%	61.7%	77.1%	3.4%	-3.6%	19.3M	-384.6M	-7.1M	0.42	3.43	132,231	55,114	1,502,158	530,390