KWEB Options History — May 2022

In May 2022, KWEB traded between $24.18 and $29.19. ATM implied volatility averaged 70.3%, placing in the 59.9% IV rank vs the trailing year. The 30-day expected move averaged 20.4%. IV traded above realized volatility by 8.5% (HV 20d: 61.8%). Max pain ranged from $27.50 to $30.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.56.

Notable Days

2022-05-31: Highest Volume — 225,052 contracts
2022-05-09: Largest IV spike — 12.0% change
2022-05-09: Highest IV Rank — 74.9%
2022-05-12: Largest Expected Move — 22.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$26.71	$24.18	$29.19	$28.62	$29.19
Max Pain	$29.42	$27.50	$30.00	$29.00	$27.50
ATM IV	70.3%	60.9%	81.1%	71.3%	60.9%
Expected Move	20.4%	18.4%	22.4%	22.1%	18.4%
HV 20d	61.8%	49.8%	70.8%	58.9%	67.9%
HV 60d	102.3%	100.4%	104.8%	100.6%	104.3%
IV Rank	59.9%	47.0%	74.9%	61.3%	47.0%
IV Percentile	91.3%	79.8%	97.6%	94.8%	79.8%
Term Structure	-1.3%	-2.5%	0.9%	-1.4%	-1.6%
VWIV	70.8%	63.1%	79.0%	79.0%	64.8%
Skew 25d	6.7%	4.8%	8.9%	5.3%	5.0%
Skew 10d	11.5%	6.3%	17.2%	8.5%	8.9%
Call IV 25d	67.7%	58.7%	76.9%	69.0%	58.7%
Put IV 25d	74.4%	63.7%	85.6%	74.3%	63.7%
Bid-Ask Spread %	7.74	2.14	43.92	17.22	3.70
Gamma HHI	0.04	0.04	0.07	0.05	0.05
Net GEX	12.3M	2.3M	24.5M	18.3M	24.5M
Net DEX	-78.2M	-551.7M	255.9M	-354.9M	-551.7M
Net VEX	-5.9M	-7.1M	-5.1M	-7.1M	-6.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.56	0.18	1.60	0.40	0.36
Total Volume	118,534.286	57,566	225,052	76,908	225,052
Total OI	2,006,185.095	1,838,281	2,204,101	1,964,247	1,899,586

Daily Data (21 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
2022-05-02	$28.62	$29.00	71.3%	22.1%	58.9%	61.3%	79.0%	5.3%	-1.4%	18.3M	-354.9M	-7.1M	0.40	17.22	55,087	21,821	1,465,721	498,526
2022-05-03	$28.79	$29.00	67.5%	20.5%	51.8%	56.1%	71.7%	6.4%	-1.1%	18.5M	-338.8M	-6.8M	0.28	10.42	61,071	17,287	1,466,922	499,646
2022-05-04	$29.09	$29.00	64.5%	19.2%	49.8%	51.9%	66.5%	5.9%	-1.0%	20.1M	-350.6M	-6.7M	0.41	4.04	52,218	21,670	1,467,896	500,072
2022-05-05	$27.08	$30.00	70.6%	19.5%	55.0%	60.3%	66.9%	7.9%	-1.4%	11.3M	-40.0M	-6.1M	0.79	43.92	54,812	43,392	1,486,619	514,469
2022-05-06	$25.81	$30.00	72.4%	20.3%	56.1%	62.9%	69.8%	8.4%	-0.8%	5.3M	142.2M	-5.8M	1.01	4.27	43,418	43,825	1,492,618	554,843
2022-05-09	$24.18	$30.00	81.1%	22.3%	59.9%	74.9%	77.7%	8.9%	-1.6%	2.3M	255.9M	-5.2M	0.78	3.66	91,279	71,495	1,455,475	538,013
2022-05-10	$24.71	$30.00	77.5%	21.5%	60.8%	69.8%	76.0%	7.5%	-2.5%	4.1M	198.0M	-5.5M	0.84	5.38	51,059	42,664	1,488,731	544,132
2022-05-11	$24.57	$30.00	77.0%	21.6%	60.7%	69.2%	75.2%	6.4%	-1.9%	4.7M	206.7M	-5.4M	0.51	2.67	38,143	19,423	1,491,132	534,930
2022-05-12	$24.72	$30.00	79.2%	22.4%	59.4%	72.2%	76.7%	7.3%	-1.1%	4.6M	206.9M	-5.4M	0.29	2.62	92,472	26,495	1,497,480	537,597
2022-05-13	$26.64	$30.00	74.2%	21.4%	65.4%	65.3%	72.3%	7.2%	0.9%	10.5M	-33.1M	-6.0M	0.35	4.74	100,977	34,854	1,522,946	543,771
2022-05-16	$26.68	$30.00	73.6%	21.1%	64.9%	64.5%	72.9%	6.7%	-1.6%	11.5M	-29.1M	-5.8M	0.26	2.14	113,461	29,278	1,533,079	533,007
2022-05-17	$27.47	$30.00	68.0%	19.5%	65.7%	56.8%	67.4%	5.5%	-1.2%	17.4M	-153.1M	-6.1M	0.21	3.24	106,876	22,975	1,578,269	546,809
2022-05-18	$26.69	$30.00	70.4%	20.2%	64.6%	60.1%	70.3%	6.6%	-2.5%	13.0M	-24.8M	-5.9M	0.35	2.48	60,164	21,227	1,587,612	549,263
2022-05-19	$27.62	$30.00	69.3%	20.0%	61.9%	58.6%	68.0%	8.5%	-2.2%	16.8M	-150.2M	-6.0M	0.18	15.50	121,663	21,665	1,584,662	550,487
2022-05-20	$26.90	$30.00	67.4%	19.4%	62.8%	55.9%	67.7%	7.0%	-1.1%	14.7M	-30.6M	-5.8M	0.28	5.38	111,562	31,741	1,655,727	548,374
2022-05-23	$26.58	$30.00	66.5%	19.6%	63.0%	54.7%	68.9%	5.9%	-0.9%	10.3M	-73.9M	-5.7M	1.10	5.51	52,780	58,323	1,372,557	465,724
2022-05-24	$24.92	$30.00	68.7%	20.5%	67.2%	57.8%	73.2%	6.6%	-2.3%	6.0M	97.3M	-5.1M	1.10	8.42	75,007	82,762	1,396,988	459,558
2022-05-25	$25.48	$28.42	67.5%	20.2%	65.4%	56.1%	70.5%	6.0%	-1.2%	7.3M	19.8M	-5.4M	1.60	8.62	43,463	69,661	1,435,615	483,666
2022-05-26	$27.49	$27.50	65.9%	19.8%	70.8%	53.8%	68.8%	4.8%	-1.0%	18.0M	-324.6M	-6.1M	0.37	5.90	101,752	37,647	1,452,985	457,393
2022-05-27	$27.73	$27.50	61.9%	18.4%	65.4%	48.3%	63.1%	6.2%	-0.8%	19.1M	-314.1M	-5.9M	0.31	2.69	90,850	27,849	1,477,752	459,235
2022-05-31	$29.19	$27.50	60.9%	18.4%	67.9%	47.0%	64.8%	5.0%	-1.6%	24.5M	-551.7M	-6.3M	0.36	3.70	166,027	59,025	1,460,529	439,057