KWEB Options History — June 2022

In June 2022, KWEB traded between $28.55 and $33.95. ATM implied volatility averaged 64.0%, placing in the 50.6% IV rank vs the trailing year. The 30-day expected move averaged 18.4%. IV traded below realized volatility by 5.7% (HV 20d: 69.7%). Max pain ranged from $26.00 to $31.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.32.

Notable Days

2022-06-08: Highest Volume — 402,460 contracts
2022-06-08: Largest IV spike — 12.1% change
2022-06-13: Highest IV Rank — 65.3%
2022-06-13: Largest Expected Move — 21.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$31.61	$28.55	$33.95	$28.55	$32.54
Max Pain	$29.00	$26.00	$31.00	$28.00	$31.00
ATM IV	64.0%	56.7%	74.2%	60.7%	62.4%
Expected Move	18.4%	16.2%	21.3%	18.7%	17.5%
HV 20d	69.7%	59.2%	76.7%	68.4%	66.7%
HV 60d	78.0%	62.2%	104.4%	103.9%	62.2%
IV Rank	50.6%	41.1%	65.3%	46.7%	45.3%
IV Percentile	81.3%	72.2%	95.2%	79.0%	77.0%
Term Structure	-0.2%	-1.4%	0.7%	-0.9%	0.7%
VWIV	63.5%	55.7%	74.1%	65.2%	60.3%
Skew 25d	4.7%	1.2%	6.3%	4.6%	6.3%
Skew 10d	10.0%	3.6%	13.5%	8.1%	13.5%
Call IV 25d	62.0%	55.7%	71.9%	59.4%	59.5%
Put IV 25d	66.7%	60.0%	76.4%	64.0%	65.8%
Bid-Ask Spread %	7.23	2.27	33.37	3.00	2.91
Gamma HHI	0.07	0.06	0.08	0.06	0.08
Net GEX	45.1M	22.5M	62.1M	22.5M	54.6M
Net DEX	-1.08B	-1.91B	-445.2M	-445.2M	-1.07B
Net VEX	-7.6M	-8.5M	-6.1M	-6.1M	-7.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.32	0.12	0.57	0.28	0.19
Total Volume	160,780.524	74,023	402,460	74,023	95,399
Total OI	2,149,414.762	1,801,329	2,616,102	1,940,911	1,993,547

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
2022-06-01	$28.55	$28.00	60.7%	18.7%	68.4%	46.7%	65.2%	4.6%	-0.9%	22.5M	-445.2M	-6.1M	0.28	3.00	57,684	16,339	1,497,015	443,896
2022-06-02	$30.05	$26.00	56.7%	16.2%	70.7%	41.1%	55.7%	4.2%	-0.2%	31.3M	-725.8M	-6.4M	0.36	2.66	88,594	31,820	1,510,913	448,497
2022-06-03	$29.35	$26.00	57.1%	16.6%	66.0%	41.8%	57.6%	5.5%	-0.3%	31.5M	-565.5M	-6.1M	0.43	2.74	83,509	35,565	1,536,859	458,085
2022-06-06	$30.75	$27.00	57.9%	16.4%	64.7%	42.8%	56.2%	4.9%	-0.1%	33.3M	-851.3M	-6.5M	0.29	2.82	168,430	48,667	1,521,896	442,524
2022-06-07	$31.99	$28.00	57.3%	16.5%	59.2%	41.9%	56.2%	4.4%	0.5%	40.0M	-1.16B	-7.0M	0.12	2.37	262,413	31,139	1,584,425	463,506
2022-06-08	$33.95	$28.00	64.2%	18.4%	61.4%	51.5%	63.8%	1.2%	0.2%	58.8M	-1.91B	-8.5M	0.16	2.88	347,532	54,928	1,768,636	472,727
2022-06-09	$31.63	$29.00	67.4%	19.2%	68.3%	55.9%	66.4%	2.2%	-0.1%	47.0M	-1.22B	-8.1M	0.29	3.63	211,641	60,737	1,861,983	498,304
2022-06-10	$31.67	$29.00	68.7%	19.6%	68.4%	57.8%	69.2%	4.1%	-0.7%	47.4M	-1.26B	-8.3M	0.33	3.03	150,626	48,963	1,979,423	521,616
2022-06-13	$29.42	$29.00	74.2%	21.3%	70.7%	65.3%	74.1%	4.6%	-1.4%	31.1M	-650.0M	-7.3M	0.45	3.35	125,795	57,164	1,993,448	512,535
2022-06-14	$31.35	$29.00	70.3%	20.2%	73.7%	60.0%	68.8%	6.0%	-1.1%	48.5M	-1.21B	-8.2M	0.47	3.90	74,875	35,206	2,058,740	520,592
2022-06-15	$31.87	$29.00	65.9%	18.9%	73.3%	53.8%	65.3%	5.1%	-0.1%	53.7M	-1.32B	-8.2M	0.54	33.37	58,015	31,241	2,062,543	527,075
2022-06-16	$30.17	$29.00	67.7%	19.4%	75.6%	56.4%	65.8%	5.0%	-0.2%	35.7M	-814.5M	-7.4M	0.26	23.74	111,856	29,454	2,066,236	534,434
2022-06-17	$31.12	$29.00	66.6%	19.2%	75.4%	54.9%	66.5%	4.2%	-1.0%	39.9M	-1.10B	-7.7M	0.57	29.18	89,579	50,693	2,078,856	537,246
2022-06-21	$32.53	$30.00	66.0%	19.1%	75.6%	54.1%	66.0%	3.9%	-0.3%	46.2M	-1.18B	-8.0M	0.22	13.32	127,311	28,364	1,414,287	387,042
2022-06-22	$31.48	$30.00	67.0%	19.6%	76.7%	55.4%	67.0%	5.2%	0.3%	40.5M	-903.9M	-7.5M	0.41	5.29	70,504	28,622	1,437,180	394,406
2022-06-23	$32.17	$30.00	65.9%	19.0%	71.8%	53.9%	64.1%	5.6%	0.4%	48.5M	-1.07B	-7.8M	0.21	2.97	125,789	26,737	1,483,777	402,982
2022-06-24	$33.37	$30.00	61.9%	17.8%	72.2%	47.0%	62.1%	4.5%	-0.1%	62.1M	-1.41B	-8.2M	0.43	2.27	79,413	33,935	1,516,898	411,544
2022-06-27	$33.53	$30.00	61.2%	17.5%	68.4%	45.2%	60.2%	6.0%	0.6%	60.6M	-1.35B	-8.0M	0.41	2.91	84,211	34,202	1,512,194	390,884
2022-06-28	$33.42	$31.00	61.7%	17.7%	68.6%	45.2%	59.2%	5.8%	0.1%	59.5M	-1.32B	-8.0M	0.16	2.75	144,945	23,445	1,527,353	408,233
2022-06-29	$32.96	$31.00	62.7%	18.0%	67.1%	46.2%	63.5%	6.1%	0.3%	55.5M	-1.19B	-7.7M	0.21	2.85	92,056	18,993	1,544,204	411,169
2022-06-30	$32.54	$31.00	62.4%	17.5%	66.7%	45.3%	60.3%	6.3%	0.7%	54.6M	-1.07B	-7.6M	0.19	2.91	80,366	15,033	1,573,245	420,302