KWEB Options History — July 2022

In July 2022, KWEB traded between $28.40 and $33.20. ATM implied volatility averaged 56.7%, placing in the 34.4% IV rank vs the trailing year. The 30-day expected move averaged 16.2%. IV traded above realized volatility by 7.4% (HV 20d: 49.3%). Max pain ranged from $30.00 to $31.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.68.

Notable Days

2022-07-11: Highest Volume — 292,405 contracts
2022-07-07: Largest IV drop — 7.1% change
2022-07-05: Highest IV Rank — 45.4%
2022-07-12: Largest Expected Move — 17.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$30.67	$28.40	$33.20	$33.20	$28.40
Max Pain	$30.07	$30.00	$31.00	$31.00	$30.00
ATM IV	56.7%	48.9%	62.6%	61.0%	51.2%
Expected Move	16.2%	13.8%	17.7%	17.0%	14.9%
HV 20d	49.3%	37.9%	64.8%	64.8%	42.9%
HV 60d	61.3%	58.9%	63.1%	61.6%	60.1%
IV Rank	34.4%	15.8%	45.4%	43.2%	19.6%
IV Percentile	61.0%	34.1%	77.4%	73.4%	46.4%
Term Structure	0.2%	-1.5%	2.5%	0.6%	-0.3%
VWIV	56.2%	48.2%	62.2%	58.6%	51.8%
Skew 25d	5.7%	3.2%	7.1%	6.6%	4.5%
Skew 10d	12.7%	9.9%	18.3%	18.3%	10.7%
Call IV 25d	54.4%	47.1%	59.9%	57.6%	49.8%
Put IV 25d	60.0%	51.9%	65.7%	64.2%	54.3%
Bid-Ask Spread %	4.47	2.32	14.67	3.10	4.61
Gamma HHI	0.07	0.05	0.08	0.08	0.05
Net GEX	26.2M	4.8M	61.0M	61.0M	4.8M
Net DEX	-519.3M	-1.22B	-34.0M	-1.22B	-34.0M
Net VEX	-6.4M	-7.7M	-5.7M	-7.7M	-5.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.68	0.13	1.69	0.37	0.68
Total Volume	104,981.9	38,950	292,405	93,579	151,275
Total OI	1,795,555.6	1,480,530	2,079,037	1,990,333	1,656,026

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
2022-07-01	$33.20	$31.00	61.0%	17.0%	64.8%	43.2%	58.6%	6.6%	0.6%	61.0M	-1.22B	-7.7M	0.37	3.10	68,247	25,332	1,567,612	422,721
2022-07-05	$33.20	$30.00	62.6%	17.6%	64.0%	45.4%	62.2%	6.0%	2.5%	59.7M	-1.20B	-7.5M	0.57	2.83	44,308	25,381	1,543,129	404,766
2022-07-06	$32.11	$30.00	62.3%	17.6%	63.6%	44.9%	61.9%	5.8%	-0.2%	46.6M	-881.3M	-6.9M	0.56	14.67	70,600	39,243	1,544,281	411,941
2022-07-07	$32.84	$30.00	57.9%	16.6%	62.5%	38.4%	56.6%	4.4%	-0.1%	55.8M	-1.03B	-7.0M	0.38	2.74	107,158	40,742	1,566,846	430,708
2022-07-08	$32.20	$30.00	57.1%	16.4%	59.0%	37.2%	57.4%	5.3%	0.4%	45.3M	-807.3M	-6.7M	0.63	2.75	52,674	32,994	1,585,680	435,239
2022-07-11	$30.05	$30.00	61.1%	17.4%	58.7%	43.1%	58.6%	5.9%	-0.3%	21.3M	-355.9M	-5.9M	0.13	2.32	258,973	33,432	1,545,589	425,548
2022-07-12	$29.98	$30.00	61.7%	17.7%	58.7%	44.0%	60.9%	5.9%	-0.1%	22.4M	-416.9M	-6.4M	0.26	2.59	105,717	27,413	1,641,903	437,134
2022-07-13	$30.29	$30.42	61.6%	17.5%	52.5%	43.9%	61.9%	6.2%	-0.4%	23.2M	-437.4M	-6.4M	0.65	2.57	73,691	47,610	1,602,274	444,140
2022-07-14	$29.47	$30.00	61.6%	17.6%	48.0%	43.8%	60.5%	6.5%	-0.2%	13.1M	-271.7M	-6.1M	0.79	2.89	34,938	27,437	1,600,410	465,407
2022-07-15	$29.17	$30.00	59.3%	16.7%	47.4%	40.3%	58.5%	3.2%	-1.5%	12.1M	-186.7M	-5.9M	0.78	9.84	61,666	48,072	1,603,517	471,671
2022-07-18	$29.97	$30.00	58.0%	16.6%	44.7%	38.5%	57.1%	5.6%	0.2%	15.5M	-359.2M	-6.2M	0.50	3.33	43,213	21,698	1,069,167	411,363
2022-07-19	$30.67	$30.00	56.3%	16.1%	44.1%	35.9%	56.2%	6.5%	0.5%	18.9M	-450.9M	-6.3M	0.90	2.67	31,659	28,637	1,084,307	415,990
2022-07-20	$30.43	$30.00	55.9%	16.0%	40.8%	35.4%	54.5%	7.1%	0.2%	17.4M	-405.2M	-6.2M	0.89	4.33	34,963	31,054	1,092,532	424,906
2022-07-21	$30.92	$30.00	52.1%	14.9%	39.8%	29.7%	51.9%	5.6%	0.5%	20.2M	-473.3M	-6.1M	0.18	2.76	124,889	22,267	1,098,994	433,286
2022-07-22	$29.89	$30.00	51.7%	14.8%	40.5%	29.1%	51.8%	5.6%	0.6%	15.7M	-361.9M	-6.3M	1.07	4.12	32,677	35,095	1,185,155	441,515
2022-07-25	$30.22	$30.00	51.8%	14.6%	38.0%	20.6%	52.0%	6.0%	0.1%	18.8M	-409.6M	-6.3M	0.90	2.35	20,536	18,414	1,165,744	427,996
2022-07-26	$29.87	$30.00	52.3%	14.9%	37.9%	21.4%	54.0%	6.0%	-0.1%	16.6M	-352.0M	-6.1M	1.00	6.92	22,420	22,520	1,168,644	429,117
2022-07-27	$30.55	$30.00	50.1%	14.1%	39.2%	17.8%	48.8%	5.9%	0.2%	20.4M	-437.0M	-6.2M	1.69	7.49	32,640	55,036	1,170,267	436,184
2022-07-28	$29.92	$30.00	48.9%	13.8%	39.5%	15.8%	48.2%	4.8%	0.3%	14.8M	-297.4M	-6.1M	0.68	4.47	86,533	58,484	1,178,906	470,497
2022-07-29	$28.40	$30.00	51.2%	14.9%	42.9%	19.6%	51.8%	4.5%	-0.3%	4.8M	-34.0M	-5.7M	0.68	4.61	90,197	61,078	1,174,159	481,867