KWEB Options History — August 2022

In August 2022, KWEB traded between $27.30 and $30.47. ATM implied volatility averaged 47.9%, placing in the 14.1% IV rank vs the trailing year. The 30-day expected move averaged 13.7%. IV traded above realized volatility by 11.3% (HV 20d: 36.6%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 22 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 0.53.

Notable Days

2022-08-26: Highest Volume — 319,005 contracts
2022-08-02: Largest IV drop — 7.7% change
2022-08-01: Highest IV Rank — 28.7%
2022-08-01: Largest Expected Move — 17.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$28.54	$27.30	$30.47	$27.65	$29.93
Max Pain	$30.00	$30.00	$30.00	$30.00	$30.00
ATM IV	47.9%	43.7%	56.6%	56.6%	50.5%
Expected Move	13.7%	12.5%	17.0%	17.0%	14.2%
HV 20d	36.6%	31.8%	43.3%	42.2%	37.7%
HV 60d	53.4%	49.0%	60.3%	60.3%	49.0%
IV Rank	14.1%	7.1%	28.7%	28.7%	18.4%
IV Percentile	29.1%	7.1%	60.7%	60.7%	44.4%
Term Structure	-0.1%	-1.1%	1.6%	-1.1%	0.4%
VWIV	48.5%	43.9%	63.1%	63.1%	54.6%
Skew 25d	3.2%	-1.3%	7.6%	7.6%	0.8%
Skew 10d	6.3%	-1.0%	16.3%	16.3%	0.9%
Call IV 25d	46.9%	43.3%	52.7%	52.7%	51.2%
Put IV 25d	50.2%	46.2%	60.4%	60.4%	52.0%
Bid-Ask Spread %	4.79	2.69	12.17	3.97	3.52
Gamma HHI	0.06	0.04	0.08	0.05	0.07
Net GEX	13.9M	-78.9K	31.2M	5.8M	31.2M
Net DEX	-215.2M	-688.7M	106.9M	11.0M	-646.4M
Net VEX	-5.8M	-7.0M	-4.9M	-5.4M	-7.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.53	0.14	1.41	1.08	0.15
Total Volume	105,449.304	25,886	319,005	206,087	172,128
Total OI	1,659,549.13	1,262,690	1,821,468	1,605,519	1,656,508

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
2022-08-01	$27.65	$30.00	56.6%	17.0%	42.2%	28.7%	63.1%	7.6%	-1.1%	5.8M	11.0M	-5.4M	1.08	3.97	99,296	106,791	1,141,256	464,263
2022-08-02	$28.19	$30.00	52.3%	15.2%	43.3%	21.4%	53.7%	5.4%	-1.1%	6.7M	-101.4M	-5.9M	0.96	3.66	118,621	113,618	1,185,476	543,485
2022-08-03	$28.74	$30.00	51.0%	15.0%	43.3%	19.3%	52.3%	4.9%	-1.1%	14.1M	-229.6M	-6.1M	0.61	3.00	47,526	28,820	1,236,334	548,621
2022-08-04	$29.12	$30.00	49.6%	14.1%	42.6%	16.9%	49.8%	3.7%	-0.4%	19.6M	-325.1M	-6.3M	0.67	3.10	62,209	41,468	1,246,060	551,600
2022-08-05	$28.53	$30.00	47.8%	13.6%	42.6%	13.9%	48.2%	4.5%	-0.6%	12.0M	-155.8M	-5.9M	1.25	2.99	28,555	35,748	1,236,323	559,681
2022-08-08	$28.05	$30.00	48.7%	13.8%	35.9%	15.5%	48.3%	4.4%	-0.6%	9.6M	-84.3M	-5.7M	0.65	2.82	28,483	18,591	1,217,419	520,550
2022-08-09	$27.77	$30.00	47.6%	13.6%	36.0%	13.6%	47.1%	4.6%	0.1%	6.8M	-22.5M	-5.4M	0.38	2.81	19,375	7,396	1,224,428	523,157
2022-08-10	$27.90	$30.00	46.6%	13.4%	35.7%	11.9%	48.2%	4.3%	0.1%	6.9M	-46.6M	-5.4M	1.41	3.48	16,680	23,585	1,224,409	520,593
2022-08-11	$28.65	$30.00	45.8%	13.1%	36.2%	10.6%	45.1%	3.4%	-0.2%	12.0M	-200.9M	-5.7M	0.19	3.81	66,158	12,475	1,231,921	525,806
2022-08-12	$28.62	$30.00	44.9%	12.9%	36.0%	9.0%	44.9%	3.2%	0.3%	16.4M	-198.1M	-5.6M	0.31	3.14	71,816	22,066	1,253,529	528,628
2022-08-15	$28.87	$30.00	45.1%	12.9%	34.7%	9.5%	44.9%	3.6%	0.2%	14.2M	-219.4M	-5.5M	0.34	3.22	36,521	12,325	1,231,626	521,451
2022-08-16	$28.31	$30.00	45.2%	13.0%	33.9%	9.7%	45.5%	2.5%	0.1%	9.3M	-103.2M	-5.3M	0.20	3.24	65,405	12,964	1,240,026	524,730
2022-08-17	$27.81	$30.00	44.8%	12.8%	34.3%	8.9%	45.0%	2.7%	-0.1%	5.0M	-26.1M	-5.2M	1.07	3.39	12,486	13,400	1,278,501	530,439
2022-08-18	$27.54	$30.00	43.8%	12.5%	33.4%	7.2%	43.9%	2.6%	0.5%	1.0M	52.0M	-5.0M	0.36	2.69	36,217	13,031	1,278,151	534,168
2022-08-19	$27.30	$30.00	43.7%	12.5%	31.8%	7.1%	44.7%	2.9%	0.1%	-78.9K	106.9M	-4.9M	0.73	5.96	26,198	19,091	1,284,907	536,561
2022-08-22	$27.64	$30.00	46.0%	13.0%	31.9%	10.9%	46.6%	3.8%	0.3%	8.5M	-56.8M	-5.0M	0.32	4.46	29,759	9,425	862,214	400,476
2022-08-23	$28.06	$30.00	46.0%	13.1%	32.5%	11.0%	46.0%	2.5%	0.6%	12.1M	-141.3M	-5.2M	0.16	9.33	110,022	17,567	882,149	404,198
2022-08-24	$28.46	$30.00	47.9%	13.7%	31.8%	14.1%	47.8%	2.7%	1.0%	16.6M	-260.5M	-5.7M	0.54	12.17	72,970	39,551	939,137	412,452
2022-08-25	$30.47	$30.00	49.9%	14.3%	40.0%	17.4%	50.7%	1.3%	-0.9%	27.6M	-688.7M	-6.4M	0.25	4.10	236,005	58,279	982,075	416,762
2022-08-26	$30.16	$30.00	48.4%	13.4%	35.1%	15.0%	48.4%	-1.3%	1.6%	31.0M	-662.6M	-6.7M	0.14	9.65	280,489	38,516	1,084,565	451,469
2022-08-29	$29.87	$30.00	49.5%	13.8%	33.7%	16.8%	48.4%	1.9%	-0.3%	30.5M	-597.3M	-6.9M	0.26	4.15	40,259	10,352	1,167,726	435,700
2022-08-30	$28.82	$30.00	49.9%	13.7%	35.9%	17.5%	48.6%	2.4%	-0.8%	21.8M	-354.2M	-6.5M	0.17	11.44	79,508	13,589	1,188,478	441,622
2022-08-31	$29.93	$30.00	50.5%	14.2%	37.7%	18.4%	54.6%	0.8%	0.4%	31.2M	-646.4M	-7.0M	0.15	3.52	150,166	21,962	1,206,146	450,362