KWEB Options History — September 2022

In September 2022, KWEB traded between $24.57 and $29.27. ATM implied volatility averaged 50.6%, placing in the 18.6% IV rank vs the trailing year. The 30-day expected move averaged 14.6%. IV traded above realized volatility by 7.0% (HV 20d: 43.6%). Max pain ranged from $28.00 to $30.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.65.

Notable Days

2022-09-30: Highest Volume — 180,678 contracts
2022-09-02: Largest IV drop — 6.1% change
2022-09-29: Highest IV Rank — 31.7%
2022-09-29: Largest Expected Move — 17.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$26.92	$24.57	$29.27	$29.27	$24.74
Max Pain	$28.24	$28.00	$30.00	$30.00	$28.00
ATM IV	50.6%	45.2%	58.5%	52.2%	56.0%
Expected Move	14.6%	13.2%	17.1%	14.9%	15.6%
HV 20d	43.6%	38.3%	49.9%	38.4%	42.4%
HV 60d	41.8%	39.0%	48.4%	48.4%	40.9%
IV Rank	18.6%	9.6%	31.7%	21.3%	27.7%
IV Percentile	39.7%	14.7%	65.9%	50.4%	58.7%
Term Structure	0.0%	-1.0%	2.3%	-0.2%	-0.2%
VWIV	51.0%	45.6%	60.1%	57.0%	55.0%
Skew 25d	3.3%	0.8%	4.4%	0.8%	3.3%
Skew 10d	6.5%	1.2%	8.9%	1.2%	6.6%
Call IV 25d	49.8%	43.8%	57.7%	52.9%	55.6%
Put IV 25d	53.0%	46.7%	62.1%	53.7%	58.9%
Bid-Ask Spread %	13.09	3.48	25.75	4.15	25.75
Gamma HHI	0.06	0.05	0.15	0.07	0.05
Net GEX	10.6M	-4.6M	28.9M	28.9M	8.4M
Net DEX	-51.3M	-519.8M	214.1M	-519.8M	105.3M
Net VEX	-5.5M	-6.8M	-4.7M	-6.8M	-4.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.65	0.10	2.45	0.10	0.19
Total Volume	85,944.333	29,329	180,678	58,083	180,678
Total OI	1,708,670.571	1,521,983	1,814,316	1,752,001	1,797,535

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
2022-09-01	$29.27	$30.00	52.2%	14.9%	38.4%	21.3%	57.0%	0.8%	-0.2%	28.9M	-519.8M	-6.8M	0.10	4.15	52,964	5,119	1,292,920	459,081
2022-09-02	$28.71	$30.00	49.0%	13.3%	38.3%	16.0%	47.4%	1.9%	2.3%	22.3M	-348.3M	-6.4M	0.65	8.89	73,991	48,387	1,301,098	461,353
2022-09-06	$27.74	$28.00	50.5%	14.7%	39.8%	18.5%	51.3%	1.5%	0.3%	15.2M	-142.9M	-6.1M	1.18	7.86	33,768	39,706	1,310,201	461,435
2022-09-07	$28.37	$28.00	49.8%	14.5%	40.5%	17.3%	49.8%	2.6%	-0.2%	18.4M	-236.6M	-6.2M	0.69	20.15	30,583	21,256	1,311,154	467,280
2022-09-08	$27.62	$28.00	48.0%	14.0%	41.6%	14.3%	49.1%	2.9%	0.5%	11.0M	-72.8M	-5.8M	0.30	7.67	45,214	13,621	1,319,511	470,195
2022-09-09	$28.38	$28.00	45.2%	13.3%	41.7%	9.6%	45.6%	2.8%	1.2%	18.8M	-219.7M	-6.1M	0.20	19.46	99,810	20,280	1,335,062	475,787
2022-09-12	$28.98	$29.00	45.4%	13.2%	42.4%	9.9%	45.9%	3.9%	0.5%	25.4M	-341.5M	-6.2M	0.86	17.49	28,669	24,542	1,315,363	465,503
2022-09-13	$27.68	$28.00	46.9%	13.6%	45.3%	12.4%	46.9%	3.8%	0.3%	10.1M	-59.1M	-5.6M	0.72	18.98	47,444	34,146	1,317,654	483,610
2022-09-14	$27.87	$28.00	46.9%	13.6%	44.9%	12.4%	47.5%	3.4%	0.2%	10.2M	-81.2M	-5.8M	1.43	4.56	12,409	17,703	1,323,077	485,330
2022-09-15	$27.84	$28.00	47.3%	13.7%	44.5%	13.1%	47.4%	3.4%	0.5%	6.0M	-47.7M	-5.6M	0.58	6.56	25,576	14,764	1,323,933	483,934
2022-09-16	$26.59	$28.00	48.9%	14.0%	47.3%	15.8%	48.6%	3.2%	-0.4%	1.5M	121.5M	-5.1M	0.82	18.15	38,775	31,622	1,331,533	482,783
2022-09-19	$26.96	$28.00	48.5%	13.9%	47.5%	15.1%	48.0%	4.0%	0.6%	8.8M	-28.6M	-5.1M	0.74	17.60	22,467	16,553	1,098,768	423,215
2022-09-20	$27.01	$28.00	48.7%	14.0%	47.3%	15.4%	48.2%	3.2%	0.1%	10.0M	-53.2M	-5.2M	0.35	3.48	21,663	7,666	1,113,316	427,482
2022-09-21	$25.70	$28.00	51.2%	14.7%	49.9%	19.7%	51.1%	3.9%	-0.7%	3.6M	128.6M	-4.7M	2.45	7.72	37,537	91,925	1,114,490	432,709
2022-09-22	$25.71	$28.00	50.4%	14.5%	49.4%	18.3%	49.6%	4.4%	-0.7%	1.4M	157.6M	-4.9M	0.22	15.07	66,817	14,518	1,129,460	474,701
2022-09-23	$24.98	$28.00	52.3%	15.1%	41.8%	21.5%	52.9%	4.1%	-0.9%	-4.6M	214.1M	-4.7M	0.81	8.45	45,884	37,114	1,136,877	476,398
2022-09-26	$25.52	$28.00	54.6%	15.6%	43.2%	25.3%	54.7%	4.4%	-0.2%	4.9M	101.6M	-4.9M	0.30	18.82	86,263	25,589	1,121,218	457,023
2022-09-27	$25.26	$28.00	56.0%	16.1%	43.2%	27.6%	57.2%	3.4%	-0.7%	5.7M	91.5M	-4.9M	0.44	19.10	78,602	34,889	1,148,533	456,280
2022-09-28	$25.77	$28.00	56.0%	16.4%	43.1%	27.7%	57.6%	3.0%	-1.0%	8.0M	22.7M	-5.2M	0.26	20.90	138,849	36,023	1,179,600	468,014
2022-09-29	$24.57	$28.00	58.5%	17.1%	42.3%	31.7%	60.1%	4.4%	-0.8%	8.1M	130.8M	-4.8M	0.29	4.16	78,569	22,876	1,282,900	465,766
2022-09-30	$24.74	$28.00	56.0%	15.6%	42.4%	27.7%	55.0%	3.3%	-0.2%	8.4M	105.3M	-4.9M	0.19	25.75	151,672	29,006	1,328,488	469,047