KWEB Options History — November 2022

In November 2022, KWEB traded between $20.26 and $28.39. ATM implied volatility averaged 65.2%, placing in the 39.0% IV rank vs the trailing year. The 30-day expected move averaged 19.1%. IV traded below realized volatility by 17.6% (HV 20d: 82.8%). Max pain ranged from $22.00 to $24.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.40.

Notable Days

2022-11-15: Highest Volume — 375,731 contracts
2022-11-21: Largest IV drop — 9.0% change
2022-11-17: Highest IV Rank — 54.3%
2022-11-17: Largest Expected Move — 21.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.11	$20.26	$28.39	$20.26	$28.39
Max Pain	$23.02	$22.00	$24.00	$24.00	$23.50
ATM IV	65.2%	57.5%	73.9%	63.4%	65.1%
Expected Move	19.1%	16.6%	21.3%	19.1%	20.4%
HV 20d	82.8%	70.3%	96.2%	79.5%	74.1%
HV 60d	64.4%	57.4%	69.8%	57.4%	69.8%
IV Rank	39.0%	24.7%	54.3%	36.4%	38.5%
IV Percentile	76.0%	51.6%	94.0%	76.2%	75.8%
Term Structure	-0.9%	-2.7%	1.3%	-0.3%	-1.3%
VWIV	67.7%	59.5%	77.8%	67.3%	73.9%
Skew 25d	1.0%	-4.3%	3.7%	3.4%	-3.9%
Skew 10d	2.0%	-8.5%	8.2%	6.8%	-8.5%
Call IV 25d	66.0%	58.5%	78.7%	63.0%	68.3%
Put IV 25d	67.0%	58.2%	74.4%	66.4%	64.5%
Bid-Ask Spread %	5.73	2.30	15.52	2.90	4.03
Gamma HHI	0.07	0.04	0.15	0.05	0.08
Net GEX	21.6M	6.2M	38.5M	6.6M	37.8M
Net DEX	-511.4M	-1.33B	114.4M	114.4M	-1.33B
Net VEX	-5.2M	-6.6M	-3.6M	-3.6M	-6.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.40	0.15	0.90	0.60	0.18
Total Volume	152,016.429	53,424	375,731	88,520	373,774
Total OI	2,003,503.286	1,728,940	2,299,186	1,921,773	1,844,239

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
2022-11-01	$20.26	$24.00	63.4%	19.1%	79.5%	36.4%	67.3%	3.4%	-0.3%	6.6M	114.4M	-3.6M	0.60	2.90	55,396	33,124	1,463,654	458,119
2022-11-02	$20.45	$24.00	63.2%	19.3%	79.4%	36.0%	69.2%	3.3%	0.2%	6.2M	99.4M	-3.6M	0.67	9.88	48,561	32,397	1,472,852	470,763
2022-11-03	$21.10	$22.00	64.9%	18.5%	81.0%	39.1%	64.9%	3.5%	-0.9%	7.2M	15.4M	-3.9M	0.62	3.13	53,300	32,817	1,482,481	483,031
2022-11-04	$22.75	$22.00	68.5%	19.5%	85.0%	45.5%	67.7%	1.9%	-1.0%	17.1M	-325.1M	-4.7M	0.19	8.82	252,422	48,406	1,500,438	493,927
2022-11-07	$22.74	$23.00	66.8%	19.1%	83.2%	42.4%	67.1%	2.5%	0.3%	16.7M	-300.3M	-5.0M	0.26	3.12	95,317	25,173	1,604,795	472,085
2022-11-08	$22.54	$23.00	64.7%	18.6%	82.0%	38.7%	66.2%	3.7%	0.7%	15.6M	-238.7M	-4.8M	0.63	6.30	42,744	26,820	1,624,527	482,060
2022-11-09	$20.95	$23.00	66.4%	19.2%	86.0%	41.7%	67.2%	3.5%	0.4%	8.4M	46.3M	-4.1M	0.55	2.30	36,791	20,346	1,628,800	493,650
2022-11-10	$22.61	$23.00	67.0%	19.2%	90.4%	42.7%	66.9%	2.8%	-0.3%	15.8M	-252.7M	-4.8M	0.30	6.12	80,159	24,356	1,633,227	498,581
2022-11-11	$24.07	$23.00	66.5%	19.3%	92.4%	41.9%	67.3%	2.4%	1.3%	26.2M	-578.8M	-5.4M	0.22	3.56	218,662	48,228	1,655,937	503,190
2022-11-14	$24.62	$23.00	67.3%	19.3%	91.8%	43.3%	68.7%	3.0%	-1.1%	28.9M	-655.1M	-5.6M	0.29	3.21	100,724	28,822	1,685,087	487,681
2022-11-15	$26.82	$23.00	71.7%	20.6%	96.2%	50.4%	73.9%	-2.6%	-2.3%	38.5M	-1.23B	-6.3M	0.15	3.79	327,202	48,529	1,700,112	500,106
2022-11-16	$26.03	$23.00	72.1%	20.7%	92.4%	51.1%	73.0%	0.0%	-2.3%	33.7M	-950.2M	-6.1M	0.54	2.78	81,770	44,166	1,700,523	519,219
2022-11-17	$26.92	$23.00	73.9%	21.3%	92.7%	54.3%	77.8%	-4.3%	-2.7%	36.4M	-1.20B	-6.3M	0.35	3.65	136,475	48,196	1,724,501	542,552
2022-11-18	$25.96	$23.00	68.5%	19.8%	94.2%	44.5%	70.2%	-0.2%	-1.7%	35.9M	-932.1M	-5.9M	0.32	15.52	138,631	45,037	1,746,625	552,561
2022-11-21	$24.97	$23.00	62.3%	18.1%	75.4%	33.4%	65.2%	-0.7%	-1.9%	22.9M	-525.8M	-5.4M	0.24	9.38	110,727	26,834	1,365,993	404,832
2022-11-22	$24.54	$23.00	59.7%	17.3%	76.0%	28.7%	61.6%	0.4%	-0.7%	18.6M	-414.9M	-5.2M	0.16	8.23	112,888	17,755	1,362,579	414,351
2022-11-23	$25.15	$23.00	57.5%	16.6%	71.9%	24.7%	59.5%	-0.3%	-1.6%	23.1M	-519.8M	-5.3M	0.39	8.48	52,423	20,608	1,373,375	417,946
2022-11-25	$24.12	$23.00	58.5%	17.2%	72.6%	26.7%	60.7%	0.6%	-0.8%	13.1M	-311.9M	-4.9M	0.43	8.65	37,246	16,178	1,379,319	425,021
2022-11-28	$24.88	$23.00	59.6%	18.1%	70.3%	28.6%	64.4%	1.6%	-1.0%	19.3M	-470.4M	-5.1M	0.90	3.02	57,667	52,035	1,322,237	406,703
2022-11-29	$26.34	$23.00	60.9%	19.0%	72.0%	30.9%	68.7%	0.3%	-1.7%	26.6M	-780.7M	-5.9M	0.35	3.43	103,612	36,027	1,340,524	435,366
2022-11-30	$28.39	$23.50	65.1%	20.4%	74.1%	38.5%	73.9%	-3.9%	-1.3%	37.8M	-1.33B	-6.6M	0.18	4.03	316,380	57,394	1,387,676	456,563