KWEB Options History — February 2023

In February 2023, KWEB traded between $28.84 and $35.30. ATM implied volatility averaged 46.8%, placing in the 7.4% IV rank vs the trailing year. The 30-day expected move averaged 13.5%. IV traded above realized volatility by 6.9% (HV 20d: 39.9%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 0.59.

Notable Days

  • 2023-02-24: Highest Volume — 173,643 contracts
  • 2023-02-16: Largest IV spike — 5.2% change
  • 2023-02-21: Highest IV Rank — 12.2%
  • 2023-02-21: Largest Expected Move — 14.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.82$28.84$35.30$35.30$29.23
Max Pain$30.00$30.00$30.00$30.00$30.00
ATM IV46.8%44.9%49.5%45.1%46.2%
Expected Move13.5%13.1%14.3%13.4%13.3%
HV 20d39.9%36.2%44.1%44.1%39.1%
HV 60d50.9%44.5%57.4%57.4%44.5%
IV Rank7.4%4.2%12.2%4.5%6.3%
IV Percentile11.1%3.2%21.0%3.2%9.5%
Term Structure-0.1%-1.2%1.0%-0.5%-1.0%
VWIV47.4%46.0%50.4%47.4%46.4%
Skew 25d2.5%1.6%3.1%2.3%3.0%
Skew 10d5.4%3.6%6.7%4.7%6.7%
Call IV 25d46.2%44.2%48.6%44.2%45.2%
Put IV 25d48.7%46.5%51.6%46.5%48.2%
Bid-Ask Spread %3.572.406.125.063.14
Gamma HHI0.080.070.100.100.07
Net GEX21.4M6.3M52.7M52.7M10.3M
Net DEX-658.9M-1.50B-123.4M-1.50B-258.0M
Net VEX-5.9M-7.3M-4.8M-7.3M-5.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.221.210.480.71
Total Volume75,760.21133,953173,64333,95349,669
Total OI1,659,386.3161,390,8931,822,7901,735,5521,523,752

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-02-01$35.30$30.0045.1%13.4%44.1%4.5%47.4%2.3%-0.5%52.7M-1.50B-7.3M0.485.0623,00610,9471,197,236538,316
2023-02-02$34.34$30.0044.9%13.1%36.2%4.2%46.0%2.1%0.2%41.7M-1.22B-7.1M0.492.8929,29414,4131,209,239541,977
2023-02-03$33.36$30.0045.2%13.2%37.1%4.7%46.7%2.1%0.4%26.5M-970.4M-6.7M0.582.97105,40461,4061,221,884549,839
2023-02-06$32.61$30.0047.2%13.6%37.8%8.2%47.7%2.9%0.1%24.3M-773.9M-6.4M0.482.7554,95926,2901,151,779527,566
2023-02-07$33.16$30.0046.4%13.6%38.4%6.8%47.5%3.1%1.0%29.9M-913.6M-6.4M0.403.7529,37511,8371,168,650532,047
2023-02-08$32.38$30.0046.2%13.5%38.8%6.5%46.2%2.8%0.5%22.4M-724.9M-6.2M0.532.7426,42913,8901,178,805536,350
2023-02-09$33.03$30.0046.6%13.5%39.7%7.1%47.0%2.4%0.6%27.5M-874.0M-6.3M0.566.1234,95419,5131,185,365544,894
2023-02-10$31.70$30.0047.5%13.7%41.7%8.6%48.1%2.2%0.1%12.1M-518.5M-5.9M0.473.8780,99637,8561,184,590555,303
2023-02-13$32.72$30.0048.4%13.9%42.0%10.4%48.2%2.9%-0.1%27.7M-838.2M-6.1M0.892.4018,94816,9171,206,224541,034
2023-02-14$32.34$30.0046.7%13.4%40.9%7.4%47.5%2.0%0.2%21.9M-725.7M-5.9M1.212.9616,91520,4431,207,465544,922
2023-02-15$32.09$30.0045.7%13.1%40.0%5.5%46.1%3.0%0.5%16.7M-647.3M-5.8M0.512.7831,40215,8791,216,132550,332
2023-02-16$32.34$30.0048.1%13.8%39.7%9.7%47.9%1.6%-0.2%20.8M-733.4M-5.9M0.222.9954,11211,6711,235,120558,791
2023-02-17$31.14$30.0047.1%13.5%40.1%8.0%47.5%1.8%0.0%18.8M-405.6M-5.5M0.353.3291,32631,5491,259,989562,801
2023-02-21$30.23$30.0049.5%14.3%40.6%12.2%50.4%3.0%-0.8%10.8M-326.2M-5.2M0.543.4690,13448,765982,421408,472
2023-02-22$30.20$30.0047.3%13.4%40.6%8.4%48.8%2.1%-0.5%12.6M-341.8M-5.2M0.843.3147,28839,8161,037,062416,574
2023-02-23$30.13$30.0046.2%13.4%40.4%6.4%46.6%3.0%-0.4%12.3M-340.5M-5.2M0.803.4133,49426,6321,054,515412,483
2023-02-24$28.84$30.0047.7%13.6%40.2%9.1%48.2%2.9%-0.6%6.3M-123.4M-4.8M0.684.20103,27970,3641,067,987427,109
2023-02-27$29.38$30.0046.8%13.4%41.5%7.4%47.1%3.0%-1.2%11.2M-279.2M-5.1M0.515.7526,71413,5581,069,448421,867
2023-02-28$29.23$30.0046.2%13.3%39.1%6.3%46.4%3.0%-1.0%10.3M-258.0M-5.0M0.713.1429,00420,6651,095,255428,497