KWEB Options History — April 2023

In April 2023, KWEB traded between $26.74 and $31.11. ATM implied volatility averaged 40.0%, placing in the 2.0% IV rank vs the trailing year. The 30-day expected move averaged 11.5%. IV traded above realized volatility by 5.7% (HV 20d: 34.2%). Max pain ranged from $29.00 to $30.00. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 0.87.

Notable Days

2023-04-25: Highest Volume — 92,640 contracts
2023-04-25: Largest IV spike — 6.2% change
2023-04-25: Highest IV Rank — 7.9%
2023-04-04: Largest Expected Move — 12.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$29.07	$26.74	$31.11	$31.11	$27.98
Max Pain	$29.37	$29.00	$30.00	$30.00	$29.00
ATM IV	40.0%	37.0%	45.2%	44.8%	37.0%
Expected Move	11.5%	10.5%	12.6%	12.5%	10.5%
HV 20d	34.2%	30.5%	37.2%	37.2%	32.1%
HV 60d	38.2%	36.9%	38.7%	37.7%	36.9%
IV Rank	2.0%	0.0%	7.9%	5.7%	0.0%
IV Percentile	1.1%	0.0%	5.6%	2.8%	0.0%
Term Structure	0.1%	-1.0%	1.6%	0.3%	-0.4%
VWIV	40.5%	36.8%	44.8%	44.0%	36.8%
Skew 25d	1.6%	0.5%	2.8%	1.2%	2.2%
Skew 10d	2.9%	0.8%	5.0%	1.6%	3.8%
Call IV 25d	39.9%	36.8%	45.2%	45.0%	36.8%
Put IV 25d	41.5%	38.7%	46.5%	46.1%	39.0%
Bid-Ask Spread %	3.23	2.04	7.49	3.28	3.18
Gamma HHI	0.07	0.06	0.11	0.07	0.06
Net GEX	7.4M	-5.9M	27.7M	27.7M	5.1M
Net DEX	-192.0M	-545.8M	109.3M	-545.8M	-77.1M
Net VEX	-4.1M	-5.2M	-3.3M	-5.2M	-3.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.87	0.21	2.14	0.89	1.22
Total Volume	41,914.632	13,624	92,640	22,305	69,916
Total OI	1,270,578.895	1,084,540	1,362,662	1,294,538	1,153,508

Daily Data (19 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
2023-04-03	$31.11	$30.00	44.8%	12.5%	37.2%	5.7%	44.0%	1.2%	0.3%	27.7M	-545.8M	-5.2M	0.89	3.28	11,798	10,507	918,395	376,143
2023-04-04	$30.68	$30.00	45.2%	12.6%	35.7%	6.8%	44.8%	1.3%	-0.2%	23.4M	-473.6M	-5.0M	0.51	3.76	24,119	12,305	921,178	383,293
2023-04-05	$29.95	$30.00	43.2%	11.7%	36.6%	1.7%	42.0%	1.3%	0.5%	16.5M	-327.1M	-4.8M	0.67	3.05	17,199	11,587	933,031	381,319
2023-04-06	$30.48	$30.00	41.4%	12.1%	30.5%	0.0%	42.2%	1.1%	0.9%	21.8M	-407.0M	-4.9M	0.34	2.57	25,975	8,936	936,532	378,964
2023-04-10	$30.09	$30.00	42.2%	12.1%	31.0%	1.9%	42.6%	1.4%	-0.1%	16.4M	-335.5M	-4.5M	0.51	7.49	12,641	6,464	926,615	370,829
2023-04-11	$30.01	$30.00	40.2%	11.7%	30.5%	0.0%	41.0%	1.2%	0.6%	14.9M	-312.4M	-4.3M	0.93	2.47	17,896	16,553	929,924	373,095
2023-04-12	$28.62	$30.00	40.4%	11.7%	35.2%	0.6%	41.0%	1.5%	0.1%	1.6M	-84.0M	-3.9M	0.41	3.32	40,909	16,619	935,337	375,080
2023-04-13	$29.38	$29.00	39.7%	11.7%	35.5%	0.0%	40.9%	1.0%	1.6%	6.4M	-197.6M	-4.1M	0.33	3.12	32,191	10,481	940,817	379,892
2023-04-14	$28.96	$29.00	38.6%	11.2%	34.7%	0.0%	39.4%	1.7%	0.4%	137.5K	-125.8M	-3.9M	0.63	2.60	24,579	15,483	950,712	379,280
2023-04-17	$29.68	$29.00	38.4%	11.0%	35.8%	0.0%	39.2%	0.8%	-0.0%	10.3M	-260.1M	-4.0M	0.33	2.44	24,637	8,171	943,367	372,787
2023-04-18	$29.70	$29.00	38.2%	11.0%	35.6%	0.0%	38.9%	0.5%	0.1%	10.0M	-266.4M	-4.0M	0.21	2.19	51,483	10,849	951,595	376,093
2023-04-19	$29.24	$29.00	38.3%	11.0%	35.6%	0.2%	39.9%	1.8%	-0.3%	6.0M	-203.4M	-4.0M	1.35	2.17	7,866	10,654	975,003	382,430
2023-04-20	$28.84	$29.00	37.2%	10.7%	35.9%	0.0%	37.6%	1.7%	0.2%	-2.5M	-115.4M	-3.8M	0.63	2.04	8,368	5,256	974,039	386,534
2023-04-21	$28.24	$29.00	37.0%	10.6%	33.7%	0.0%	37.0%	1.9%	0.1%	-4.5M	-3.9M	-3.6M	0.45	2.36	28,874	13,015	975,380	387,282
2023-04-24	$27.66	$29.00	38.2%	10.9%	34.1%	2.5%	38.6%	2.4%	-0.8%	311.4K	-4.2M	-3.4M	2.14	2.45	20,697	44,378	745,998	338,542
2023-04-25	$26.74	$29.00	40.5%	11.8%	35.2%	7.9%	41.5%	2.8%	-1.0%	-5.9M	109.3M	-3.3M	1.86	3.11	32,361	60,279	750,416	364,164
2023-04-26	$27.26	$29.00	39.7%	11.5%	32.2%	6.1%	40.9%	2.0%	-0.6%	-3.9M	26.1M	-3.4M	2.09	7.15	19,214	40,065	764,346	367,451
2023-04-27	$27.69	$29.00	39.0%	11.4%	32.8%	4.4%	40.6%	2.3%	-0.4%	-2.6M	-43.6M	-3.5M	1.12	2.72	11,349	12,704	772,083	369,545
2023-04-28	$27.98	$29.00	37.0%	10.5%	32.1%	0.0%	36.8%	2.2%	-0.4%	5.1M	-77.1M	-3.5M	1.22	3.18	31,486	38,430	775,812	377,696