KWEB Options History — May 2023

In May 2023, KWEB traded between $24.91 and $28.34. ATM implied volatility averaged 39.1%, placing in the 5.9% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded above realized volatility by 2.8% (HV 20d: 36.4%). Max pain ranged from $28.00 to $29.00. Net GEX was positive for 11 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 1.22.

Notable Days

  • 2023-05-02: Highest Volume — 171,145 contracts
  • 2023-05-02: Largest IV spike — 5.9% change
  • 2023-05-16: Highest IV Rank — 11.9%
  • 2023-05-30: Largest Expected Move — 12.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.85$24.91$28.34$27.91$24.91
Max Pain$28.68$28.00$29.00$29.00$28.00
ATM IV39.1%36.7%41.3%36.7%39.9%
Expected Move11.4%10.5%12.0%10.5%11.9%
HV 20d36.4%30.4%42.1%31.7%40.4%
HV 60d36.8%35.0%38.0%36.6%36.9%
IV Rank5.9%0.0%11.9%0.0%8.2%
IV Percentile5.6%0.0%11.5%0.0%11.1%
Term Structure-0.0%-1.1%0.8%0.7%-0.5%
VWIV40.2%37.3%42.8%37.3%42.7%
Skew 25d2.2%0.3%3.3%2.4%2.8%
Skew 10d3.8%0.2%6.5%4.1%5.5%
Call IV 25d38.9%36.2%42.2%36.2%39.3%
Put IV 25d41.1%38.4%43.2%38.6%42.1%
Bid-Ask Spread %3.212.425.303.683.21
Gamma HHI0.080.050.170.060.09
Net GEX293.2K-32.5M18.0M-3.0M-697.5K
Net DEX-28.7M-270.8M147.9M-57.7M88.4M
Net VEX-3.3M-3.6M-2.9M-3.4M-2.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.220.1211.700.730.47
Total Volume50,42619,623171,14519,62359,971
Total OI1,065,128.727744,3901,305,7361,122,978804,874

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$27.91$29.0036.7%10.5%31.7%0.0%37.3%2.4%0.7%-3.0M-57.7M-3.4M0.733.6811,3468,277754,695368,283
2023-05-02$26.88$29.0038.8%11.3%33.6%4.9%38.7%2.8%0.0%-7.2M76.8M-3.2M11.705.3013,471157,674760,894367,877
2023-05-03$26.84$29.0039.0%11.6%33.6%5.3%41.6%3.0%-0.0%-32.5M147.9M-3.3M1.813.1713,20023,933763,273491,760
2023-05-04$27.32$29.0039.8%11.7%34.0%7.0%39.8%2.8%0.0%-8.7M-15.7M-3.4M2.313.666,19614,310772,791410,397
2023-05-05$27.68$29.0038.9%11.2%33.7%5.1%39.4%2.8%0.2%-29.0K-68.5M-3.4M0.603.1822,22713,347774,934414,055
2023-05-08$27.45$29.0039.4%11.5%33.5%6.2%39.6%3.2%0.8%-355.9K-46.0M-3.3M1.052.8311,17311,783763,135350,009
2023-05-09$26.82$29.0039.4%11.4%34.2%6.1%39.4%3.3%0.4%-2.9M24.3M-3.1M1.283.4212,20215,636766,892354,524
2023-05-10$26.68$29.0039.6%11.4%30.4%6.6%39.3%3.0%0.1%-4.4M36.2M-3.2M0.933.4022,24620,752773,874362,741
2023-05-11$27.55$29.0038.9%11.2%31.2%5.2%39.0%2.8%0.3%69.3K-72.4M-3.4M0.482.7221,12610,217788,987373,945
2023-05-12$26.77$29.0039.1%11.4%32.3%5.8%40.1%2.1%0.8%-1.5M15.3M-3.3M0.122.42101,40012,603797,129372,161
2023-05-15$28.34$29.0040.9%11.7%37.7%10.0%42.1%0.3%-1.1%16.7M-270.8M-3.6M0.173.87108,38818,597862,877358,792
2023-05-16$28.05$28.0041.3%11.8%37.8%11.9%42.4%1.5%-1.0%17.0M-231.7M-3.5M0.323.5332,95710,584893,943362,123
2023-05-17$27.98$28.0039.9%11.4%37.5%8.3%40.4%0.9%-0.7%18.0M-232.4M-3.5M0.312.6344,11513,820911,215366,288
2023-05-18$26.88$29.0039.2%11.3%39.7%6.5%40.6%0.8%-0.8%3.7M-28.6M-3.3M0.602.6722,48413,520928,395367,534
2023-05-19$26.62$29.0038.3%11.0%39.2%4.2%39.6%1.7%-0.4%270.8K-4.1M-3.3M1.142.5518,54721,125940,171365,565
2023-05-22$27.19$29.0037.6%10.9%39.5%2.4%38.7%1.6%0.3%4.0M-97.1M-3.4M0.553.2220,16511,169491,150253,240
2023-05-23$26.29$29.0037.0%10.7%39.5%1.0%38.0%1.3%0.3%829.5K-8.1M-3.2M0.553.1118,73710,323503,296260,524
2023-05-24$25.91$28.0038.4%11.4%39.0%4.4%40.6%1.4%0.6%35.7K16.9M-3.2M0.213.1837,1437,821509,266261,198
2023-05-25$25.38$28.0039.7%11.7%38.9%7.9%42.0%2.5%-0.1%-34.8K55.0M-3.1M0.242.6738,3659,228535,077263,783
2023-05-26$26.11$28.0038.7%11.3%40.3%5.2%40.6%1.8%0.3%7.0M-28.7M-3.3M0.383.4122,0598,392548,400266,545
2023-05-30$25.13$28.0039.9%12.0%42.1%8.3%42.8%2.9%-0.8%135.1K68.9M-3.0M0.962.8319,76018,983536,007260,213
2023-05-31$24.91$28.0039.9%11.9%40.4%8.2%42.7%2.8%-0.5%-697.5K88.4M-2.9M0.473.2140,80019,171538,403266,471