KWEB Options History — June 2023

In June 2023, KWEB traded between $26.18 and $29.81. ATM implied volatility averaged 38.1%, placing in the 3.9% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded below realized volatility by 4.8% (HV 20d: 42.9%). Max pain ranged from $26.00 to $28.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.34.

Notable Days

  • 2023-06-14: Highest Volume — 215,514 contracts
  • 2023-06-14: Largest IV spike — 8.1% change
  • 2023-06-14: Highest IV Rank — 9.0%
  • 2023-06-02: Largest Expected Move — 11.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.68$26.18$29.81$26.18$26.95
Max Pain$26.43$26.00$28.00$28.00$27.00
ATM IV38.1%35.3%40.2%39.5%35.3%
Expected Move11.0%10.0%11.9%11.8%10.0%
HV 20d42.9%36.9%47.3%44.7%36.9%
HV 60d37.9%37.0%38.8%38.0%38.4%
IV Rank3.9%0.0%9.0%7.3%0.0%
IV Percentile5.7%0.0%16.3%9.1%0.0%
Term Structure0.0%-1.4%0.9%-0.6%-0.0%
VWIV39.4%35.1%43.8%42.8%35.3%
Skew 25d-0.3%-2.0%2.2%2.2%0.4%
Skew 10d-1.0%-4.4%4.2%4.2%1.4%
Call IV 25d39.2%35.8%42.4%39.3%35.8%
Put IV 25d38.8%36.2%41.5%41.5%36.2%
Bid-Ask Spread %3.792.408.283.292.77
Gamma HHI0.110.070.330.090.10
Net GEX18.8M4.6M46.8M4.6M16.9M
Net DEX-306.5M-765.2M-73.8M-73.8M-160.6M
Net VEX-3.8M-4.4M-3.3M-3.3M-3.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.340.061.120.100.48
Total Volume69,422.09516,573215,51479,43737,127
Total OI941,281.571831,9911,077,040831,991994,704

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-06-01$26.18$28.0039.5%11.8%44.7%7.3%42.8%2.2%-0.6%4.6M-73.8M-3.3M0.103.2972,3557,082570,647261,344
2023-06-02$27.02$27.0039.1%11.9%45.7%6.2%43.8%1.0%-1.4%11.4M-201.4M-3.5M0.283.1156,10115,629598,017261,335
2023-06-05$26.73$26.0039.0%11.1%45.6%6.0%38.8%1.0%0.1%10.8M-157.9M-3.4M1.122.959,85411,071612,088251,267
2023-06-06$27.70$26.0039.6%11.2%47.3%7.4%41.3%-1.6%-0.1%15.5M-299.3M-3.6M0.258.2889,45922,179614,204258,768
2023-06-07$27.46$26.0039.8%11.2%46.7%7.9%41.5%-2.0%-0.3%18.9M-305.1M-3.7M0.173.0232,9135,686681,716261,467
2023-06-08$27.84$26.0038.5%11.2%46.8%4.8%39.8%-1.5%0.1%22.7M-355.9M-3.8M0.303.6238,80211,655685,633263,320
2023-06-09$27.93$26.0037.1%10.8%45.5%1.2%39.5%-1.0%0.6%38.0M-357.9M-3.7M0.512.9928,42814,554670,833258,505
2023-06-12$27.84$26.0038.0%10.9%44.1%3.4%40.3%-1.2%-0.1%20.9M-333.1M-3.6M0.372.9123,1058,452657,847253,419
2023-06-13$28.45$26.0037.2%10.7%39.9%1.3%38.2%-0.9%0.0%24.8M-431.0M-3.7M0.142.9244,9756,419665,562256,700
2023-06-14$29.24$26.0040.2%11.6%40.8%9.0%41.7%-1.4%0.1%26.5M-573.0M-3.9M0.065.27204,04611,468663,108257,944
2023-06-15$29.81$26.0040.1%11.6%41.2%8.7%42.5%-1.0%0.7%36.6M-765.2M-4.4M0.113.36168,30618,020753,605262,140
2023-06-16$29.52$26.0039.1%11.2%38.3%6.2%40.1%-1.1%0.1%46.8M-684.3M-4.4M0.362.7950,58418,300805,787271,253
2023-06-20$27.86$26.0037.7%10.8%44.1%2.6%38.9%-0.8%0.5%16.3M-306.0M-3.9M0.392.4073,91728,575674,764237,924
2023-06-21$27.56$26.0037.9%10.9%43.7%3.1%38.3%0.4%-0.0%15.1M-265.5M-3.9M0.892.9916,27514,561714,446260,545
2023-06-22$27.54$27.0037.3%10.7%41.8%1.5%38.5%-0.7%0.2%14.5M-250.0M-3.9M0.363.9612,2284,345716,980267,735
2023-06-23$26.74$27.0037.1%10.6%42.9%1.0%39.3%0.3%-0.3%8.8M-127.3M-3.7M0.116.1099,77611,365722,218269,444
2023-06-26$26.96$26.5037.2%10.6%42.2%1.3%37.2%0.5%0.2%9.6M-157.3M-3.7M0.333.1216,8515,532661,255263,609
2023-06-27$27.76$26.5038.0%11.0%42.2%3.5%38.7%0.0%-0.0%14.1M-276.1M-3.9M0.222.5451,95811,337669,641266,274
2023-06-28$27.38$27.0036.0%10.0%39.9%0.0%35.1%0.0%0.3%12.6M-221.5M-3.8M0.563.5114,9778,341698,838275,414
2023-06-29$26.80$27.0035.6%10.2%40.7%0.0%36.6%0.1%0.9%8.7M-134.0M-3.6M0.087.6874,9576,299702,109274,504
2023-06-30$26.95$27.0035.3%10.0%36.9%0.0%35.3%0.4%-0.0%16.9M-160.6M-3.6M0.482.7725,02712,100718,116276,588