KWEB Options History — July 2023

In July 2023, KWEB traded between $26.49 and $32.02. ATM implied volatility averaged 40.1%, placing in the 11.7% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 0.4% (HV 20d: 39.7%). Max pain ranged from $27.00 to $29.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.32.

Notable Days

  • 2023-07-28: Highest Volume — 376,372 contracts
  • 2023-07-28: Largest IV spike — 7.4% change
  • 2023-07-31: Highest IV Rank — 24.7%
  • 2023-07-31: Largest Expected Move — 13.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.85$26.49$32.02$27.55$32.02
Max Pain$28.10$27.00$29.00$27.00$29.00
ATM IV40.1%35.9%45.4%35.9%45.4%
Expected Move11.6%10.1%13.6%10.1%13.6%
HV 20d39.7%35.2%45.1%36.0%45.1%
HV 60d39.7%38.1%42.2%38.4%42.2%
IV Rank11.7%1.4%24.7%1.4%24.7%
IV Percentile20.4%0.8%38.5%0.8%38.5%
Term Structure-0.0%-0.8%0.8%0.1%-0.8%
VWIV41.5%35.8%48.6%35.8%48.6%
Skew 25d-0.9%-2.4%0.0%-0.1%-1.9%
Skew 10d-1.2%-3.5%0.3%0.3%-1.6%
Call IV 25d41.5%36.5%47.3%36.5%47.3%
Put IV 25d40.6%36.3%45.4%36.3%45.4%
Bid-Ask Spread %5.192.1827.213.082.36
Gamma HHI0.090.070.110.100.07
Net GEX27.6M8.6M46.5M15.5M46.5M
Net DEX-518.9M-1.23B-101.9M-250.8M-1.23B
Net VEX-4.1M-5.7M-3.4M-3.7M-5.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.320.100.800.380.31
Total Volume101,354.4521,851376,37221,851121,982
Total OI1,107,486.05966,8641,356,320966,8641,356,320

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-07-03$27.55$27.0035.9%10.1%36.0%1.4%35.8%-0.1%0.1%15.5M-250.8M-3.7M0.383.0815,7796,072697,765269,099
2023-07-05$27.34$27.0036.6%10.5%35.9%3.3%37.2%-0.6%0.1%14.6M-223.0M-3.5M0.262.4828,6777,572702,997273,394
2023-07-06$26.49$28.0037.8%10.9%35.2%6.2%39.3%-0.1%0.2%8.6M-101.9M-3.4M0.7427.2114,26910,610725,775278,191
2023-07-07$27.52$28.0037.9%10.9%37.9%6.3%38.7%-0.3%0.1%20.3M-268.6M-3.7M0.443.6146,12920,166732,659283,910
2023-07-10$27.54$28.0039.1%11.2%37.6%9.4%39.8%-0.9%0.0%16.5M-262.4M-3.6M0.802.3627,82222,337725,493284,769
2023-07-11$27.95$28.0039.9%11.4%37.9%11.2%41.3%-0.6%0.2%19.8M-328.0M-3.8M0.362.2048,48617,405726,842287,460
2023-07-12$29.13$28.0039.7%11.4%40.6%10.8%40.8%-1.2%0.2%30.9M-568.3M-4.1M0.113.04152,16616,343751,034302,849
2023-07-13$30.16$28.0039.5%11.4%41.7%10.3%40.9%-0.7%0.8%40.5M-794.6M-4.3M0.132.50181,22722,935780,427307,998
2023-07-14$29.30$28.0039.3%11.2%42.1%9.8%40.1%-0.5%0.0%32.8M-585.1M-4.1M0.2910.2159,14016,920786,638319,741
2023-07-17$29.13$28.0039.9%11.4%41.5%11.3%40.2%0.0%-0.0%30.7M-530.5M-4.0M0.492.6024,20011,812771,464313,577
2023-07-18$27.99$28.0040.4%11.6%43.7%12.5%42.1%-0.1%-0.3%20.4M-307.7M-3.8M0.102.18190,20918,232776,003317,739
2023-07-19$28.34$28.0040.8%11.7%38.8%13.4%42.3%-0.3%-0.5%25.3M-411.9M-4.0M0.322.6353,22417,111844,105324,024
2023-07-20$28.09$28.0040.4%11.6%38.7%12.5%40.9%-0.4%-0.3%24.0M-364.9M-3.9M0.3317.8026,0278,653880,059337,314
2023-07-21$28.14$28.0039.8%11.4%38.7%11.0%40.3%-0.9%0.0%25.3M-391.7M-3.9M0.362.3145,02516,207889,046336,333
2023-07-24$29.39$28.0042.5%12.4%39.7%17.6%45.4%-1.2%-0.2%28.2M-587.1M-4.3M0.215.22129,41527,141769,951293,647
2023-07-25$29.51$28.0042.0%12.2%39.7%16.4%44.0%-2.2%-0.2%35.2M-651.5M-4.5M0.173.9072,28611,937854,410302,571
2023-07-26$30.14$29.0041.7%12.2%39.1%15.6%43.9%-2.4%-0.4%39.5M-791.6M-4.5M0.252.6047,25211,684872,841307,873
2023-07-27$29.52$29.0040.1%11.5%39.6%11.9%42.1%-1.5%0.1%36.7M-630.0M-4.4M0.142.8691,75212,513885,110312,796
2023-07-28$31.70$29.0043.1%12.7%45.1%19.2%45.6%-2.4%0.1%39.8M-1.10B-4.8M0.312.56286,91889,454848,989318,508
2023-07-31$32.02$29.0045.4%13.6%45.1%24.7%48.6%-1.9%-0.8%46.5M-1.23B-5.7M0.312.3692,80429,178999,178357,142