KWEB Options History — January 2024

In January 2024, KWEB traded between $23.16 and $26.49. ATM implied volatility averaged 35.8%, placing in the 29.9% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 2.4% (HV 20d: 33.4%). Max pain ranged from $25.00 to $27.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.39.

Notable Days

  • 2024-01-24: Highest Volume — 431,994 contracts
  • 2024-01-29: Largest IV spike — 8.7% change
  • 2024-01-22: Highest IV Rank — 50.8%
  • 2024-01-22: Largest Expected Move — 11.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.75$23.16$26.49$26.05$23.41
Max Pain$25.71$25.00$27.00$26.00$25.00
ATM IV35.8%31.9%40.1%36.1%37.8%
Expected Move10.3%9.2%11.7%10.2%10.9%
HV 20d33.4%30.7%36.7%31.2%33.3%
HV 60d31.2%29.9%32.4%32.2%32.3%
IV Rank29.9%12.6%50.8%26.3%40.7%
IV Percentile26.7%4.0%62.7%23.0%43.3%
Term Structure0.0%-0.7%0.6%-0.1%0.2%
VWIV37.0%33.1%42.0%37.5%38.3%
Skew 25d-1.2%-3.5%0.7%-3.5%-0.3%
Skew 10d-3.1%-8.6%0.5%-8.6%-0.7%
Call IV 25d37.0%33.3%40.8%38.7%38.9%
Put IV 25d35.8%31.4%40.9%35.1%38.6%
Bid-Ask Spread %39.8910.1461.4415.5427.40
Gamma HHI0.110.090.170.110.09
Net GEX23.2M-312.9K51.0M29.0M23.0M
Net DEX-207.0M-582.4M305.1M-386.5M-167.9M
Net VEX-5.4M-6.8M-4.3M-5.1M-6.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.390.070.770.300.15
Total Volume154,59055,922431,994142,66882,129
Total OI2,163,726.4761,750,1852,491,7901,911,3842,367,371

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-01-02$26.05$26.0036.1%10.2%31.2%26.3%37.5%-3.5%-0.1%29.0M-386.5M-5.1M0.3015.54109,54333,1251,472,602438,782
2024-01-03$26.49$26.0035.0%9.9%30.7%22.2%36.1%-2.0%0.5%39.0M-554.5M-5.4M0.4212.9078,91933,2811,539,076459,394
2024-01-04$26.26$27.0034.0%9.8%30.8%18.3%34.8%-2.1%0.3%35.4M-478.8M-5.3M0.4937.3937,41318,5091,579,488473,944
2024-01-05$25.89$27.0032.4%9.5%31.1%12.6%34.9%-2.9%0.6%22.7M-294.7M-5.1M0.2732.15120,84233,1571,589,516487,796
2024-01-08$25.62$27.0033.3%9.6%31.2%16.0%35.1%-1.7%-0.0%17.6M-209.0M-5.0M0.1617.30104,85316,6661,625,080496,555
2024-01-09$25.16$26.0033.0%9.5%31.6%16.2%34.0%-1.4%-0.0%8.5M-71.8M-4.7M0.5010.1448,15124,1901,648,113493,813
2024-01-10$25.11$26.0031.9%9.2%31.5%13.0%33.1%-1.6%0.2%6.9M-74.2M-4.6M0.3960.0162,68624,7381,661,938488,260
2024-01-11$25.59$26.0033.7%9.6%32.1%21.0%34.7%-1.8%-0.0%20.2M-306.0M-5.0M0.3553.57166,06357,3041,689,357485,926
2024-01-12$25.48$26.0033.3%9.4%32.0%19.8%34.0%-1.8%-0.1%8.2M-311.0M-5.6M0.7057.4472,74551,2631,792,482516,263
2024-01-16$24.44$26.0034.3%9.8%34.1%24.7%35.8%-0.8%0.3%-312.9K125.0M-4.6M0.7261.4481,28358,4661,775,595501,243
2024-01-17$23.77$26.0037.2%10.7%34.9%37.8%37.2%0.7%-0.4%2.8M305.1M-4.3M0.7758.61125,46096,7341,810,419520,767
2024-01-18$23.77$26.0036.8%10.6%33.7%36.1%37.3%-0.1%-0.4%8.0M243.7M-4.4M0.3855.89134,44151,2171,887,762516,716
2024-01-19$23.87$25.0037.7%10.9%33.2%39.9%39.1%-1.4%-0.7%17.2M177.2M-4.8M0.3959.48180,89270,6091,961,953529,837
2024-01-22$23.16$25.0040.1%11.7%33.7%50.8%42.0%0.1%-0.2%18.8M-23.6M-4.7M0.3833.41147,32656,1451,407,346342,839
2024-01-23$24.24$25.0039.5%11.5%36.7%48.1%41.8%-0.6%-0.2%35.0M-347.4M-5.8M0.2636.97178,83746,1821,502,575382,247
2024-01-24$24.93$25.0038.3%11.0%36.3%42.7%40.1%-1.1%0.1%46.1M-582.4M-6.4M0.0749.57403,72328,2711,576,948413,325
2024-01-25$24.74$25.0036.1%10.4%36.2%32.9%36.2%-1.1%0.3%51.0M-576.4M-6.8M0.7542.6453,65540,3521,753,690431,935
2024-01-26$24.49$25.0034.7%10.2%36.3%26.5%36.2%-0.8%0.3%44.9M-460.7M-6.6M0.4246.1388,01236,8821,807,473467,640
2024-01-29$23.89$25.0037.8%11.1%35.3%40.4%39.4%-0.1%-0.5%30.6M-244.6M-6.2M0.2634.5256,29414,8821,779,992475,906
2024-01-30$23.38$25.0038.0%11.2%35.0%41.3%39.8%-0.8%0.1%22.6M-109.2M-5.9M0.1035.16110,14711,0031,804,980481,312
2024-01-31$23.41$25.0037.8%10.9%33.3%40.7%38.3%-0.3%0.2%23.0M-167.9M-6.5M0.1527.4071,54010,5891,883,249484,122