KWEB Options History — February 2024

In February 2024, KWEB traded between $23.19 and $26.14. ATM implied volatility averaged 38.9%, placing in the 45.5% IV rank vs the trailing year. The 30-day expected move averaged 11.2%. IV traded above realized volatility by 0.4% (HV 20d: 38.4%). Max pain ranged from $24.00 to $25.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.30.

Notable Days

2024-02-06: Highest Volume — 278,171 contracts
2024-02-06: Largest IV spike — 7.5% change
2024-02-06: Highest IV Rank — 56.1%
2024-02-06: Largest Expected Move — 11.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.88	$23.19	$26.14	$23.68	$25.38
Max Pain	$24.25	$24.00	$25.00	$25.00	$24.00
ATM IV	38.9%	36.6%	41.2%	36.6%	37.0%
Expected Move	11.2%	10.6%	11.7%	10.7%	10.6%
HV 20d	38.4%	32.9%	42.5%	32.9%	36.0%
HV 60d	33.5%	31.3%	34.6%	31.3%	33.6%
IV Rank	45.5%	34.9%	56.1%	34.9%	36.7%
IV Percentile	55.3%	30.2%	72.2%	30.2%	34.9%
Term Structure	-0.2%	-2.3%	2.0%	0.4%	-0.8%
VWIV	40.1%	37.8%	41.9%	37.8%	37.9%
Skew 25d	-0.8%	-2.0%	2.7%	0.1%	-1.1%
Skew 10d	-2.5%	-3.8%	0.2%	-1.4%	-2.4%
Call IV 25d	40.0%	37.1%	42.6%	37.1%	38.4%
Put IV 25d	39.2%	37.2%	41.4%	37.2%	37.2%
Bid-Ask Spread %	9.37	2.58	40.08	40.08	30.28
Gamma HHI	0.12	0.09	0.18	0.09	0.14
Net GEX	50.1M	18.5M	80.1M	26.3M	55.0M
Net DEX	-706.5M	-1.14B	-69.0M	-223.6M	-756.2M
Net VEX	-6.8M	-7.4M	-6.1M	-6.6M	-6.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.30	0.12	0.65	0.24	0.29
Total Volume	100,230.7	40,921	278,171	58,370	45,444
Total OI	2,311,801.65	2,030,310	2,552,537	2,387,960	2,092,051

Daily Data (20 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
2024-02-01	$23.68	$25.00	36.6%	10.7%	32.9%	34.9%	37.8%	0.1%	0.4%	26.3M	-223.6M	-6.6M	0.24	40.08	47,144	11,226	1,898,517	489,443
2024-02-02	$23.19	$25.00	36.9%	10.7%	33.3%	36.3%	37.9%	-0.8%	-0.2%	18.5M	-69.0M	-6.2M	0.35	8.08	150,155	53,222	1,909,965	493,011
2024-02-05	$23.37	$25.00	38.4%	11.1%	33.5%	43.1%	39.7%	-0.3%	0.4%	23.3M	-166.2M	-6.1M	0.25	7.08	55,334	13,607	1,869,120	476,815
2024-02-06	$24.88	$25.00	41.2%	11.7%	41.1%	56.1%	41.8%	-1.2%	-0.4%	53.7M	-807.1M	-7.4M	0.12	17.69	248,121	30,050	1,889,248	481,457
2024-02-07	$24.44	$25.00	39.2%	11.3%	41.1%	47.0%	40.2%	-1.1%	0.2%	47.1M	-584.1M	-7.0M	0.31	7.40	173,452	52,922	1,964,990	496,698
2024-02-08	$24.01	$24.00	38.0%	11.1%	41.5%	41.5%	41.8%	-1.3%	1.0%	36.7M	-406.1M	-6.8M	0.24	3.23	62,459	14,960	2,021,953	527,640
2024-02-09	$24.30	$24.00	38.6%	11.2%	41.1%	44.0%	39.4%	-0.7%	0.3%	40.6M	-523.5M	-7.0M	0.65	3.37	58,534	37,966	2,020,881	531,656
2024-02-12	$24.99	$24.00	39.5%	11.3%	42.5%	48.2%	40.2%	-0.8%	0.3%	52.7M	-815.2M	-7.2M	0.22	3.36	84,372	18,915	1,967,915	526,758
2024-02-13	$24.26	$24.00	40.2%	11.5%	41.2%	51.4%	41.9%	-0.7%	-2.3%	35.5M	-471.0M	-6.8M	0.27	4.14	36,276	9,700	1,969,375	529,936
2024-02-14	$25.09	$24.00	39.9%	11.4%	41.5%	50.1%	40.4%	-0.9%	0.2%	50.8M	-842.0M	-7.1M	0.22	2.58	61,946	13,864	1,965,293	531,568
2024-02-15	$25.20	$24.00	40.0%	11.5%	41.5%	50.7%	40.6%	-1.0%	-0.2%	50.4M	-882.4M	-7.2M	0.37	7.77	59,856	21,897	1,982,250	533,113
2024-02-16	$25.43	$24.00	39.8%	11.4%	41.6%	49.5%	41.0%	-2.0%	0.3%	64.4M	-1.02B	-7.2M	0.21	9.34	110,266	23,569	1,995,033	541,688
2024-02-20	$24.94	$24.00	40.3%	11.7%	40.6%	51.9%	41.4%	-0.7%	-0.7%	47.5M	-702.3M	-6.7M	0.54	7.05	26,636	14,285	1,592,009	438,301
2024-02-21	$25.37	$24.00	40.2%	11.5%	37.9%	51.3%	40.8%	-1.3%	-0.7%	56.1M	-862.2M	-6.9M	0.25	4.83	66,477	16,915	1,599,868	447,617
2024-02-22	$25.73	$24.00	39.1%	11.3%	36.9%	46.3%	39.9%	-0.7%	-0.6%	67.4M	-1.01B	-7.0M	0.57	3.66	51,876	29,466	1,623,282	459,335
2024-02-23	$25.88	$24.00	38.3%	11.1%	36.8%	42.8%	39.7%	-0.5%	-0.3%	80.1M	-1.05B	-7.0M	0.36	3.64	60,575	21,695	1,639,481	477,647
2024-02-26	$25.82	$24.00	38.9%	11.3%	36.6%	45.7%	40.9%	2.7%	2.0%	66.5M	-998.6M	-6.9M	0.13	3.67	55,589	7,483	1,608,647	470,017
2024-02-27	$26.14	$24.00	38.5%	11.1%	35.2%	43.6%	39.6%	-1.9%	-2.2%	72.1M	-1.14B	-6.9M	0.16	8.21	58,190	9,396	1,604,748	472,865
2024-02-28	$25.41	$24.00	37.6%	11.0%	35.9%	39.6%	39.7%	-1.5%	-0.8%	57.3M	-794.3M	-6.4M	0.18	11.93	76,856	13,918	1,617,159	478,683
2024-02-29	$25.38	$24.00	37.0%	10.6%	36.0%	36.7%	37.9%	-1.1%	-0.8%	55.0M	-756.2M	-6.3M	0.29	30.28	35,191	10,253	1,607,855	484,196