KWEB Options History — March 2024

In March 2024, KWEB traded between $24.61 and $27.12. ATM implied volatility averaged 33.9%, placing in the 23.3% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded above realized volatility by 1.3% (HV 20d: 32.6%). Max pain ranged from $24.00 to $26.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.42.

Notable Days

  • 2024-03-13: Highest Volume — 562,685 contracts
  • 2024-03-11: Largest IV spike — 5.5% change
  • 2024-03-04: Highest IV Rank — 40.7%
  • 2024-03-04: Largest Expected Move — 10.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.01$24.61$27.12$25.98$26.24
Max Pain$25.50$24.00$26.00$24.00$26.00
ATM IV33.9%28.0%37.8%36.9%28.0%
Expected Move9.7%7.8%10.7%10.7%7.8%
HV 20d32.6%30.1%38.8%36.5%30.2%
HV 60d34.9%33.3%36.5%33.6%33.3%
IV Rank23.3%0.0%40.7%36.2%0.0%
IV Percentile18.5%0.0%46.0%33.7%0.0%
Term Structure-0.0%-1.3%0.9%-0.9%0.2%
VWIV34.1%27.5%37.6%37.5%27.5%
Skew 25d-0.8%-2.1%1.0%-1.2%-1.0%
Skew 10d-1.8%-4.0%0.0%-3.2%-1.5%
Call IV 25d34.7%28.6%38.5%38.5%28.6%
Put IV 25d33.8%27.6%37.8%37.3%27.6%
Bid-Ask Spread %20.633.5439.333.5439.33
Gamma HHI0.150.110.480.480.13
Net GEX55.9M28.8M176.0M176.0M42.4M
Net DEX-809.6M-1.47B-419.7M-1.01B-660.2M
Net VEX-6.5M-7.4M-5.6M-6.5M-6.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.420.081.020.160.75
Total Volume100,892.6527,507562,685124,04138,874
Total OI1,902,201.151,640,8272,269,1512,097,7461,676,424

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-03-01$25.98$24.0036.9%10.7%36.5%36.2%37.5%-1.2%-0.9%176.0M-1.01B-6.5M0.163.54107,17516,8661,606,980490,766
2024-03-04$25.18$25.0037.8%10.7%37.7%40.7%37.6%-0.8%-0.1%40.5M-619.9M-6.0M0.418.6160,07824,7081,530,760475,298
2024-03-05$24.61$25.0037.5%10.6%38.8%39.0%37.5%-1.3%-0.5%28.8M-419.7M-5.6M0.549.0730,71816,4731,537,376478,894
2024-03-06$25.06$25.0036.7%10.5%32.4%35.5%37.1%-0.5%-0.1%37.8M-555.5M-5.8M0.5110.8730,51615,6261,544,160489,011
2024-03-07$24.91$25.0036.1%10.3%31.8%32.7%36.6%-0.6%0.1%31.6M-484.7M-5.6M0.6218.4684,86452,2261,543,764493,970
2024-03-08$24.95$25.0034.7%10.0%31.0%26.5%35.5%-0.8%0.1%31.3M-554.9M-6.0M0.4310.2361,33226,6041,576,575505,000
2024-03-11$25.70$25.0036.6%10.5%32.4%35.2%36.9%-1.2%-0.1%56.5M-809.8M-6.1M0.0823.70139,02211,5581,538,094501,774
2024-03-12$26.74$25.0035.9%10.3%33.8%31.7%36.7%-0.2%-0.0%91.6M-1.26B-6.6M0.1521.07111,23617,1261,581,167507,774
2024-03-13$27.12$25.0036.1%10.3%31.6%32.7%36.4%-2.1%-0.4%103.3M-1.47B-6.8M0.1027.52509,45753,2281,608,582511,644
2024-03-14$26.38$26.0035.4%10.2%31.9%30.8%35.8%-0.6%0.4%70.2M-1.12B-7.3M0.6119.7233,14220,3151,708,584543,145
2024-03-15$26.31$26.0034.9%10.0%31.9%28.5%35.3%-1.6%-0.4%48.7M-1.11B-7.2M0.4810.9851,61824,9801,719,737549,414
2024-03-18$26.54$26.0035.0%10.0%31.9%28.9%35.5%-1.2%0.4%47.0M-873.0M-7.3M0.4214.9419,4328,0751,273,297367,530
2024-03-19$26.45$26.0034.4%9.9%31.0%26.3%35.1%-1.3%0.4%47.1M-847.5M-7.2M0.3615.7123,4448,4741,283,698373,570
2024-03-20$27.01$26.0032.6%9.3%31.2%17.4%32.8%-0.3%0.7%55.4M-1.01B-7.4M0.6521.2432,12620,9741,284,403379,132
2024-03-21$26.64$26.0031.3%8.9%31.5%11.3%31.2%-0.6%-1.3%51.1M-865.8M-7.1M1.0226.8120,29820,6871,283,094377,935
2024-03-22$26.20$26.0030.6%8.8%32.1%8.2%30.7%-0.7%0.2%41.5M-685.5M-6.8M0.2132.16116,32924,1391,294,852388,958
2024-03-25$26.11$26.0029.7%8.4%32.1%3.6%29.8%1.0%-0.7%41.4M-654.7M-6.5M0.1930.6382,53415,6241,296,980388,505
2024-03-26$26.05$26.0028.9%8.3%31.9%0.0%29.0%-1.0%0.6%38.8M-604.9M-6.4M0.2130.9230,5386,5181,275,420398,933
2024-03-27$26.02$26.0028.8%8.0%30.1%0.0%28.1%-0.5%0.9%37.7M-581.2M-6.3M0.4737.0534,69316,2261,258,663400,160
2024-03-28$26.24$26.0028.0%7.8%30.2%0.0%27.5%-1.0%0.2%42.4M-660.2M-6.4M0.7539.3322,22916,6451,274,088402,336