KWEB Options History — May 2024

In May 2024, KWEB traded between $28.12 and $32.22. ATM implied volatility averaged 31.6%, placing in the 22.4% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded below realized volatility by 5.6% (HV 20d: 37.2%). Max pain ranged from $25.00 to $29.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.48.

Notable Days

  • 2024-05-02: Highest Volume — 461,746 contracts
  • 2024-05-02: Largest IV spike — 9.8% change
  • 2024-05-02: Highest IV Rank — 43.8%
  • 2024-05-02: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.38$28.12$32.22$28.12$29.13
Max Pain$27.91$25.00$29.00$25.00$29.00
ATM IV31.6%28.2%35.7%32.5%28.2%
Expected Move9.0%8.2%10.9%9.4%8.2%
HV 20d37.2%28.6%40.2%30.7%28.6%
HV 60d31.7%30.7%32.3%31.7%31.3%
IV Rank22.4%4.3%43.8%27.2%4.3%
IV Percentile14.5%0.8%36.5%17.9%0.8%
Term Structure-0.4%-1.6%0.4%-0.8%-0.3%
VWIV31.9%28.6%38.0%32.8%28.6%
Skew 25d-1.2%-2.1%-0.4%-0.7%-0.8%
Skew 10d-2.0%-4.4%-0.9%-1.4%-1.1%
Call IV 25d32.6%29.3%37.2%33.1%29.3%
Put IV 25d31.4%28.1%35.1%32.4%28.4%
Bid-Ask Spread %32.8319.4655.9528.3425.47
Gamma HHI0.120.090.170.170.09
Net GEX60.0M16.8M85.5M68.1M16.8M
Net DEX-1.71B-2.95B-637.7M-1.28B-637.7M
Net VEX-7.9M-8.9M-6.8M-6.8M-7.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.480.201.410.410.37
Total Volume139,24535,450461,74635,45062,164
Total OI2,014,978.2271,876,2082,334,7661,876,2082,010,827

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-05-01$28.12$25.0032.5%9.4%30.7%27.2%32.8%-0.7%-0.8%68.1M-1.28B-6.8M0.4128.3425,19010,2601,370,610505,598
2024-05-02$30.12$25.0035.7%10.9%38.3%43.8%38.0%-2.1%-0.3%77.5M-2.16B-7.1M0.2633.87365,24296,5041,386,501512,096
2024-05-03$30.61$26.0033.7%10.1%38.4%33.7%35.1%-1.7%-1.6%71.7M-2.21B-7.5M0.5730.15113,94664,6391,368,286576,369
2024-05-06$30.43$28.0034.1%9.5%38.6%35.6%33.5%-1.8%-0.1%71.1M-2.04B-7.6M0.5248.2238,77820,2531,373,896568,853
2024-05-07$29.74$28.0033.1%9.4%39.9%30.0%32.7%-0.8%-0.0%69.7M-1.76B-7.5M0.5955.9567,17939,7491,385,354581,565
2024-05-08$29.59$28.0032.0%9.1%39.9%24.4%31.9%-1.1%-0.2%65.3M-1.60B-7.4M0.3719.4685,29631,6231,365,020602,948
2024-05-09$30.16$28.0031.9%9.0%40.2%23.7%31.5%-0.8%-0.1%71.0M-1.87B-7.8M0.2531.8381,10920,0511,402,629621,109
2024-05-10$30.05$28.0032.0%9.0%36.3%24.6%31.8%-1.2%-1.5%69.7M-1.86B-7.9M0.5227.5455,85528,9281,438,796633,940
2024-05-13$31.23$27.0034.5%9.7%37.5%37.9%34.0%-0.7%-0.4%76.0M-2.38B-7.9M0.3533.22211,14773,6411,437,648619,700
2024-05-14$30.91$27.0032.7%9.2%37.5%28.2%32.5%-1.6%-0.5%73.7M-2.24B-8.3M0.4341.4365,50328,2211,484,826652,683
2024-05-15$31.27$28.0032.6%9.2%37.0%27.7%32.6%-1.5%-0.7%74.6M-2.39B-8.1M0.2023.7255,62310,9481,476,528669,643
2024-05-16$32.19$28.0033.9%9.6%37.6%34.4%34.2%-2.0%-0.6%85.5M-2.82B-8.1M0.2038.99361,50272,2671,502,747675,297
2024-05-17$32.22$28.0031.4%9.0%37.1%21.6%31.6%-1.7%-0.4%80.5M-2.95B-8.9M0.3937.88153,46759,4011,599,948734,818
2024-05-20$31.86$28.0031.1%8.9%36.3%19.8%31.4%-1.2%0.4%68.5M-1.92B-8.5M0.5627.8278,35744,0291,320,362576,535
2024-05-21$31.11$29.0030.4%8.7%37.3%16.1%30.7%-1.3%0.2%64.7M-1.57B-8.5M0.8025.7631,95725,5631,343,400604,703
2024-05-22$30.80$29.0029.4%8.4%37.2%11.0%31.1%-1.3%-1.1%57.8M-1.44B-8.5M0.4337.9441,26717,6381,358,553624,129
2024-05-23$29.91$29.0029.7%8.5%39.1%12.3%29.7%-0.4%0.2%38.4M-1.03B-8.2M0.2643.13175,79145,0211,360,630635,538
2024-05-24$29.81$29.0028.5%8.2%38.1%6.1%28.7%-1.2%-0.3%29.8M-898.4M-7.9M1.4123.2845,01063,6571,332,727668,147
2024-05-28$29.80$29.0029.5%8.3%38.1%11.4%30.0%-1.1%-0.4%33.2M-932.0M-7.8M0.6635.4663,14841,4421,314,595666,549
2024-05-29$29.46$29.0029.3%8.3%36.8%10.6%29.7%-0.5%-0.5%25.6M-780.0M-7.5M0.8830.3723,41320,5311,312,650666,022
2024-05-30$29.80$29.0029.0%8.3%36.9%8.7%29.2%-0.9%-0.6%31.6M-923.6M-7.6M0.2222.3539,4068,6741,316,435670,311
2024-05-31$29.13$29.0028.2%8.2%28.6%4.3%28.6%-0.8%-0.3%16.8M-637.7M-7.5M0.3725.4745,39016,7741,335,710675,117