KWEB Options History — December 2024

In December 2024, KWEB traded between $29.15 and $34.16. ATM implied volatility averaged 32.6%, placing in the 19.2% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded below realized volatility by 10.8% (HV 20d: 43.4%). Max pain ranged from $29.00 to $30.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.31.

Notable Days

2024-12-09: Highest Volume — 550,399 contracts
2024-12-09: Largest IV spike — 27.7% change
2024-12-09: Highest IV Rank — 42.7%
2024-12-09: Largest Expected Move — 11.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$30.79	$29.15	$34.16	$31.16	$29.23
Max Pain	$29.67	$29.00	$30.00	$30.00	$30.00
ATM IV	32.6%	27.6%	42.5%	27.6%	29.6%
Expected Move	9.5%	8.4%	11.7%	10.3%	8.8%
HV 20d	43.4%	35.9%	47.0%	42.1%	42.8%
HV 60d	54.2%	46.0%	59.4%	55.2%	46.0%
IV Rank	19.2%	7.4%	42.7%	7.4%	12.2%
IV Percentile	50.9%	19.4%	87.7%	19.4%	33.7%
Term Structure	1.4%	-1.3%	15.3%	15.3%	7.3%
VWIV	37.8%	34.3%	45.1%	36.5%	40.2%
Skew 25d	-3.0%	-8.7%	12.4%	7.2%	-0.7%
Skew 10d	-12.8%	-31.4%	7.8%	-5.0%	-11.7%
Call IV 25d	34.5%	20.1%	47.4%	20.8%	33.9%
Put IV 25d	31.5%	28.0%	46.7%	28.0%	33.1%
Bid-Ask Spread %	20.20	5.14	48.80	21.06	9.26
Gamma HHI	0.10	0.07	0.35	0.09	0.07
Net GEX	38.9M	-38.2M	93.4M	57.2M	20.5M
Net DEX	-859.9M	-2.85B	-114.9M	-1.08B	-157.4M
Net VEX	-7.5M	-9.2M	-6.3M	-8.0M	-6.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.31	0.06	0.66	0.39	0.06
Total Volume	162,457.333	33,964	550,399	79,601	118,024
Total OI	2,966,318.762	2,407,996	3,363,178	2,971,907	2,491,333

Daily Data (21 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
2024-12-02	$31.16	$30.00	27.6%	10.3%	42.1%	7.4%	36.5%	7.2%	15.3%	57.2M	-1.08B	-8.0M	0.39	21.06	57,401	22,200	2,071,335	900,572
2024-12-03	$31.12	$30.00	33.1%	10.5%	41.9%	20.4%	37.6%	-4.2%	-0.7%	58.3M	-1.06B	-8.0M	0.50	12.28	88,884	44,565	2,079,963	909,463
2024-12-04	$30.59	$30.00	33.8%	10.4%	41.1%	22.0%	36.2%	12.4%	-1.3%	44.8M	-747.8M	-7.8M	0.27	32.07	171,760	46,834	2,109,307	941,914
2024-12-05	$30.77	$30.00	32.9%	9.3%	40.7%	19.9%	34.5%	-2.9%	-0.4%	53.2M	-874.2M	-7.6M	0.51	12.68	36,185	18,435	2,151,241	930,279
2024-12-06	$31.12	$29.00	33.3%	9.4%	35.9%	20.9%	34.9%	4.9%	-1.3%	58.7M	-1.12B	-7.9M	0.66	7.87	70,516	46,456	2,170,471	942,774
2024-12-09	$34.16	$29.00	42.5%	11.7%	43.3%	42.7%	42.1%	-0.7%	0.9%	93.4M	-2.85B	-9.2M	0.42	18.41	386,824	163,575	2,137,652	958,989
2024-12-10	$32.55	$29.00	38.8%	11.1%	47.0%	34.0%	45.1%	-8.6%	0.3%	66.0M	-1.87B	-8.8M	0.21	15.54	206,404	42,635	2,169,921	1,029,603
2024-12-11	$32.06	$29.00	37.9%	10.7%	44.3%	31.8%	43.1%	-8.7%	-0.7%	56.2M	-1.57B	-8.7M	0.20	34.52	137,555	27,633	2,213,180	1,054,241
2024-12-12	$32.19	$29.00	31.3%	9.7%	44.1%	16.1%	36.6%	-6.9%	5.2%	68.3M	-1.64B	-8.2M	0.24	47.37	88,608	21,502	2,272,932	1,063,425
2024-12-13	$31.66	$29.00	31.7%	9.3%	44.2%	17.1%	35.6%	-4.9%	0.9%	61.1M	-1.28B	-7.6M	0.32	5.14	104,499	33,173	2,295,586	1,067,592
2024-12-16	$30.95	$29.00	32.1%	9.3%	45.0%	18.0%	35.1%	-6.7%	-0.5%	43.7M	-844.7M	-7.3M	0.10	10.76	237,444	24,614	2,251,467	1,007,643
2024-12-17	$30.41	$30.00	32.1%	9.2%	45.0%	18.0%	34.3%	-5.7%	0.7%	27.1M	-413.0M	-7.2M	0.34	8.14	123,801	42,136	2,204,390	1,023,966
2024-12-18	$29.69	$30.00	32.3%	9.3%	45.7%	18.6%	42.8%	-6.7%	-0.1%	-358.1K	-200.2M	-6.6M	0.39	48.80	89,994	35,520	2,257,206	978,532
2024-12-19	$29.79	$30.00	31.9%	9.1%	45.2%	17.6%	35.8%	-5.2%	0.0%	11.5M	-295.1M	-6.7M	0.53	39.51	99,873	52,803	2,276,415	959,736
2024-12-20	$30.01	$30.00	30.9%	8.9%	45.0%	15.2%	36.4%	-5.4%	0.0%	-38.2M	-263.4M	-6.7M	0.17	31.60	236,026	40,619	2,233,292	938,208
2024-12-23	$30.02	$30.00	30.9%	8.9%	44.2%	15.3%	37.2%	-3.4%	1.7%	29.9M	-440.7M	-7.2M	0.18	18.71	64,820	11,728	1,678,364	729,632
2024-12-24	$30.09	$30.00	29.8%	8.4%	44.1%	12.6%	35.1%	-5.3%	-0.1%	30.5M	-485.5M	-7.1M	0.15	11.60	29,640	4,324	1,700,310	731,802
2024-12-26	$30.14	$30.00	30.5%	8.6%	44.1%	14.4%	40.9%	-5.4%	0.6%	29.2M	-472.8M	-7.0M	0.17	8.88	78,484	13,316	1,711,133	731,819
2024-12-27	$29.70	$30.00	30.1%	8.5%	42.7%	13.3%	36.0%	-5.3%	0.9%	26.7M	-282.7M	-6.7M	0.45	8.75	35,265	15,968	1,744,086	734,202
2024-12-30	$29.15	$30.00	30.9%	8.7%	43.1%	15.2%	37.5%	0.1%	1.1%	19.0M	-114.9M	-6.3M	0.29	21.32	187,145	54,416	1,717,266	721,452
2024-12-31	$29.23	$30.00	29.6%	8.8%	42.8%	12.2%	40.2%	-0.7%	7.3%	20.5M	-157.4M	-6.4M	0.06	9.26	111,872	6,152	1,746,420	744,913