KWEB Options History — January 2025

In January 2025, KWEB traded between $27.31 and $32.28. ATM implied volatility averaged 34.4%, placing in the 23.5% IV rank vs the trailing year. The 30-day expected move averaged 9.8%. IV traded above realized volatility by 6.2% (HV 20d: 28.2%). Max pain ranged from $30.00 to $31.00. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.37.

Notable Days

  • 2025-01-28: Highest Volume — 429,811 contracts
  • 2025-01-06: Largest IV spike — 16.1% change
  • 2025-01-30: Highest IV Rank — 39.7%
  • 2025-01-28: Largest Expected Move — 11.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.41$27.31$32.28$28.72$31.34
Max Pain$30.10$30.00$31.00$30.00$30.00
ATM IV34.4%29.6%41.3%30.9%37.4%
Expected Move9.8%8.2%11.5%8.7%10.9%
HV 20d28.2%19.2%43.1%43.1%30.5%
HV 60d38.8%36.8%46.0%46.0%38.5%
IV Rank23.5%12.2%39.7%15.1%30.6%
IV Percentile63.7%34.1%87.3%44.0%77.4%
Term Structure-0.1%-11.5%2.3%1.1%1.8%
VWIV36.0%31.3%41.5%31.3%38.8%
Skew 25d-3.6%-23.6%9.3%-5.2%-3.8%
Skew 10d-7.5%-27.1%11.2%-23.3%-15.1%
Call IV 25d37.0%33.1%42.6%34.9%39.8%
Put IV 25d33.4%19.0%45.0%29.7%36.0%
Bid-Ask Spread %21.653.2147.149.2047.14
Gamma HHI0.100.070.210.080.07
Net GEX34.3M-11.9M101.2M10.0M83.9M
Net DEX-421.9M-1.89B523.7M48.8M-1.38B
Net VEX-6.6M-9.5M-5.0M-5.9M-9.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.370.081.380.550.27
Total Volume185,756.860,390429,81189,647252,525
Total OI2,362,1531,662,7832,782,3252,504,9892,539,385

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-01-02$28.72$30.0030.9%8.7%43.1%15.1%31.3%-5.2%1.1%10.0M48.8M-5.9M0.559.2057,74731,9001,759,972745,017
2025-01-03$28.95$30.0029.6%8.2%43.0%12.2%31.8%-4.7%0.2%11.6M-7.6M-6.1M0.2121.87106,72422,4081,786,590762,782
2025-01-06$28.52$31.0034.4%9.5%43.1%23.5%33.1%9.3%1.8%7.9M110.7M-5.8M1.3837.0071,30098,5371,800,767762,453
2025-01-07$28.34$31.0033.1%9.6%42.8%20.4%35.3%-4.5%0.5%-1.1M194.9M-5.7M0.5518.2961,64834,0041,823,224793,338
2025-01-08$28.23$30.0032.6%9.6%22.3%19.3%35.2%-2.7%0.5%-6.1M235.5M-5.6M0.579.4938,54721,8431,846,794794,573
2025-01-10$27.31$30.0031.9%9.3%19.2%17.6%34.7%-2.7%0.2%-11.5M523.7M-5.1M0.898.2083,56174,5571,867,878791,280
2025-01-13$27.49$30.0033.6%9.6%19.8%21.6%35.7%-2.9%-0.4%-11.9M430.7M-5.0M0.1925.9775,51314,3791,856,750783,060
2025-01-14$28.16$30.0034.2%9.7%22.4%22.9%35.5%-2.6%-0.2%522.9K113.7M-5.4M0.499.7394,29646,4071,900,936767,887
2025-01-15$28.59$30.0032.6%9.3%23.4%19.2%34.6%-2.3%-0.1%14.2M-70.6M-5.7M0.356.1449,13916,9751,934,101777,943
2025-01-16$28.55$30.0032.8%9.4%22.5%19.7%35.1%-2.6%0.1%13.8M-45.3M-5.6M0.2321.8885,55919,3201,945,102780,879
2025-01-17$29.39$30.0037.3%10.5%24.7%30.3%39.2%-4.0%-0.6%47.5M-586.3M-6.6M0.163.21221,06036,2522,014,280768,045
2025-01-21$29.59$30.0034.3%9.8%23.4%23.2%35.2%-3.4%0.4%40.8M-510.6M-6.4M0.2422.1099,41023,5881,199,403463,380
2025-01-22$29.38$30.0034.9%10.0%23.5%24.8%37.8%-2.6%0.2%36.1M-458.3M-6.4M0.0923.55142,19612,2191,236,899471,345
2025-01-23$29.45$30.0032.9%9.4%23.4%19.9%33.4%-2.8%0.7%47.7M-506.8M-6.6M0.2717.4076,28120,5021,329,645477,091
2025-01-24$30.54$30.0033.6%9.6%26.9%21.6%35.7%-3.1%-0.1%89.8M-970.9M-7.1M0.207.49234,97447,7051,357,903486,612
2025-01-27$30.84$30.0035.0%10.0%27.0%24.9%36.3%-4.0%1.0%59.4M-998.7M-7.4M0.2120.77219,68246,2701,383,567487,531
2025-01-28$31.39$30.0039.3%11.5%27.7%35.0%41.5%-0.6%-11.5%67.3M-1.36B-8.5M0.0837.59398,44431,3671,530,075524,971
2025-01-29$31.23$30.0036.3%10.5%27.1%28.0%38.1%-3.8%1.0%85.1M-1.32B-8.6M0.2739.66251,18367,6211,726,808551,257
2025-01-30$32.28$30.0041.3%11.3%27.9%39.7%40.7%-23.6%2.3%101.2M-1.89B-9.5M0.2746.30338,23391,2601,815,729597,808
2025-01-31$31.34$30.0037.4%10.9%30.5%30.6%38.8%-3.8%1.8%83.9M-1.38B-9.5M0.2747.14198,54753,9781,912,613626,772