KWEB Options History — June 2025

In June 2025, KWEB traded between $33.19 and $35.06. ATM implied volatility averaged 30.1%, placing in the 9.6% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded above realized volatility by 4.4% (HV 20d: 25.7%). Max pain ranged from $31.00 to $34.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.41.

Notable Days

2025-06-09: Highest Volume — 197,618 contracts
2025-06-05: Largest IV drop — 5.2% change
2025-06-04: Highest IV Rank — 14.2%
2025-06-04: Largest Expected Move — 9.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$34.23	$33.19	$35.06	$33.19	$34.28
Max Pain	$32.55	$31.00	$34.00	$33.00	$34.00
ATM IV	30.1%	27.9%	32.9%	31.8%	28.4%
Expected Move	8.6%	7.9%	9.6%	9.1%	7.9%
HV 20d	25.7%	21.1%	30.2%	29.4%	24.9%
HV 60d	42.2%	41.4%	43.9%	43.9%	41.4%
IV Rank	9.6%	5.8%	14.2%	12.3%	6.6%
IV Percentile	30.2%	20.2%	46.0%	38.5%	20.2%
Term Structure	-0.1%	-2.8%	0.5%	-0.4%	0.1%
VWIV	30.6%	27.8%	34.0%	32.1%	28.2%
Skew 25d	-0.0%	-1.4%	1.0%	0.9%	-1.4%
Skew 10d	0.9%	-15.6%	17.7%	5.3%	-2.7%
Call IV 25d	30.8%	27.8%	33.6%	31.5%	30.2%
Put IV 25d	30.7%	28.3%	33.6%	32.4%	28.8%
Bid-Ask Spread %	46.50	25.54	62.18	41.49	30.00
Gamma HHI	0.10	0.07	0.14	0.08	0.09
Net GEX	48.4M	13.0M	110.5M	13.0M	35.3M
Net DEX	-846.2M	-1.36B	-382.9M	-476.0M	-693.8M
Net VEX	-6.8M	-7.6M	-6.0M	-6.9M	-6.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.41	0.10	1.65	0.41	0.36
Total Volume	73,708.3	32,999	197,618	35,571	39,532
Total OI	1,929,255.45	1,325,013	2,271,308	2,002,928	1,443,914

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
2025-06-02	$33.19	$33.00	31.8%	9.1%	29.4%	12.3%	32.1%	0.9%	-0.4%	13.0M	-476.0M	-6.9M	0.41	41.49	25,210	10,361	1,213,069	789,859
2025-06-03	$33.20	$33.00	31.7%	9.3%	29.4%	12.1%	33.4%	0.5%	0.1%	16.1M	-490.2M	-6.8M	0.18	36.73	45,603	8,192	1,232,043	793,639
2025-06-04	$33.91	$33.00	32.9%	9.6%	30.2%	14.2%	34.0%	0.7%	-2.8%	40.4M	-802.5M	-7.0M	0.11	25.54	90,627	10,403	1,266,480	796,506
2025-06-05	$34.20	$31.00	31.2%	9.0%	28.7%	11.3%	31.6%	-0.1%	0.3%	67.4M	-980.3M	-7.0M	0.74	36.35	43,126	32,107	1,331,755	800,459
2025-06-06	$34.25	$31.00	31.7%	9.0%	28.5%	12.1%	31.8%	-0.1%	-1.5%	68.5M	-1.00B	-7.0M	0.27	35.39	93,585	25,585	1,337,820	803,282
2025-06-09	$35.06	$31.00	32.4%	9.3%	28.8%	13.3%	33.6%	-0.2%	-0.1%	84.7M	-1.36B	-7.0M	0.35	53.57	145,961	51,657	1,331,409	790,660
2025-06-10	$34.95	$31.00	32.7%	9.4%	21.4%	13.9%	33.5%	0.0%	0.0%	91.5M	-1.33B	-7.6M	0.27	56.22	44,158	12,081	1,409,529	830,951
2025-06-11	$34.86	$32.00	31.1%	8.9%	21.4%	11.1%	31.8%	-0.0%	0.0%	104.1M	-1.31B	-7.4M	0.10	59.23	85,059	8,580	1,433,563	837,745
2025-06-12	$34.88	$32.00	30.0%	8.7%	21.1%	9.4%	30.4%	0.1%	0.2%	110.5M	-1.28B	-7.2M	0.41	61.12	23,412	9,587	1,423,578	841,602
2025-06-13	$33.94	$32.00	29.9%	8.7%	21.1%	9.2%	30.1%	0.5%	0.2%	30.5M	-713.1M	-6.8M	0.50	57.90	30,680	15,239	1,421,019	844,496
2025-06-16	$34.81	$32.00	29.7%	8.5%	23.0%	8.8%	30.6%	-0.7%	0.5%	61.9M	-1.09B	-6.8M	0.23	57.46	44,312	9,994	1,329,285	815,825
2025-06-17	$34.38	$33.00	28.9%	8.3%	23.4%	7.5%	29.5%	0.4%	-0.1%	47.6M	-890.6M	-6.5M	1.65	59.72	24,151	39,760	1,337,077	820,794
2025-06-18	$33.91	$33.00	28.4%	8.1%	24.0%	6.6%	28.8%	0.3%	0.1%	25.1M	-673.2M	-6.5M	0.60	62.18	32,466	19,372	1,338,037	838,422
2025-06-20	$33.23	$33.00	27.9%	8.0%	24.7%	5.8%	27.8%	0.5%	-0.0%	18.3M	-382.9M	-6.0M	0.46	33.99	122,326	56,697	1,350,309	840,658
2025-06-23	$33.61	$33.00	28.0%	8.0%	25.0%	6.0%	28.0%	0.6%	0.5%	18.8M	-468.2M	-6.0M	0.22	28.21	31,406	6,835	806,713	518,300
2025-06-24	$34.72	$33.00	28.8%	8.2%	27.6%	7.3%	28.9%	1.0%	0.3%	34.5M	-786.7M	-6.5M	0.57	61.49	37,095	21,308	825,645	522,342
2025-06-25	$34.41	$33.50	29.2%	8.3%	27.6%	8.0%	29.5%	-1.1%	0.4%	32.1M	-711.5M	-6.4M	0.25	46.21	55,192	13,851	841,411	537,990
2025-06-26	$34.30	$33.50	29.1%	8.3%	27.5%	7.9%	30.0%	-1.4%	0.5%	32.8M	-706.2M	-6.4M	0.22	43.95	54,461	11,732	876,487	547,398
2025-06-27	$34.47	$34.00	28.9%	8.1%	27.2%	7.4%	29.1%	-1.4%	-0.3%	35.8M	-774.8M	-6.8M	0.30	43.25	32,684	9,779	912,543	552,495
2025-06-30	$34.28	$34.00	28.4%	7.9%	24.9%	6.6%	28.2%	-1.4%	0.1%	35.3M	-693.8M	-6.5M	0.36	30.00	29,066	10,466	901,282	542,632