KWEB Options History — April 2026

In April 2026, KWEB traded between $28.02 and $30.45. ATM implied volatility averaged 33.8%, placing in the 19.5% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded above realized volatility by 1.5% (HV 20d: 32.2%). Max pain ranged from $29.00 to $31.00. Net GEX was positive for 12 of 12 trading days. Term structure was in contango for 7 of 12 days. Put/call ratio averaged 0.31.

Notable Days

2026-04-17: Highest Volume — 431,988 contracts
2026-04-09: Largest IV drop — 8.4% change
2026-04-21: Highest IV Rank — 32.3%
2026-04-06: Largest Expected Move — 10.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$28.98	$28.02	$30.45	$28.31	$29.36
Max Pain	$30.08	$29.00	$31.00	$29.00	$30.00
ATM IV	33.8%	31.9%	35.9%	34.8%	32.5%
Expected Move	9.7%	9.2%	10.3%	10.0%	9.3%
HV 20d	32.2%	30.8%	33.4%	33.4%	31.0%
HV 60d	27.7%	26.3%	28.7%	28.7%	27.6%
IV Rank	19.5%	14.6%	32.3%	19.3%	32.3%
IV Percentile	71.4%	61.5%	77.4%	74.6%	66.7%
Term Structure	0.2%	-1.3%	1.5%	1.4%	-0.1%
VWIV	33.9%	31.7%	35.7%	33.5%	34.1%
Skew 25d	2.6%	-0.2%	5.1%	5.1%	0.3%
Skew 10d	7.3%	0.5%	16.1%	9.2%	5.0%
Call IV 25d	33.8%	31.6%	35.7%	34.0%	34.0%
Put IV 25d	36.4%	33.6%	39.3%	39.1%	34.3%
Bid-Ask Spread %	16.20	11.68	23.89	23.89	23.81
Gamma HHI	0.10	0.09	0.14	0.09	0.11
Net GEX	45.3M	8.5M	94.4M	15.0M	76.1M
Net DEX	59.2M	-1.13B	651.9M	564.8M	-367.9M
Net VEX	-9.8M	-12.2M	-8.4M	-9.0M	-11.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.31	0.11	0.70	0.70	0.27
Total Volume	150,824.75	49,507	431,988	129,445	141,267
Total OI	3,133,944.333	2,949,485	3,564,808	3,035,741	3,072,321

Daily Data (12 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
2026-04-01	$28.31	$29.00	34.8%	10.0%	33.4%	19.3%	33.5%	5.1%	1.4%	15.0M	564.8M	-9.0M	0.70	23.89	76,243	53,202	2,186,957	848,784
2026-04-02	$28.02	$31.00	35.4%	10.1%	33.2%	20.2%	35.0%	4.4%	1.0%	11.7M	646.0M	-8.7M	0.42	12.69	39,313	16,596	2,204,920	839,156
2026-04-06	$28.18	$31.00	35.9%	10.3%	32.6%	21.2%	34.7%	3.8%	0.4%	12.5M	558.3M	-8.6M	0.52	11.68	32,519	16,988	2,127,403	822,082
2026-04-07	$28.02	$30.00	35.9%	10.3%	32.2%	21.0%	35.7%	4.2%	0.6%	8.5M	651.9M	-8.4M	0.40	12.41	42,376	17,159	2,151,019	833,553
2026-04-09	$28.79	$30.00	32.8%	9.4%	32.5%	16.0%	32.9%	3.8%	-0.4%	28.0M	351.0M	-9.1M	0.41	14.46	47,948	19,788	2,234,183	852,205
2026-04-10	$28.74	$30.00	32.9%	9.4%	31.4%	16.1%	32.1%	4.1%	-1.3%	27.3M	355.1M	-8.9M	0.11	14.54	162,817	18,665	2,251,456	853,447
2026-04-13	$28.70	$30.00	31.9%	9.2%	30.8%	14.6%	31.7%	2.0%	1.2%	30.5M	343.0M	-8.9M	0.13	13.99	95,870	12,306	2,322,832	842,462
2026-04-14	$29.34	$30.00	33.2%	9.5%	31.8%	16.7%	33.1%	2.2%	0.1%	63.0M	-54.2M	-9.6M	0.13	15.81	236,626	30,763	2,383,940	843,931
2026-04-15	$29.60	$30.00	32.7%	9.4%	31.9%	15.8%	33.2%	1.1%	1.5%	86.0M	-355.5M	-10.6M	0.26	15.00	130,974	34,667	2,517,965	862,396
2026-04-17	$30.45	$30.00	33.6%	9.6%	33.1%	17.2%	35.2%	0.3%	-1.3%	90.9M	-1.13B	-12.0M	0.13	15.25	382,714	49,274	2,678,759	886,049
2026-04-20	$30.29	$30.00	33.6%	9.6%	33.1%	23.1%	35.1%	-0.2%	-0.2%	94.4M	-857.0M	-12.2M	0.22	20.91	124,340	27,482	2,210,083	781,429
2026-04-21	$29.36	$30.00	32.5%	9.3%	31.0%	32.3%	34.1%	0.3%	-0.1%	76.1M	-367.9M	-11.5M	0.27	23.81	110,826	30,441	2,274,555	797,766