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KraneShares CSI China Internet ETF — Your statistical edge in selling KWEB options, quantified
KraneShares CSI China Internet ETF (KWEB) operates in the ETF - International sector and has actively traded listed options. KWEB options appear underpriced — realized vol 36.0% exceeds IV 30d 35.1% (-0.9pp). VRP sits at the 18th percentile, trending lower. Negative VRP means the market underestimates actual movement, unfavorable for premium sellers. See Premium Selling for the full setup.
VRP in Context
Volatility risk premium = implied vol minus realized volatility. Positive VRP = options are overpriced.
Options are priced above recent realized movement, which can give premium sellers a statistical edge. A positive VRP means you're selling options for more than they're statistically worth.
Look at the VRP trend and percentile to decide if the edge is strong enough to trade.
VRP = IV 30d − RV 20d (annualized, in percentage points)ORATS 30-day implied volatility, ORATS close-to-close 20-day realized volatility
ORATS IV data + ORATS close-to-close HV 20d
VRP is backward-looking for RV and forward-looking for IV. A positive VRP does not guarantee profitable premium selling — it measures the current pricing gap, not future outcomes.
90-day VRP history chart, percentile vs 252-day range, and VRP-optimized strategy matching — in active development.
This data is free for all users. No paywall — just not built yet.
Quantitative screening, not investment advice. Verify with your broker. Disclaimer
KraneShares CSI China Internet ETF's VRP has turned negative at -0.9pp, meaning realized volatility exceeds what the options market is pricing in. The stock is moving 36.0% annualized while options price only 35.1% — the opposite of what premium sellers need. Selling options in this environment means being systematically underpaid for the risk taken. This is the market telling you that actual risk is higher than perceived risk. Consider waiting for VRP to recover above +2pp before initiating new short premium positions, or look at other tickers where conditions are more favorable.
KraneShares CSI China Internet ETF's VRP of -0.9pp measures the difference between what the options market expects (35.1% implied) and what is actually occurring (36.0% realized). Premium sellers profit when this gap is positive — they collect more in premium than the stock's movement costs them. VRP varies over time and across stocks, which is why monitoring it daily helps traders identify when conditions shift in or out of their favor.
KraneShares CSI China Internet ETF's VRP trend shows compression — the edge for premium sellers is shrinking. Implied volatility is declining faster than realized vol, squeezing the premium available to sellers. Falling VRP doesn't necessarily mean the edge is gone, but it does signal deteriorating conditions. Tighten position sizes, favor shorter expirations that limit exposure to further compression, and be prepared to pause if VRP approaches zero.
KraneShares CSI China Internet ETF's VRP is currently -0.9pp, derived from the difference between implied volatility (35.1%) and realized volatility (36.0%). A negative VRP means the stock is actually moving more than options price in, so selling premium is unfavorable right now.
No — KraneShares CSI China Internet ETF's negative VRP of -0.9pp indicates the stock is moving more than options prices reflect. Selling premium here means being underpaid for the risk. Wait for VRP to recover above +2pp or look at other tickers with stronger conditions.
KraneShares CSI China Internet ETF's VRP is at the 18th percentile — below its 252-day average. This means current conditions are weaker than usual for this particular stock. Reduced position sizes or waiting for VRP expansion would be prudent.
A declining VRP trend on KraneShares CSI China Internet ETF means the edge for premium sellers is compressing. This can happen either because IV is dropping (less premium to collect) or because realized vol is rising (more risk per dollar of premium). While VRP is still negative, the direction matters — falling VRP may continue to compress. Tighten position sizes and consider shorter expirations to reduce exposure to further deterioration.
IV Rank tells you if KraneShares CSI China Internet ETF's options are expensive compared to their own history — currently 31.2%. VRP tells you if they're expensive compared to what the stock ACTUALLY does — currently -0.9pp. Together they provide a complete picture — IV Rank for historical context, VRP for current edge.