KXI Options History — July 2014

In July 2014, KXI traded between $43.38 and $45.44. ATM implied volatility averaged 8.8%, placing in the 11.5% IV rank vs the trailing year. The 30-day expected move averaged 2.8%. IV traded above realized volatility by 0.4% (HV 20d: 8.4%). Max pain ranged from $46.00 to $46.00. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 21 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2014-07-23: Highest Volume — 26 contracts
2014-07-10: Largest IV spike — 80.5% change
2014-07-31: Highest IV Rank — 26.3%
2014-07-31: Largest Expected Move — 3.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$44.96	$43.38	$45.44	$45.16	$43.38
Max Pain	$46.00	$46.00	$46.00	$46.00	$46.00
ATM IV	8.8%	5.2%	13.2%	7.5%	13.2%
Expected Move	2.8%	1.8%	3.7%	2.1%	3.7%
HV 20d	8.4%	6.8%	9.7%	8.1%	9.7%
HV 60d	7.4%	7.0%	8.4%	7.5%	8.4%
IV Rank	11.5%	0.0%	26.3%	6.4%	26.3%
IV Percentile	20.4%	0.0%	91.3%	3.7%	91.3%
Term Structure	0.7%	-1.3%	1.4%	1.0%	-1.3%
Skew 25d	3.2%	-0.3%	5.7%	3.1%	2.7%
Skew 10d	4.1%	0.7%	5.9%	2.2%	4.6%
Call IV 25d	7.0%	4.5%	10.6%	5.4%	10.6%
Put IV 25d	10.2%	5.3%	13.3%	8.5%	13.3%
Bid-Ask Spread %	63.97	10.21	131.50	119.00	49.59
Gamma HHI	0.43	0.27	0.64	0.37	0.40
Net GEX	5.0K	-6.0K	13.4K	480	1.8K
Net DEX	70.5K	-52.2K	156.0K	126.4K	22.1K
Net VEX	-409	-656	-255	-393	-548
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	3.364	0	26	0	0
Total OI	102.545	46	122	114	92

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Call OI	Put OI
2014-07-01	$45.16	$46.00	7.5%	2.1%	8.1%	6.4%	0.0%	3.1%	1.0%	480	126.4K	-393	119.00	N/A	N/A	0	40	74
2014-07-02	$45.20	$46.00	6.9%	2.0%	8.1%	4.4%	0.0%	1.3%	1.4%	285	133.8K	-380	129.78	N/A	N/A	0	40	74
2014-07-03	$45.44	$46.00	6.3%	1.8%	8.3%	2.5%	0.0%	-0.3%	1.4%	3.5K	113.3K	-408	131.50	N/A	N/A	0	40	74
2014-07-07	$45.25	$0.00	7.6%	2.5%	8.5%	6.8%	0.0%	5.3%	1.0%	1.4K	128.3K	-362	84.53	N/A	N/A	0	40	74
2014-07-08	$45.10	$0.00	8.9%	2.6%	8.5%	11.1%	0.0%	3.8%	1.0%	311	132.4K	-353	75.93	N/A	N/A	8	40	74
2014-07-09	$45.31	$0.00	5.2%	2.2%	8.7%	0.0%	0.0%	5.7%	1.0%	9.5K	105.2K	-377	78.86	N/A	N/A	0	48	74
2014-07-10	$45.08	$0.00	9.3%	2.7%	8.8%	13.6%	0.0%	5.5%	0.6%	7.0K	135.9K	-337	75.42	N/A	N/A	0	48	74
2014-07-11	$45.13	$0.00	9.0%	2.6%	8.7%	12.5%	0.0%	5.2%	0.6%	8.6K	137.8K	-317	79.43	N/A	N/A	0	48	74
2014-07-14	$45.38	$0.00	8.0%	2.3%	8.9%	9.2%	0.0%	2.9%	1.0%	8.9K	92.0K	-347	88.05	N/A	N/A	0	48	74
2014-07-15	$45.01	$0.00	8.6%	2.5%	9.2%	11.1%	0.0%	3.7%	1.2%	8.4K	144.2K	-266	94.80	N/A	N/A	0	48	74
2014-07-16	$45.15	$0.00	8.4%	2.4%	9.3%	10.6%	0.0%	3.9%	0.9%	6.4K	135.5K	-274	104.17	N/A	N/A	0	48	74
2014-07-17	$44.87	$0.00	9.8%	2.8%	8.9%	15.2%	0.0%	2.5%	0.0%	4.9K	156.0K	-300	57.96	N/A	N/A	0	48	74
2014-07-18	$45.19	$0.00	9.4%	2.7%	9.2%	13.8%	0.0%	2.5%	0.2%	5.9K	101.3K	-295	42.02	N/A	N/A	0	48	74
2014-07-21	$45.03	$0.00	9.5%	3.3%	9.3%	14.2%	0.0%	2.4%	0.1%	-5.8K	26.9K	-255	10.71	N/A	N/A	0	2	44
2014-07-22	$45.02	$0.00	8.7%	3.2%	9.2%	11.7%	0.0%	1.9%	0.4%	-6.0K	27.4K	-257	10.21	N/A	N/A	20	2	44
2014-07-23	$45.05	$0.00	9.1%	3.2%	6.8%	12.7%	0.0%	2.1%	0.4%	-520	-10.3K	-468	10.56	N/A	N/A	26	22	44
2014-07-24	$45.09	$0.00	8.7%	3.2%	6.8%	11.5%	0.0%	1.9%	0.8%	13.4K	-52.2K	-656	10.88	N/A	N/A	20	48	44
2014-07-25	$44.74	$0.00	9.2%	3.3%	7.3%	13.2%	0.0%	3.5%	1.3%	11.6K	-32.9K	-625	22.25	N/A	N/A	0	48	44
2014-07-28	$44.69	$0.00	9.7%	3.5%	7.3%	14.7%	0.0%	4.0%	0.7%	11.8K	-32.1K	-610	43.13	N/A	N/A	0	48	44
2014-07-29	$44.56	$0.00	9.3%	3.5%	7.3%	13.6%	0.0%	3.0%	1.1%	10.7K	-32.0K	-599	38.39	N/A	N/A	0	48	44
2014-07-30	$44.20	$0.00	10.6%	3.5%	7.5%	17.7%	0.0%	3.1%	0.1%	8.1K	-7.8K	-565	50.18	N/A	N/A	0	48	44
2014-07-31	$43.38	$0.00	13.2%	3.7%	9.7%	26.3%	0.0%	2.7%	-1.3%	1.8K	22.1K	-548	49.59	N/A	N/A	0	48	44