KXI Options History — January 2022

In January 2022, KXI traded between $61.78 and $65.33. ATM implied volatility averaged 18.4%, placing in the 9.8% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded above realized volatility by 8.7% (HV 20d: 9.7%). Max pain ranged from $62.00 to $62.00. Net GEX was positive for 9 of 20 trading days. Term structure was in contango for 0 of 20 days. Put/call ratio averaged 0.64.

Notable Days

2022-01-14: Highest Volume — 7 contracts
2022-01-27: Largest IV drop — 36.2% change
2022-01-26: Highest IV Rank — 19.4%
2022-01-26: Largest Expected Move — 8.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$63.64	$61.78	$65.33	$64.84	$62.81
Max Pain	$62.00	$62.00	$62.00	$62.00	$62.00
ATM IV	18.4%	14.4%	30.4%	15.6%	18.8%
Expected Move	5.0%	3.7%	8.7%	4.5%	5.4%
HV 20d	9.7%	8.1%	11.1%	9.6%	11.1%
HV 60d	10.3%	9.7%	11.0%	9.7%	10.9%
IV Rank	9.8%	6.6%	19.4%	7.5%	10.1%
IV Percentile	67.1%	39.4%	94.8%	54.2%	71.7%
Term Structure	-3.1%	-8.1%	-0.0%	-3.2%	-4.5%
VWIV	23.1%	20.4%	24.6%	20.4%	24.1%
Skew 25d	1.7%	0.7%	3.1%	1.8%	2.6%
Skew 10d	2.3%	-0.3%	6.6%	3.0%	1.7%
Call IV 25d	18.6%	13.8%	32.5%	18.0%	19.9%
Put IV 25d	20.3%	15.6%	35.2%	19.8%	22.5%
Bid-Ask Spread %	135.35	125.81	150.84	149.78	131.90
Gamma HHI	0.58	0.33	1.00	0.34	0.79
Net GEX	391	-1.7K	1.6K	928	1.6K
Net DEX	-19.5K	-27.4K	-15.0K	-25.3K	-21.7K
Net VEX	-53	-71	-36	-71	-54
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.64	0.00	1.00	1.00	0.00
Total Volume	5.65	4	7	6	4
Total OI	6.8	5	9	9	5

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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-01-03	$64.84	$62.00	15.6%	4.5%	9.6%	7.5%	20.4%	1.8%	-3.2%	928	-25.3K	-71	1.00	149.78	N/A	N/A	3	3	6	3
2022-01-04	$65.33	$62.00	17.1%	4.9%	8.2%	8.7%	24.6%	1.0%	-3.7%	891	-27.4K	-67	1.00	150.84	N/A	N/A	3	3	6	3
2022-01-05	$64.95	$62.00	17.5%	5.0%	8.7%	9.0%	24.1%	0.7%	-4.3%	-37	-18.8K	-44	1.00	147.69	N/A	N/A	3	3	4	3
2022-01-06	$64.55	$0.00	17.8%	3.8%	9.2%	9.3%	0.0%	1.4%	-0.9%	-143	-17.8K	-48	1.00	129.82	N/A	N/A	3	3	4	3
2022-01-07	$64.68	$0.00	16.8%	3.7%	9.2%	8.5%	0.0%	1.8%	-0.4%	1.1K	-21.0K	-36	1.00	129.07	N/A	N/A	3	3	4	3
2022-01-10	$64.04	$0.00	20.4%	4.1%	9.3%	11.4%	0.0%	1.4%	-1.3%	-1.7K	-17.6K	-46	1.00	131.13	N/A	N/A	3	3	4	3
2022-01-11	$64.13	$0.00	20.1%	4.0%	9.3%	11.1%	0.0%	1.6%	-0.4%	-97	-16.5K	-46	1.00	128.55	N/A	N/A	3	3	4	3
2022-01-12	$64.23	$0.00	18.1%	5.2%	9.0%	9.5%	0.0%	1.8%	-3.6%	-137	-15.0K	-50	1.00	143.96	N/A	N/A	3	3	4	3
2022-01-13	$64.26	$0.00	14.4%	4.1%	8.7%	6.6%	0.0%	1.5%	-2.4%	-122	-18.6K	-39	1.00	131.72	N/A	N/A	3	3	4	3
2022-01-14	$64.28	$0.00	14.5%	4.2%	8.1%	6.6%	0.0%	2.2%	-2.3%	-72	-17.8K	-41	0.75	129.88	N/A	N/A	4	3	4	3
2022-01-18	$63.13	$0.00	15.8%	4.5%	10.0%	7.7%	0.0%	1.7%	-3.2%	-385	-17.5K	-60	0.75	131.35	N/A	N/A	4	3	5	3
2022-01-19	$63.69	$0.00	15.4%	4.4%	10.4%	7.3%	0.0%	1.8%	-3.2%	-138	-20.4K	-55	0.75	132.57	N/A	N/A	4	3	5	3
2022-01-20	$63.25	$0.00	15.6%	4.5%	10.7%	7.5%	0.0%	1.0%	-3.0%	-508	-17.9K	-58	0.75	129.51	N/A	N/A	4	3	5	3
2022-01-21	$63.17	$0.00	18.6%	5.3%	10.4%	9.9%	0.0%	1.6%	-3.7%	-431	-17.0K	-57	0.75	133.73	N/A	N/A	4	3	5	3
2022-01-24	$62.90	$0.00	18.4%	5.3%	10.5%	9.8%	0.0%	2.2%	-0.0%	1.5K	-21.0K	-56	0.00	125.81	N/A	N/A	4	0	5	0
2022-01-25	$62.46	$0.00	23.1%	6.6%	10.4%	13.5%	0.0%	1.5%	-4.8%	1.4K	-20.3K	-58	0.00	138.44	N/A	N/A	4	0	5	0
2022-01-26	$61.78	$0.00	30.4%	8.7%	10.6%	19.4%	0.0%	2.7%	-8.1%	1.2K	-18.5K	-60	0.00	145.89	N/A	N/A	4	0	5	0
2022-01-27	$62.06	$0.00	19.4%	5.6%	10.5%	10.6%	0.0%	1.1%	-5.0%	1.5K	-19.8K	-58	0.00	130.91	N/A	N/A	4	0	5	0
2022-01-28	$62.31	$0.00	20.5%	5.9%	10.7%	11.5%	0.0%	3.1%	-3.9%	1.5K	-20.0K	-57	0.00	134.52	N/A	N/A	4	0	5	0
2022-01-31	$62.81	$0.00	18.8%	5.4%	11.1%	10.1%	0.0%	2.6%	-4.5%	1.6K	-21.7K	-54	0.00	131.90	N/A	N/A	4	0	5	0