KXI Options History — December 2023

In December 2023, KXI traded between $57.90 and $59.76. ATM implied volatility averaged 18.2%, placing in the 27.5% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded above realized volatility by 7.3% (HV 20d: 10.9%). Max pain ranged from $55.00 to $60.00. Net GEX was positive for 6 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.00.

Notable Days

2023-12-20: Highest Volume — 4 contracts
2023-12-14: Largest IV spike — 83.1% change
2023-12-12: Highest IV Rank — 67.7%
2023-12-01: Largest Expected Move — 5.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$58.92	$57.90	$59.76	$59.05	$59.22
Max Pain	$58.55	$55.00	$60.00	$55.00	$60.00
ATM IV	18.2%	7.8%	33.9%	18.1%	17.6%
Expected Move	4.1%	2.2%	5.2%	5.2%	5.0%
HV 20d	10.9%	8.5%	14.7%	8.6%	14.3%
HV 60d	11.5%	10.8%	12.6%	11.1%	12.2%
IV Rank	27.5%	0.0%	67.7%	25.8%	27.1%
IV Percentile	52.0%	0.0%	97.6%	65.9%	65.5%
Term Structure	-1.8%	-6.0%	6.0%	-6.0%	-5.8%
Skew 25d	2.4%	-4.4%	8.1%	0.8%	6.3%
Skew 10d	0.2%	-6.7%	6.1%	1.2%	1.6%
Call IV 25d	11.8%	6.9%	20.0%	20.0%	10.8%
Put IV 25d	14.2%	8.5%	20.8%	20.8%	17.1%
Bid-Ask Spread %	135.25	130.84	138.25	138.25	137.00
Gamma HHI	0.48	0.30	1.00	0.31	0.52
Net GEX	-166	-1.3K	1.8K	-867	485
Net DEX	-1.4K	-13.0K	4.5K	1.9K	-12.8K
Net VEX	-24	-40	-5	-25	-35
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	0.25	0	4	0	0
Total OI	9.45	1	14	14	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	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2023-12-01	$59.05	$55.00	18.1%	5.2%	8.6%	25.8%	0.0%	0.8%	-6.0%	-867	1.9K	-25	138.25	N/A	N/A	0	0	1	13
2023-12-04	$59.04	$58.00	20.1%	4.3%	8.5%	31.2%	0.0%	2.2%	-2.3%	-841	1.8K	-22	136.67	N/A	N/A	0	0	1	13
2023-12-05	$58.68	$58.00	21.1%	4.6%	8.9%	33.8%	0.0%	6.3%	-2.5%	-640	2.3K	-20	136.76	N/A	N/A	0	0	1	13
2023-12-06	$58.45	$58.00	25.9%	2.6%	9.1%	46.3%	0.0%	6.9%	1.0%	-742	3.0K	-20	134.10	N/A	N/A	0	0	1	13
2023-12-07	$58.72	$58.00	23.3%	4.6%	9.0%	39.5%	0.0%	6.3%	-2.5%	-1.2K	3.8K	-25	134.73	N/A	N/A	0	0	1	13
2023-12-08	$58.52	$58.00	27.6%	4.6%	9.1%	50.8%	0.0%	8.1%	-2.4%	-759	2.4K	-19	135.06	N/A	N/A	0	0	1	13
2023-12-11	$58.76	$58.00	30.4%	4.8%	9.2%	58.3%	0.0%	6.5%	-2.6%	-1.2K	3.7K	-21	133.92	N/A	N/A	0	1	1	13
2023-12-12	$58.91	$58.00	33.9%	4.5%	9.1%	67.7%	0.0%	4.5%	-2.6%	-1.1K	3.2K	-19	133.43	N/A	N/A	0	0	1	13
2023-12-13	$59.76	$58.00	7.8%	2.2%	9.0%	0.0%	0.0%	-0.5%	4.9%	-1.3K	1.8K	-17	130.84	N/A	N/A	0	0	1	13
2023-12-14	$59.34	$58.00	14.3%	4.1%	9.5%	18.1%	0.0%	2.3%	-2.0%	-1.2K	2.8K	-17	135.48	N/A	N/A	0	0	1	13
2023-12-15	$59.06	$58.00	14.8%	4.2%	8.8%	19.2%	0.0%	3.8%	-1.8%	-1.2K	3.1K	-14	133.52	N/A	N/A	0	0	1	13
2023-12-18	$59.50	$58.00	15.0%	4.3%	9.1%	19.9%	0.0%	-4.4%	-1.4%	-40	-683	-12	135.11	N/A	N/A	0	0	1	1
2023-12-19	$59.70	$58.00	8.5%	2.4%	9.1%	1.7%	0.0%	-2.7%	6.0%	-106	-1.2K	-11	136.53	N/A	N/A	0	0	1	1
2023-12-20	$57.90	$60.00	13.6%	3.9%	14.6%	16.1%	0.0%	-4.4%	-2.6%	-304	4.5K	-5	135.03	N/A	N/A	4	0	0	1
2023-12-21	$58.20	$60.00	14.6%	4.2%	14.5%	18.7%	0.0%	1.1%	-1.6%	1.7K	-6.8K	-40	135.23	N/A	N/A	0	0	4	1
2023-12-22	$58.58	$60.00	13.2%	3.8%	14.6%	14.8%	0.0%	4.4%	-2.9%	1.7K	-8.3K	-40	135.41	N/A	N/A	0	0	4	1
2023-12-26	$58.83	$60.00	14.9%	4.3%	14.7%	19.5%	0.0%	-3.3%	-3.1%	1.7K	-9.0K	-37	134.23	N/A	N/A	0	0	4	1
2023-12-27	$59.06	$60.00	14.2%	4.1%	14.7%	17.7%	0.0%	2.2%	-2.6%	1.8K	-10.4K	-36	136.13	N/A	N/A	0	0	4	1
2023-12-28	$59.16	$60.00	16.1%	4.6%	14.4%	23.0%	0.0%	1.8%	-3.3%	898	-13.0K	-36	137.57	N/A	N/A	0	0	4	1
2023-12-29	$59.22	$60.00	17.6%	5.0%	14.3%	27.1%	0.0%	6.3%	-5.8%	485	-12.8K	-35	137.00	N/A	N/A	0	0	4	1