KXI Options History — January 2025

In January 2025, KXI traded between $58.53 and $61.83. ATM implied volatility averaged 20.7%, placing in the 28.6% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded above realized volatility by 10.5% (HV 20d: 10.3%). Max pain ranged from $60.00 to $65.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.00.

Notable Days

2025-01-10: Highest Volume — 1 contracts
2025-01-15: Largest IV drop — 67.8% change
2025-01-14: Highest IV Rank — 100.0%
2025-01-03: Largest Expected Move — 5.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$59.94	$58.53	$61.83	$60.03	$61.23
Max Pain	$60.63	$60.00	$65.00	$65.00	$60.00
ATM IV	20.7%	14.1%	45.0%	18.3%	16.8%
Expected Move	4.4%	3.8%	5.3%	5.2%	4.8%
HV 20d	10.3%	8.7%	13.2%	9.4%	13.2%
HV 60d	10.1%	9.3%	11.4%	9.4%	11.4%
IV Rank	28.6%	8.8%	100.0%	21.4%	16.7%
IV Percentile	54.7%	16.7%	100.0%	64.3%	53.2%
Term Structure	-2.1%	-5.8%	10.3%	-5.0%	-3.5%
VWIV	16.7%	14.4%	19.0%	19.0%	14.4%
Skew 25d	0.5%	-0.3%	1.5%	-0.3%	0.3%
Skew 10d	-1.4%	-3.8%	0.9%	-1.3%	0.6%
Call IV 25d	17.6%	15.0%	22.9%	22.8%	19.3%
Put IV 25d	18.2%	15.3%	23.7%	22.5%	19.6%
Bid-Ask Spread %	171.59	159.62	178.23	159.62	176.01
Gamma HHI	0.48	0.34	0.80	0.59	0.34
Net GEX	-335	-639	-128	-223	-250
Net DEX	8.8K	2.8K	14.7K	10.3K	3.9K
Net VEX	-14	-20	-6	-12	-17
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	0.1	0	1	0	0
Total OI	4.3	2	6	5	3

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
2025-01-02	$60.03	$65.00	18.3%	5.2%	9.4%	21.4%	0.0%	-0.3%	-5.0%	-223	10.3K	-12	159.62	N/A	N/A	0	0	3	2
2025-01-03	$60.06	$65.00	18.6%	5.3%	9.5%	22.5%	0.0%	0.7%	-5.8%	-228	10.3K	-11	159.88	N/A	N/A	0	0	3	2
2025-01-06	$59.61	$0.00	24.4%	3.8%	8.7%	39.9%	0.0%	0.2%	-2.1%	-208	10.5K	-9	173.13	N/A	N/A	0	0	3	2
2025-01-07	$59.51	$0.00	33.8%	5.0%	8.8%	68.5%	0.0%	0.6%	-3.0%	-128	9.6K	-13	178.23	N/A	N/A	0	0	3	2
2025-01-08	$59.59	$0.00	26.9%	3.9%	8.9%	47.7%	0.0%	1.5%	-1.9%	-196	10.6K	-8	171.98	N/A	N/A	0	0	3	2
2025-01-10	$58.70	$0.00	24.9%	4.1%	9.7%	41.5%	19.0%	0.2%	-2.1%	-173	11.0K	-6	168.63	N/A	N/A	0	1	3	2
2025-01-13	$58.61	$60.00	38.5%	4.2%	9.7%	82.7%	0.0%	0.6%	-2.8%	-545	14.6K	-13	168.22	N/A	N/A	0	0	3	3
2025-01-14	$58.53	$60.00	45.0%	4.1%	9.5%	100.0%	0.0%	0.0%	-2.5%	-541	14.7K	-13	167.70	N/A	N/A	0	0	3	3
2025-01-15	$58.66	$60.00	14.5%	4.2%	9.7%	9.9%	0.0%	0.3%	-2.8%	-555	14.6K	-13	168.85	N/A	N/A	0	0	3	3
2025-01-16	$59.03	$60.00	14.1%	4.1%	10.4%	8.8%	0.0%	0.9%	10.3%	-591	14.5K	-13	169.77	N/A	N/A	0	0	3	3
2025-01-17	$59.41	$60.00	16.3%	4.7%	9.7%	15.1%	0.0%	0.9%	-2.1%	-637	14.1K	-13	172.28	N/A	N/A	0	0	3	3
2025-01-21	$59.87	$60.00	14.5%	4.2%	9.0%	9.8%	14.4%	0.8%	-2.4%	-639	8.0K	-14	173.74	N/A	N/A	1	0	0	2
2025-01-22	$59.73	$60.00	14.6%	4.2%	9.0%	10.0%	0.0%	0.4%	-2.6%	-223	5.9K	-20	172.89	N/A	N/A	0	0	1	2
2025-01-23	$59.93	$60.00	14.4%	4.1%	9.1%	9.6%	0.0%	0.9%	-2.1%	-220	5.5K	-20	173.88	N/A	N/A	0	0	1	2
2025-01-24	$60.28	$60.00	17.0%	4.9%	9.0%	17.3%	0.0%	0.5%	-3.3%	-227	4.9K	-20	174.53	N/A	N/A	0	0	1	2
2025-01-27	$61.83	$60.00	14.8%	4.3%	12.7%	10.9%	0.0%	1.0%	-3.1%	-312	2.8K	-18	176.31	N/A	N/A	0	0	1	2
2025-01-28	$61.24	$60.00	14.9%	4.3%	13.2%	11.0%	0.0%	0.2%	-2.1%	-258	3.6K	-19	174.90	N/A	N/A	0	0	1	2
2025-01-29	$61.27	$60.00	16.0%	4.6%	13.1%	14.4%	0.0%	0.5%	0.4%	-254	3.8K	-18	175.51	N/A	N/A	0	0	1	2
2025-01-30	$61.66	$60.00	15.8%	4.5%	12.9%	13.8%	0.0%	0.7%	-3.4%	-284	3.1K	-18	175.69	N/A	N/A	0	0	1	2
2025-01-31	$61.23	$60.00	16.8%	4.8%	13.2%	16.7%	0.0%	0.3%	-3.5%	-250	3.9K	-17	176.01	N/A	N/A	0	0	1	2