KXI Options History — May 2025

In May 2025, KXI traded between $64.23 and $67.33. ATM implied volatility averaged 22.5%, placing in the 31.2% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 7.8% (HV 20d: 14.8%). Max pain ranged from $59.00 to $59.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2025-05-15: Highest Volume — 1 contracts
2025-05-14: Largest IV drop — 55.9% change
2025-05-02: Highest IV Rank — 90.1%
2025-05-02: Largest Expected Move — 12.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$66.04	$64.23	$67.33	$65.77	$67.33
Max Pain	$59.00	$59.00	$59.00	$59.00	$59.00
ATM IV	22.5%	15.7%	44.1%	43.2%	17.7%
Expected Move	5.5%	4.4%	12.6%	12.4%	5.1%
HV 20d	14.8%	10.0%	26.1%	26.1%	10.7%
HV 60d	17.3%	17.1%	17.6%	17.2%	17.3%
IV Rank	31.2%	12.4%	90.1%	87.7%	18.0%
IV Percentile	64.6%	36.1%	98.8%	98.8%	54.0%
Term Structure	-4.4%	-17.4%	2.2%	-15.3%	-5.1%
Skew 25d	0.6%	-1.3%	9.8%	8.6%	-0.7%
Skew 10d	1.7%	-2.0%	24.0%	21.8%	-0.8%
Call IV 25d	20.0%	16.1%	45.2%	45.2%	19.0%
Put IV 25d	20.7%	16.1%	54.7%	53.8%	18.3%
Bid-Ask Spread %	162.29	159.12	173.91	173.91	159.12
Gamma HHI	0.51	0.36	0.63	0.46	0.59
Net GEX	971	-422	1.4K	-422	1.4K
Net DEX	-11.5K	-15.2K	-5.2K	-5.2K	-15.2K
Net VEX	-61	-89	-55	-89	-55
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	0.048	0	1	0	0
Total OI	9.714	4	14	14	4

Daily Data (21 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
2025-05-01	$65.77	$59.00	43.2%	12.4%	26.1%	87.7%	0.0%	8.6%	-15.3%	-422	-5.2K	-89	173.91	N/A	N/A	0	4	10
2025-05-02	$66.19	$59.00	44.1%	12.6%	25.6%	90.1%	0.0%	9.8%	-17.4%	-298	-6.8K	-86	171.58	N/A	N/A	0	4	10
2025-05-05	$66.18	$0.00	20.9%	4.4%	21.6%	26.8%	0.0%	0.3%	-2.3%	963	-12.6K	-64	160.66	N/A	N/A	0	4	10
2025-05-06	$66.25	$0.00	22.8%	4.6%	18.8%	31.9%	0.0%	0.8%	-2.6%	1.0K	-12.8K	-63	159.43	N/A	N/A	0	4	10
2025-05-07	$66.34	$0.00	24.6%	4.6%	17.7%	36.8%	0.0%	0.6%	-2.6%	1.0K	-13.1K	-63	159.58	N/A	N/A	0	4	10
2025-05-08	$65.91	$0.00	23.1%	4.4%	16.9%	32.6%	0.0%	0.2%	-2.5%	985	-12.0K	-62	161.82	N/A	N/A	0	4	10
2025-05-09	$65.58	$0.00	24.0%	4.5%	16.2%	35.1%	0.0%	-0.4%	-2.6%	907	-11.5K	-63	161.68	N/A	N/A	0	4	10
2025-05-12	$65.16	$0.00	30.7%	4.5%	14.7%	53.5%	0.0%	-0.1%	-2.6%	934	-10.1K	-57	163.14	N/A	N/A	0	4	10
2025-05-13	$64.65	$0.00	36.1%	4.4%	14.2%	68.2%	0.0%	-0.3%	-2.6%	744	-8.9K	-57	163.41	N/A	N/A	0	4	10
2025-05-14	$64.23	$0.00	15.9%	4.6%	14.2%	13.0%	0.0%	-0.9%	0.7%	547	-7.9K	-56	162.97	N/A	N/A	0	4	10
2025-05-15	$65.34	$0.00	16.2%	4.6%	15.3%	13.8%	0.0%	-0.1%	-4.1%	990	-10.4K	-58	162.96	N/A	N/A	1	4	10
2025-05-16	$65.85	$0.00	15.7%	4.5%	13.0%	12.4%	0.0%	-0.4%	-3.5%	626	-10.4K	-60	162.10	N/A	N/A	0	4	10
2025-05-19	$66.27	$0.00	15.8%	4.5%	12.5%	12.6%	0.0%	-0.1%	2.2%	1.4K	-12.7K	-57	161.28	N/A	N/A	0	4	0
2025-05-20	$66.63	$0.00	16.4%	4.7%	10.9%	14.2%	0.0%	-0.6%	-2.6%	1.4K	-13.6K	-58	160.34	N/A	N/A	0	4	0
2025-05-21	$66.38	$0.00	17.6%	5.0%	10.3%	17.6%	0.0%	-0.4%	-5.4%	1.4K	-13.0K	-58	160.96	N/A	N/A	0	4	0
2025-05-22	$66.27	$0.00	16.9%	4.8%	10.3%	15.7%	0.0%	-0.3%	-4.1%	1.2K	-12.2K	-57	162.36	N/A	N/A	0	4	0
2025-05-23	$66.47	$0.00	17.5%	5.0%	10.0%	17.4%	0.0%	0.0%	-5.0%	1.4K	-13.1K	-57	160.24	N/A	N/A	0	4	0
2025-05-27	$66.90	$0.00	17.5%	5.0%	10.1%	17.3%	0.0%	-1.3%	-4.3%	1.4K	-14.1K	-55	159.83	N/A	N/A	0	4	0
2025-05-28	$66.46	$0.00	18.5%	5.3%	10.4%	20.2%	0.0%	-1.0%	-6.1%	1.4K	-13.2K	-56	161.06	N/A	N/A	0	4	0
2025-05-29	$66.69	$0.00	18.4%	5.3%	10.3%	19.8%	0.0%	-0.7%	-4.7%	1.4K	-13.5K	-55	159.75	N/A	N/A	0	4	0
2025-05-30	$67.33	$0.00	17.7%	5.1%	10.7%	18.0%	0.0%	-0.7%	-5.1%	1.4K	-15.2K	-55	159.12	N/A	N/A	0	4	0