What is the current KBE options open interest?

As of May 14, 2026, State Street SPDR S&P Bank ETF (KBE) has 219.1K total contracts outstanding across all listed expirations, split as 20.3K calls and 198.8K puts. Open interest reflects accumulated positions from prior trading sessions; it does not include today's volume until end-of-day reconciliation.

What is the KBE put/call open interest ratio?

Put/call OI ratio of 9.79 is put-heavy, often indicating hedging demand or bearish positioning.

What does KBE open interest tell traders?

Persistent OI growth indicates sustained directional or hedging interest; sharp drops typically mean post-expiration position cleanup. Heavy OI concentrations at specific strikes act as support and resistance levels because dealer hedging amplifies near those strikes - the gamma profile of the dealer book is concentrated there. Comparing today's volume to standing OI separates opening flow from closing flow.

State Street SPDR S&P Bank ETF (KBE) Open Interest History

Open interest tracks the total number of outstanding options contracts. Rising OI alongside price moves can indicate growing commitment to the trend; declining OI suggests positions are being closed.

State Street SPDR S&P Bank ETF (KBE) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $1.29B, listed on AMEX, carrying a beta of 1.26 to the broader market. The State Street SPDR S&P Bank ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Banks Select Industry Index (the "Index")Seeks to provide exposure to the bank segment of the S&P TMI, which comprises the following sub-industries: Asset Management & Custody Banks, Diversified Banks, Regional Banks, Diversified Financial Services, and Commercial & Residential Mortgage Finance. public since 2005-11-15.

Snapshot as of May 14, 2026.

Spot Price: $62.41
Call OI: 20.3K
Put OI: 198.8K
Total OI: 219.1K
Put/Call Ratio: 3.61

As of May 14, 2026, State Street SPDR S&P Bank ETF (KBE) has 219.1K total contracts outstanding across all expirations. Put/call OI ratio is 9.79 (put-heavy positioning, often indicating hedging or bearish bias). Open interest reflects accumulated positions from prior sessions; persistent growth indicates sustained directional or hedging interest, while sharp drops typically mean post-expiration clean-up.

How KBE open interest history Data Feeds Strategy Selection

Strategy selection on State Street SPDR S&P Bank ETF options does not derive from any single metric in isolation. The open interest history view above sits inside a broader read: ATM IV currently sits at 24.2% and dealer gamma exposure is negative, so dealer hedging amplifies directional moves. Combine the open interest history data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.

Learn how open interest is reported and how to read the data →

Frequently asked KBE open interest history questions

What is the current KBE options open interest?: As of May 14, 2026, State Street SPDR S&P Bank ETF (KBE) has 219.1K total contracts outstanding across all listed expirations, split as 20.3K calls and 198.8K puts. Open interest reflects accumulated positions from prior trading sessions; it does not include today's volume until end-of-day reconciliation.
What is the KBE put/call open interest ratio?: Put/call OI ratio of 9.79 is put-heavy, often indicating hedging demand or bearish positioning.
What does KBE open interest tell traders?: Persistent OI growth indicates sustained directional or hedging interest; sharp drops typically mean post-expiration position cleanup. Heavy OI concentrations at specific strikes act as support and resistance levels because dealer hedging amplifies near those strikes - the gamma profile of the dealer book is concentrated there. Comparing today's volume to standing OI separates opening flow from closing flow.