KRE Options History — March 2023

In March 2023, KRE traded between $42.27 and $61.14. ATM implied volatility averaged 48.8%, placing in the 52.8% IV rank vs the trailing year. The 30-day expected move averaged 13.8%. IV traded above realized volatility by 1.2% (HV 20d: 47.6%). Max pain ranged from $50.00 to $63.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 1 of 23 days. Put/call ratio averaged 2.77.

Notable Days

  • 2023-03-10: Highest Volume — 740,264 contracts
  • 2023-03-13: Largest IV spike — 59.7% change
  • 2023-03-10: Highest IV Rank — 100.0%
  • 2023-03-13: Largest Expected Move — 21.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.79$42.27$61.14$61.14$43.72
Max Pain$55.61$50.00$63.00$63.00$50.00
ATM IV48.8%23.3%80.6%23.9%45.5%
Expected Move13.8%6.5%21.4%6.7%13.4%
HV 20d47.6%16.7%67.9%17.9%67.6%
HV 60d34.9%20.2%44.2%22.1%44.2%
IV Rank52.8%10.9%100.0%13.2%41.6%
IV Percentile75.2%9.1%100.0%11.5%94.0%
Term Structure-1.8%-4.9%0.2%-0.2%-0.7%
VWIV48.0%23.1%72.3%23.7%47.1%
Skew 25d11.5%4.5%23.9%5.1%10.3%
Skew 10d22.5%8.2%47.2%9.7%21.9%
Call IV 25d43.7%21.3%67.2%21.4%41.6%
Put IV 25d55.3%25.9%91.1%26.5%51.9%
Bid-Ask Spread %7.902.4225.173.542.46
Gamma HHI0.100.070.140.120.09
Net GEX-58.7M-144.0M-21.4M-84.5M-33.4M
Net DEX2.35B868.9M3.52B868.9M2.17B
Net VEX-10.6M-12.9M-8.3M-8.3M-12.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.770.5217.0515.500.52
Total Volume271,095.65238,041740,26438,041268,214
Total OI1,800,711.435980,1822,458,511980,1822,458,511

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-03-01$61.14$63.0023.9%6.7%17.9%13.2%23.7%5.1%-0.2%-84.5M868.9M-8.3M15.503.542,30635,735177,912802,270
2023-03-02$59.59$63.0024.4%6.9%17.2%15.1%24.8%5.3%0.2%-112.0M1.26B-8.5M1.235.0924,33529,858177,929821,474
2023-03-03$60.28$63.0023.3%6.5%16.8%10.9%24.6%4.7%-0.9%-96.5M1.02B-8.6M2.903.0217,99652,229200,551830,376
2023-03-06$59.95$62.0023.5%6.7%16.7%11.8%23.1%4.5%-0.0%-99.5M1.06B-8.6M1.539.1916,80525,643209,600840,019
2023-03-07$58.08$62.0024.5%7.0%19.5%15.5%25.7%4.6%-0.2%-132.8M1.65B-8.4M3.699.0723,93688,253219,196854,855
2023-03-08$57.61$60.0024.3%6.8%18.6%15.1%25.9%4.9%-0.3%-144.0M1.84B-8.9M17.0511.588,706148,458237,185889,138
2023-03-09$53.06$60.0033.6%9.3%33.0%54.1%33.0%10.2%-1.4%-95.3M2.84B-8.4M3.026.16161,559488,178240,080920,391
2023-03-10$50.33$60.0050.4%13.4%36.4%100.0%46.3%14.1%-3.3%-74.4M3.20B-10.1M1.4510.15301,895438,369380,8321,058,406
2023-03-13$44.82$57.0080.6%21.4%51.8%100.0%72.3%23.9%-4.9%-44.9M3.52B-9.4M1.1825.17308,197363,398506,1391,172,639
2023-03-14$44.67$55.0069.9%19.1%51.2%82.2%63.4%19.1%-2.5%-37.4M3.43B-10.0M1.0017.77143,553143,151653,2131,225,337
2023-03-15$44.55$55.0074.3%20.2%51.2%89.6%70.0%20.2%-4.0%-35.5M3.45B-10.6M1.1510.33160,280184,301723,2851,277,442
2023-03-16$46.28$55.0062.5%17.4%54.2%69.8%58.7%13.6%-2.1%-34.5M3.02B-11.7M0.6616.75245,629161,305794,0391,285,062
2023-03-17$43.33$54.0070.7%19.7%56.9%83.6%66.6%16.1%-3.5%-34.9M3.30B-11.3M1.527.61130,237197,374902,5921,343,679
2023-03-20$43.55$53.0060.7%17.2%57.1%66.9%60.1%14.7%-1.8%-30.7M2.47B-11.4M0.726.30139,643100,064726,3011,186,340
2023-03-21$46.20$53.0052.4%15.0%63.4%53.1%52.5%10.0%-2.0%-21.4M1.99B-12.5M0.643.81149,68696,399813,9591,225,269
2023-03-22$43.63$51.0053.7%15.4%65.2%55.2%58.2%11.3%-2.2%-35.7M2.50B-11.4M1.217.1185,112103,077885,5331,256,573
2023-03-23$42.27$51.0064.6%18.7%64.6%73.4%63.4%15.2%-3.0%-42.0M2.71B-11.3M2.237.05137,216306,504923,0471,293,832
2023-03-24$43.41$51.0061.4%17.9%66.5%68.1%60.7%13.8%-2.7%-26.9M2.49B-12.9M0.747.53144,892107,031977,2941,392,371
2023-03-27$44.16$51.0052.7%15.3%67.2%53.6%55.9%11.8%-1.7%-29.0M2.37B-12.8M1.192.6968,50281,442977,0531,358,860
2023-03-28$43.69$50.0050.0%14.7%66.9%49.1%54.8%10.7%-0.3%-33.4M2.47B-12.4M1.253.8366,74083,5811,009,5311,384,289
2023-03-29$44.41$50.0047.1%13.9%67.9%44.4%45.5%10.5%-1.8%-31.0M2.22B-12.6M2.413.1167,346162,4151,017,2181,375,872
2023-03-30$43.45$50.0049.3%14.6%67.8%48.0%48.8%11.1%-2.6%-39.8M2.30B-12.1M0.902.4287,29178,3591,053,5721,357,297
2023-03-31$43.72$50.0045.5%13.4%67.6%41.6%47.1%10.3%-0.7%-33.4M2.17B-12.1M0.522.46176,28391,9311,092,6351,365,876