KRE Options History — May 2023

In May 2023, KRE traded between $36.03 and $41.44. ATM implied volatility averaged 46.8%, placing in the 43.8% IV rank vs the trailing year. The 30-day expected move averaged 13.5%. IV traded below realized volatility by 3.8% (HV 20d: 50.6%). Max pain ranged from $42.00 to $45.00. Net GEX was positive for 9 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 2.34.

Notable Days

2023-05-04: Highest Volume — 999,802 contracts
2023-05-04: Largest IV spike — 41.6% change
2023-05-04: Highest IV Rank — 79.7%
2023-05-04: Largest Expected Move — 18.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$38.72	$36.03	$41.44	$41.44	$38.92
Max Pain	$42.68	$42.00	$45.00	$43.00	$42.00
ATM IV	46.8%	35.8%	68.4%	35.8%	41.6%
Expected Move	13.5%	10.4%	18.6%	10.4%	12.4%
HV 20d	50.6%	34.2%	57.0%	34.2%	49.8%
HV 60d	51.1%	45.1%	54.1%	45.1%	54.1%
IV Rank	43.8%	25.5%	79.7%	25.5%	35.1%
IV Percentile	89.7%	82.5%	98.4%	84.5%	83.3%
Term Structure	-0.5%	-3.0%	1.2%	0.2%	-0.9%
VWIV	47.0%	37.9%	64.0%	37.9%	44.2%
Skew 25d	11.2%	6.4%	20.4%	6.4%	9.1%
Skew 10d	21.6%	11.3%	38.5%	11.3%	17.2%
Call IV 25d	42.1%	33.3%	60.0%	33.3%	37.9%
Put IV 25d	53.2%	39.7%	80.4%	39.7%	47.0%
Bid-Ask Spread %	2.44	1.59	4.68	3.17	2.04
Gamma HHI	0.07	0.05	0.11	0.07	0.06
Net GEX	-12.3M	-47.6M	21.7M	-33.6M	-22.9M
Net DEX	1.61B	759.6M	2.50B	1.55B	1.58B
Net VEX	-11.7M	-13.0M	-9.7M	-10.5M	-11.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.34	0.56	10.50	1.65	10.50
Total Volume	272,630.682	91,912	999,802	177,128	320,303
Total OI	2,410,696.318	1,844,114	2,736,473	1,844,114	2,257,138

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2023-05-01	$41.44	$43.00	35.8%	10.4%	34.2%	25.5%	37.9%	6.4%	0.2%	-33.6M	1.55B	-10.5M	1.65	3.17	66,755	110,373	802,473	1,041,641
2023-05-02	$38.81	$43.00	46.7%	14.3%	40.8%	43.6%	49.2%	13.0%	-0.6%	-45.5M	2.14B	-9.7M	3.57	4.48	121,721	434,618	826,742	1,073,171
2023-05-03	$38.33	$42.00	48.3%	15.5%	40.1%	46.2%	54.0%	10.9%	-1.0%	-47.6M	2.24B	-10.2M	1.88	4.68	119,505	224,101	888,331	1,200,622
2023-05-04	$36.03	$45.00	68.4%	18.6%	44.9%	79.7%	64.0%	20.4%	-3.0%	-37.8M	2.50B	-9.8M	0.90	4.07	526,903	472,899	924,927	1,239,530
2023-05-05	$38.42	$44.00	56.1%	15.9%	51.2%	59.3%	57.6%	15.7%	-1.5%	21.7M	1.51B	-12.6M	0.94	2.55	231,510	218,334	1,299,951	1,346,328
2023-05-08	$37.75	$44.00	55.2%	15.6%	51.2%	57.8%	56.5%	16.3%	-1.0%	-9.0M	1.76B	-12.3M	1.35	2.17	87,522	117,759	1,247,863	1,333,199
2023-05-09	$37.42	$43.00	54.0%	15.7%	51.0%	55.7%	47.4%	14.8%	0.6%	-15.5M	1.92B	-11.8M	1.43	2.27	105,862	151,146	1,228,491	1,356,472
2023-05-10	$37.11	$43.00	51.0%	14.5%	50.9%	50.7%	48.7%	13.4%	-0.4%	-20.2M	2.06B	-11.4M	3.12	1.59	52,217	163,162	1,264,747	1,382,534
2023-05-11	$36.22	$43.00	51.3%	14.5%	50.7%	51.3%	51.5%	12.2%	-0.8%	-29.8M	2.30B	-10.7M	1.12	1.86	90,907	102,109	1,282,281	1,385,195
2023-05-12	$36.14	$43.00	49.5%	14.2%	50.5%	48.3%	46.2%	11.2%	0.2%	-37.2M	2.29B	-10.8M	0.98	1.64	110,528	108,664	1,325,207	1,394,841
2023-05-15	$37.47	$43.00	44.7%	12.9%	51.1%	40.2%	43.1%	9.7%	-0.4%	-17.8M	1.91B	-11.4M	2.34	2.41	71,124	166,485	1,273,998	1,353,288
2023-05-16	$37.14	$43.00	43.6%	12.5%	50.9%	38.5%	44.6%	9.1%	1.2%	-25.2M	2.08B	-11.0M	1.36	1.64	45,789	62,067	1,275,711	1,363,595
2023-05-17	$39.75	$42.00	42.2%	12.1%	55.3%	36.2%	44.6%	8.5%	0.5%	4.9M	1.06B	-12.8M	0.88	1.85	133,320	117,248	1,286,458	1,364,563
2023-05-18	$39.94	$42.00	44.0%	12.6%	55.2%	39.1%	43.8%	9.3%	-0.2%	6.1M	947.7M	-13.0M	1.36	2.27	68,033	92,754	1,314,896	1,400,250
2023-05-19	$39.11	$42.00	44.4%	12.8%	55.4%	39.8%	46.0%	10.0%	-0.4%	6.4M	1.35B	-12.3M	2.86	2.43	54,477	155,875	1,332,317	1,404,156
2023-05-22	$40.41	$42.00	41.2%	11.9%	57.0%	34.5%	41.7%	9.8%	0.7%	6.1M	962.5M	-12.7M	1.31	2.05	61,679	80,767	994,840	1,202,331
2023-05-23	$41.02	$42.00	42.1%	12.3%	54.9%	36.0%	45.6%	9.5%	-0.3%	10.8M	759.6M	-13.0M	0.56	2.36	214,099	120,830	1,013,715	1,217,782
2023-05-24	$40.17	$42.00	44.5%	13.1%	55.4%	39.9%	38.0%	9.8%	-0.6%	4.9M	1.08B	-12.8M	6.20	1.90	37,433	231,920	1,057,557	1,237,461
2023-05-25	$39.80	$42.00	43.6%	12.8%	54.8%	38.5%	46.9%	9.3%	-0.8%	741.6K	1.16B	-12.4M	2.72	1.95	24,715	67,197	1,063,419	1,232,676
2023-05-26	$40.23	$42.00	41.0%	11.8%	54.6%	34.1%	39.9%	8.4%	-0.7%	15.2M	1.03B	-12.3M	1.76	2.21	52,833	93,095	1,064,722	1,240,032
2023-05-30	$40.28	$42.00	40.4%	11.7%	53.8%	33.1%	41.9%	8.8%	-1.3%	-6.1M	1.13B	-12.1M	2.67	2.00	29,787	79,450	1,022,801	1,217,067
2023-05-31	$38.92	$42.00	41.6%	12.4%	49.8%	35.1%	44.2%	9.1%	-0.9%	-22.9M	1.58B	-11.3M	10.50	2.04	27,859	292,444	1,023,658	1,233,480