KRE Options History — July 2023

In July 2023, KRE traded between $40.45 and $48.95. ATM implied volatility averaged 33.7%, placing in the 22.1% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 2.6% (HV 20d: 31.2%). Max pain ranged from $41.00 to $45.00. Net GEX was positive for 15 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 1.23.

Notable Days

  • 2023-07-18: Highest Volume — 289,213 contracts
  • 2023-07-26: Largest IV drop — 14.3% change
  • 2023-07-25: Highest IV Rank — 27.6%
  • 2023-07-25: Largest Expected Move — 10.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.88$40.45$48.95$41.61$48.53
Max Pain$42.75$41.00$45.00$41.00$45.00
ATM IV33.7%29.6%37.1%33.9%29.6%
Expected Move9.6%8.5%10.7%9.1%8.5%
HV 20d31.2%28.1%35.9%35.9%33.3%
HV 60d43.7%41.8%44.3%43.7%41.8%
IV Rank22.1%15.2%27.6%22.2%15.2%
IV Percentile63.6%50.0%79.0%65.9%50.0%
Term Structure-0.2%-1.1%0.8%-0.1%-0.3%
VWIV34.6%30.0%38.3%33.0%30.0%
Skew 25d3.5%1.6%5.6%4.3%3.4%
Skew 10d7.5%5.7%12.3%8.4%7.2%
Call IV 25d32.5%28.7%35.1%32.2%28.7%
Put IV 25d36.0%32.0%39.8%36.4%32.0%
Bid-Ask Spread %2.131.674.192.571.84
Gamma HHI0.080.050.100.050.10
Net GEX24.3M-23.3M59.0M-7.5M43.9M
Net DEX-35.2M-1.01B1.17B830.5M-516.8M
Net VEX-12.7M-13.8M-11.3M-12.1M-13.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.230.245.861.080.82
Total Volume121,367.8540,251289,21340,84840,251
Total OI1,961,034.351,800,6162,217,2661,838,1611,921,051

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-07-03$41.61$41.0033.9%9.1%35.9%22.2%33.0%4.3%-0.1%-7.5M830.5M-12.1M1.082.5719,60721,241715,5031,122,658
2023-07-05$41.36$41.0033.9%9.5%34.7%22.3%35.7%4.4%0.0%-8.8M902.0M-11.9M5.862.3611,31366,349724,4461,127,532
2023-07-06$40.45$42.0036.7%10.5%30.5%26.9%37.7%4.4%-0.8%-23.3M1.17B-11.3M1.682.0742,56971,437728,0601,137,743
2023-07-07$41.59$41.0034.1%9.6%29.4%22.6%35.8%3.9%-0.0%-5.0M807.6M-12.0M1.071.7443,81846,916743,6671,156,560
2023-07-10$41.70$41.0035.5%10.0%29.2%25.0%37.0%4.1%-0.4%-7.9M808.5M-12.0M2.862.2620,02757,336726,9571,151,250
2023-07-11$42.39$42.0035.9%10.5%29.3%25.6%36.3%4.4%0.8%2.0M611.5M-12.2M0.541.6757,12630,895737,2721,184,547
2023-07-12$43.25$42.0033.7%9.5%30.3%22.0%33.7%3.5%-0.3%28.4M282.3M-12.3M1.271.7660,31976,805776,1591,202,796
2023-07-13$43.91$42.0033.2%9.5%29.9%21.2%33.0%3.4%-0.1%38.0M48.3M-12.5M0.291.80165,50348,373780,5921,215,941
2023-07-14$43.03$42.0034.1%9.7%29.6%22.6%34.8%3.6%-0.4%15.2M413.7M-12.5M0.882.0354,62748,223792,7701,238,135
2023-07-17$43.97$42.0033.4%9.6%29.9%21.5%34.3%3.9%-0.3%31.0M149.9M-12.5M1.101.7330,52633,436769,9691,216,160
2023-07-18$45.75$42.0035.0%10.0%32.1%24.1%36.0%3.2%-0.1%50.2M-558.3M-12.7M0.341.88215,40573,808774,5721,229,134
2023-07-19$47.22$43.0034.6%9.9%32.4%23.5%34.4%2.3%-0.4%51.3M-1.01B-13.0M0.311.95168,66252,817819,1251,259,624
2023-07-20$46.81$43.0034.1%9.8%32.2%22.6%36.2%2.5%-0.2%59.0M-944.0M-13.2M0.971.9755,40653,658915,2031,278,028
2023-07-21$46.36$44.0032.1%9.2%28.8%19.3%32.6%1.6%0.2%19.7M-733.9M-13.1M0.241.96105,19625,112926,6851,290,581
2023-07-24$47.50$44.0034.0%10.0%28.1%22.4%35.2%3.4%-1.1%36.1M-475.1M-13.2M0.542.4289,74248,393771,7281,028,888
2023-07-25$46.75$44.0037.1%10.7%29.2%27.6%38.3%5.6%-0.9%26.6M-193.7M-13.8M1.354.1958,36978,764807,1291,051,350
2023-07-26$48.95$44.0031.8%9.2%32.2%18.8%32.4%2.8%-0.4%52.2M-950.9M-13.6M0.592.33116,81269,018815,0071,095,411
2023-07-27$47.84$45.0031.7%9.2%33.5%18.7%32.2%3.0%-0.2%34.8M-538.1M-13.7M1.032.0049,52150,762851,9701,121,443
2023-07-28$48.63$45.0030.6%8.9%33.5%16.8%32.5%3.3%-0.1%50.7M-802.2M-13.8M1.862.0124,20645,009870,7791,144,262
2023-07-31$48.53$45.0029.6%8.5%33.3%15.2%30.0%3.4%-0.3%43.9M-516.8M-13.6M0.821.8422,10918,142818,5921,102,459