KRE Options History — August 2023

In August 2023, KRE traded between $43.25 and $48.95. ATM implied volatility averaged 30.6%, placing in the 16.8% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded above realized volatility by 3.1% (HV 20d: 27.5%). Max pain ranged from $45.00 to $47.00. Net GEX was positive for 9 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 1.91.

Notable Days

2023-08-02: Highest Volume — 185,177 contracts
2023-08-15: Largest IV spike — 11.8% change
2023-08-22: Highest IV Rank — 23.3%
2023-08-22: Largest Expected Move — 9.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$45.97	$43.25	$48.95	$47.98	$44.50
Max Pain	$46.13	$45.00	$47.00	$45.00	$45.00
ATM IV	30.6%	26.6%	34.5%	30.3%	26.6%
Expected Move	8.6%	6.8%	9.7%	8.7%	6.8%
HV 20d	27.5%	19.2%	34.0%	34.0%	20.0%
HV 60d	34.9%	29.1%	39.6%	39.6%	29.1%
IV Rank	16.8%	10.1%	23.3%	16.3%	10.1%
IV Percentile	49.2%	29.4%	64.7%	51.6%	29.4%
Term Structure	0.0%	-1.4%	1.3%	-0.6%	0.1%
VWIV	30.9%	24.6%	34.8%	32.1%	24.6%
Skew 25d	5.2%	3.6%	7.2%	3.6%	4.2%
Skew 10d	10.2%	7.0%	13.5%	7.0%	8.1%
Call IV 25d	28.3%	24.5%	31.1%	28.9%	24.5%
Put IV 25d	33.5%	28.8%	38.1%	32.4%	28.8%
Bid-Ask Spread %	1.76	1.47	4.79	1.91	1.64
Gamma HHI	0.08	0.06	0.11	0.09	0.08
Net GEX	-13.9M	-42.4M	33.6M	33.6M	-39.8M
Net DEX	458.1M	-470.0M	1.23B	-327.8M	919.4M
Net VEX	-13.0M	-13.8M	-12.2M	-13.5M	-12.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.91	0.30	5.72	1.04	4.20
Total Volume	96,774.261	39,606	185,177	57,917	162,082
Total OI	1,861,026.783	1,622,206	2,014,818	1,937,428	1,812,639

Daily Data (23 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
2023-08-01	$47.98	$45.00	30.3%	8.7%	34.0%	16.3%	32.1%	3.6%	-0.6%	33.6M	-327.8M	-13.5M	1.04	1.91	28,344	29,573	830,147	1,107,281
2023-08-02	$47.86	$45.00	30.4%	8.7%	33.8%	16.5%	30.2%	3.9%	-0.4%	30.8M	-263.7M	-13.6M	0.30	1.89	142,950	42,227	847,312	1,128,720
2023-08-03	$48.41	$47.00	29.8%	8.5%	32.0%	15.5%	30.5%	4.3%	-0.8%	25.1M	-361.3M	-13.6M	1.16	1.59	31,190	36,109	768,192	1,151,940
2023-08-04	$48.50	$47.00	30.5%	8.8%	31.3%	16.7%	30.6%	4.2%	-0.7%	28.2M	-367.0M	-13.8M	1.65	1.58	24,639	40,652	776,706	1,168,684
2023-08-07	$48.95	$47.00	29.0%	8.3%	31.2%	14.3%	30.2%	4.4%	0.1%	31.3M	-470.0M	-13.4M	1.66	1.49	14,862	24,744	737,440	1,151,255
2023-08-08	$48.41	$47.00	31.1%	9.1%	31.8%	17.7%	33.4%	5.3%	0.7%	19.3M	-266.0M	-13.5M	1.69	1.53	43,511	73,550	738,331	1,155,889
2023-08-09	$47.84	$47.00	30.2%	8.7%	32.0%	16.1%	30.6%	4.7%	0.0%	12.3M	-90.5M	-13.5M	1.52	1.56	16,245	24,678	755,106	1,189,997
2023-08-10	$47.55	$47.00	30.0%	8.6%	32.0%	15.8%	31.3%	4.8%	0.2%	2.8M	36.4M	-13.4M	0.41	1.58	68,116	27,720	755,915	1,195,071
2023-08-11	$47.80	$47.00	28.5%	8.3%	30.7%	13.3%	31.3%	4.7%	0.5%	6.5M	-21.4M	-13.3M	0.61	1.53	29,004	17,746	730,316	1,197,955
2023-08-14	$46.86	$47.00	29.8%	8.6%	31.3%	15.5%	30.2%	4.3%	1.3%	-9.1M	264.9M	-12.9M	1.06	1.58	44,851	47,495	727,039	1,183,801
2023-08-15	$45.34	$47.00	33.3%	9.6%	30.7%	21.3%	33.2%	5.5%	-0.2%	-33.1M	748.2M	-12.7M	1.54	1.64	64,585	99,608	740,083	1,196,590
2023-08-16	$44.91	$47.00	33.4%	9.6%	28.3%	21.5%	33.4%	6.3%	0.3%	-39.5M	865.9M	-12.7M	1.72	1.49	36,084	61,999	740,834	1,212,170
2023-08-17	$44.81	$46.00	32.0%	9.1%	28.2%	19.1%	34.8%	5.3%	1.1%	-40.7M	848.8M	-12.8M	1.69	1.47	32,943	55,715	760,582	1,220,652
2023-08-18	$44.91	$46.00	31.9%	9.0%	28.1%	18.9%	32.1%	5.8%	0.8%	-39.6M	838.9M	-13.0M	1.08	1.59	31,089	33,520	771,389	1,243,429
2023-08-21	$44.47	$46.00	32.4%	9.1%	26.5%	19.7%	34.8%	7.2%	0.3%	-33.8M	976.0M	-12.5M	3.65	1.85	27,828	101,556	570,447	1,051,759
2023-08-22	$43.25	$46.00	34.5%	9.7%	27.6%	23.3%	33.5%	7.0%	-0.4%	-41.9M	1.23B	-12.2M	1.49	1.58	66,083	98,430	581,077	1,080,355
2023-08-23	$43.81	$46.00	31.9%	8.8%	21.5%	18.9%	26.7%	6.8%	-0.4%	-42.4M	1.13B	-12.5M	4.04	1.51	24,041	97,195	610,359	1,107,020
2023-08-24	$43.98	$46.00	32.2%	8.9%	20.7%	19.5%	32.0%	6.0%	-0.2%	-39.8M	1.04B	-12.6M	2.93	1.53	24,198	70,862	618,645	1,115,076
2023-08-25	$43.75	$45.00	31.4%	8.7%	19.2%	18.1%	30.2%	5.8%	-1.4%	-41.3M	1.10B	-12.4M	1.83	1.73	28,103	51,458	631,599	1,133,743
2023-08-28	$44.28	$45.00	29.7%	8.1%	20.2%	15.4%	30.0%	6.0%	-0.1%	-37.8M	948.7M	-12.5M	1.84	1.77	22,563	41,628	621,961	1,126,382
2023-08-29	$44.70	$45.00	27.5%	7.6%	20.6%	11.6%	26.6%	4.7%	0.9%	-33.9M	838.5M	-12.6M	1.16	1.62	32,484	37,790	629,887	1,139,613
2023-08-30	$44.39	$45.00	27.7%	7.3%	20.6%	12.1%	28.1%	4.6%	-0.1%	-37.1M	919.0M	-12.5M	5.72	4.79	17,230	98,528	645,075	1,145,153
2023-08-31	$44.50	$45.00	26.6%	6.8%	20.0%	10.1%	24.6%	4.2%	0.1%	-39.8M	919.4M	-12.4M	4.20	1.64	31,174	130,908	652,823	1,159,816