KRE Options History — September 2025

In September 2025, KRE traded between $63.03 and $66.02. ATM implied volatility averaged 27.4%, placing in the 9.2% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded above realized volatility by 7.4% (HV 20d: 20.0%). Max pain ranged from $61.00 to $64.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 1.46.

Notable Days

2025-09-17: Highest Volume — 270,485 contracts
2025-09-15: Largest IV spike — 6.2% change
2025-09-23: Highest IV Rank — 12.6%
2025-09-03: Largest Expected Move — 8.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$64.64	$63.03	$66.02	$65.00	$63.03
Max Pain	$62.05	$61.00	$64.00	$61.00	$62.00
ATM IV	27.4%	25.9%	28.7%	27.3%	28.2%
Expected Move	7.9%	7.6%	8.3%	8.1%	7.9%
HV 20d	20.0%	15.8%	23.5%	23.1%	16.3%
HV 60d	21.5%	20.4%	22.5%	22.5%	20.4%
IV Rank	9.2%	5.3%	12.6%	8.9%	11.2%
IV Percentile	41.4%	19.4%	58.3%	40.9%	50.0%
Term Structure	0.2%	-0.7%	0.9%	-0.3%	-0.7%
VWIV	28.5%	26.3%	31.9%	29.8%	28.1%
Skew 25d	3.1%	1.8%	4.0%	3.9%	3.4%
Skew 10d	6.6%	3.5%	8.8%	8.5%	7.0%
Call IV 25d	26.5%	24.7%	28.1%	26.0%	27.2%
Put IV 25d	29.6%	27.5%	31.0%	29.9%	30.6%
Bid-Ask Spread %	5.40	3.60	11.14	5.41	5.00
Gamma HHI	0.07	0.05	0.12	0.06	0.07
Net GEX	35.8M	-41.4M	146.6M	55.4M	-41.4M
Net DEX	-993.6M	-2.18B	-9.0M	-1.29B	-9.0M
Net VEX	-14.5M	-15.3M	-13.5M	-13.8M	-14.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.46	0.28	3.86	1.31	3.86
Total Volume	92,702.571	24,022	270,485	50,738	92,042
Total OI	1,920,340.667	1,754,819	2,321,028	1,782,708	1,808,014

Daily Data (21 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
2025-09-02	$65.00	$61.00	27.3%	8.1%	23.1%	8.9%	29.8%	3.9%	-0.3%	55.4M	-1.29B	-13.8M	1.31	5.41	21,989	28,749	717,030	1,065,678
2025-09-03	$64.98	$61.00	27.3%	8.3%	23.2%	8.8%	31.9%	4.0%	-0.2%	45.7M	-1.23B	-13.7M	2.79	4.06	9,375	26,144	707,651	1,081,129
2025-09-04	$65.84	$64.00	26.8%	7.7%	23.1%	7.7%	28.6%	3.9%	-0.2%	59.5M	-1.56B	-13.5M	2.27	4.40	65,023	147,573	711,218	1,085,858
2025-09-05	$65.56	$64.00	26.8%	7.7%	22.8%	7.6%	28.1%	4.0%	-0.2%	45.1M	-1.40B	-14.2M	1.23	5.16	72,291	88,977	746,707	1,193,871
2025-09-08	$65.47	$63.00	25.9%	7.7%	22.9%	5.4%	30.1%	4.0%	0.9%	37.1M	-1.34B	-13.9M	2.28	3.60	29,744	67,806	698,169	1,169,108
2025-09-09	$64.82	$63.00	26.1%	7.6%	23.5%	5.7%	27.0%	3.3%	0.6%	19.2M	-1.05B	-14.7M	0.50	4.70	36,311	18,264	721,871	1,217,342
2025-09-10	$64.93	$61.00	27.2%	7.9%	21.0%	8.6%	27.8%	3.2%	0.5%	27.0M	-1.11B	-15.3M	0.82	3.66	32,896	26,971	760,051	1,230,416
2025-09-11	$65.16	$61.00	26.5%	7.8%	20.2%	6.9%	28.8%	3.2%	0.8%	38.5M	-1.29B	-14.9M	1.64	7.20	38,235	62,629	789,774	1,246,610
2025-09-12	$65.16	$61.00	25.9%	7.6%	20.2%	5.3%	26.6%	2.6%	0.8%	31.7M	-1.34B	-14.9M	0.76	4.02	31,691	24,234	798,226	1,256,752
2025-09-15	$64.34	$62.00	27.5%	7.9%	20.1%	9.5%	27.9%	3.4%	-0.1%	27.3M	-928.3M	-14.8M	2.29	5.59	31,601	72,419	788,283	1,248,088
2025-09-16	$63.61	$62.00	28.6%	8.2%	20.7%	12.3%	29.6%	2.9%	0.1%	5.2M	-496.0M	-14.9M	1.41	3.69	56,707	79,733	782,360	1,249,509
2025-09-17	$64.44	$62.00	27.9%	8.0%	21.0%	10.5%	28.2%	2.2%	-0.2%	23.1M	-996.1M	-14.7M	0.47	11.14	184,107	86,378	786,071	1,287,592
2025-09-18	$66.02	$62.00	27.3%	7.8%	22.4%	8.9%	27.2%	2.3%	0.1%	129.4M	-2.18B	-14.5M	0.30	8.76	123,797	36,680	916,766	1,294,566
2025-09-19	$65.34	$62.00	27.2%	7.8%	22.6%	8.7%	27.5%	1.8%	-0.2%	146.6M	-1.93B	-14.9M	1.63	8.93	24,265	39,639	1,008,885	1,312,143
2025-09-22	$64.06	$62.00	28.3%	8.1%	16.5%	11.6%	28.2%	2.7%	0.2%	30.6M	-569.2M	-14.7M	0.28	5.59	84,185	23,525	743,500	1,012,115
2025-09-23	$64.16	$62.00	28.7%	8.3%	16.5%	12.6%	29.1%	2.7%	0.2%	26.3M	-524.0M	-15.0M	0.57	4.53	26,841	15,380	723,556	1,031,263
2025-09-24	$63.97	$62.00	28.4%	8.1%	16.2%	11.7%	29.9%	2.7%	0.4%	22.7M	-484.8M	-14.8M	2.04	4.32	10,507	21,407	729,924	1,042,411
2025-09-25	$63.77	$62.00	28.6%	8.2%	15.8%	12.4%	29.2%	3.3%	0.4%	11.4M	-351.3M	-14.9M	2.71	4.58	9,785	26,485	731,431	1,051,521
2025-09-26	$64.13	$62.00	27.0%	7.6%	16.0%	8.0%	28.0%	2.6%	0.6%	14.3M	-501.0M	-14.5M	0.58	4.47	15,162	8,860	735,453	1,067,801
2025-09-29	$63.64	$62.00	28.1%	7.8%	16.1%	10.9%	26.3%	3.2%	0.1%	-2.4M	-276.3M	-14.3M	0.86	4.52	26,035	22,312	728,374	1,050,067
2025-09-30	$63.03	$62.00	28.2%	7.9%	16.3%	11.2%	28.1%	3.4%	-0.7%	-41.4M	-9.0M	-14.2M	3.86	5.00	18,951	73,091	735,992	1,072,022