KRE Options History — December 2025

In December 2025, KRE traded between $63.53 and $67.67. ATM implied volatility averaged 24.0%, placing in the 2.1% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 3.0% (HV 20d: 21.0%). Max pain ranged from $60.00 to $63.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 1.20.

Notable Days

2025-12-19: Highest Volume — 257,572 contracts
2025-12-04: Largest IV spike — 9.5% change
2025-12-04: Highest IV Rank — 5.9%
2025-12-01: Largest Expected Move — 8.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$66.05	$63.53	$67.67	$63.55	$64.93
Max Pain	$61.50	$60.00	$63.00	$62.00	$63.00
ATM IV	24.0%	22.4%	26.1%	26.0%	23.6%
Expected Move	6.8%	6.1%	8.0%	8.0%	6.1%
HV 20d	21.0%	15.5%	25.5%	23.7%	16.4%
HV 60d	26.5%	26.3%	27.1%	26.4%	26.4%
IV Rank	2.1%	0.0%	5.9%	5.6%	3.1%
IV Percentile	4.2%	0.0%	24.6%	22.6%	2.8%
Term Structure	0.5%	-0.4%	2.0%	-0.1%	0.3%
VWIV	25.1%	21.1%	31.3%	31.3%	21.1%
Skew 25d	3.3%	1.6%	4.7%	4.5%	3.4%
Skew 10d	7.4%	3.9%	12.1%	12.1%	6.8%
Call IV 25d	23.0%	21.6%	25.2%	25.2%	22.7%
Put IV 25d	26.3%	24.0%	29.7%	29.7%	26.1%
Bid-Ask Spread %	37.55	21.19	61.53	59.90	24.24
Gamma HHI	0.11	0.06	0.39	0.06	0.09
Net GEX	84.0M	-19.4M	225.4M	23.8M	-19.4M
Net DEX	-1.16B	-2.30B	-9.0M	-456.3M	-9.0M
Net VEX	-12.3M	-13.3M	-11.6M	-12.9M	-11.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.20	0.13	4.24	0.98	1.24
Total Volume	80,508.818	6,002	257,572	93,470	24,185
Total OI	1,821,683.091	1,463,684	2,204,009	1,711,563	1,508,656

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
2025-12-01	$63.55	$62.00	26.0%	8.0%	23.7%	5.6%	31.3%	4.5%	-0.1%	23.8M	-456.3M	-12.9M	0.98	59.90	47,135	46,335	606,391	1,105,172
2025-12-02	$63.53	$62.00	25.1%	7.6%	23.6%	3.1%	27.2%	4.7%	-0.4%	32.4M	-472.6M	-13.2M	0.13	61.53	65,049	8,777	630,877	1,118,205
2025-12-03	$64.61	$62.00	23.8%	7.5%	24.2%	0.0%	27.4%	4.1%	1.3%	56.7M	-918.4M	-13.1M	0.51	60.98	81,102	40,993	670,533	1,118,614
2025-12-04	$64.81	$60.00	26.1%	7.3%	23.8%	5.9%	26.5%	4.1%	0.2%	80.7M	-1.10B	-13.0M	0.37	39.94	64,477	23,595	720,354	1,140,332
2025-12-05	$64.80	$60.00	24.5%	7.3%	23.3%	1.9%	26.5%	3.8%	0.7%	92.9M	-1.10B	-13.3M	0.53	46.17	27,059	14,392	764,477	1,149,473
2025-12-08	$65.09	$60.00	24.8%	7.5%	23.2%	2.6%	27.0%	4.6%	0.5%	96.2M	-1.20B	-13.0M	0.74	34.34	23,360	17,195	758,543	1,139,827
2025-12-09	$64.94	$60.00	24.6%	7.2%	23.1%	2.2%	25.1%	2.4%	0.5%	91.8M	-1.13B	-12.6M	1.06	34.34	46,247	49,036	761,117	1,146,570
2025-12-10	$67.12	$60.00	24.2%	6.9%	25.5%	1.1%	26.4%	3.4%	-0.2%	142.0M	-2.14B	-12.0M	0.80	47.54	104,641	83,676	769,930	1,188,640
2025-12-11	$67.67	$60.00	23.4%	6.7%	25.5%	0.0%	25.6%	3.8%	0.0%	154.5M	-2.30B	-11.9M	0.83	34.97	85,528	71,031	771,158	1,218,759
2025-12-12	$66.94	$60.00	23.7%	6.9%	25.2%	0.8%	24.7%	1.6%	0.8%	132.3M	-2.00B	-12.3M	0.88	31.75	114,424	100,187	794,096	1,244,594
2025-12-15	$67.31	$61.00	23.9%	6.9%	25.1%	1.3%	24.7%	2.7%	0.2%	119.0M	-2.04B	-12.2M	1.54	32.74	21,349	32,848	804,902	1,310,221
2025-12-16	$67.13	$61.00	23.7%	6.8%	19.9%	0.8%	26.7%	3.7%	0.7%	120.2M	-1.95B	-12.1M	1.51	27.40	18,353	27,798	814,349	1,323,551
2025-12-17	$67.19	$61.00	24.0%	6.9%	20.0%	1.6%	26.1%	3.3%	1.0%	131.0M	-1.99B	-12.2M	1.91	27.96	24,652	46,971	814,970	1,335,537
2025-12-18	$67.66	$61.00	22.4%	6.3%	20.0%	0.0%	23.6%	3.1%	1.3%	156.1M	-2.18B	-11.9M	1.10	47.25	36,301	40,024	824,166	1,357,780
2025-12-19	$66.94	$62.00	22.7%	6.5%	20.7%	0.9%	23.9%	3.1%	0.4%	225.4M	-1.76B	-12.2M	0.22	28.28	210,806	46,766	823,393	1,380,616
2025-12-22	$67.15	$63.00	23.2%	6.5%	17.7%	2.0%	24.4%	2.8%	2.0%	49.3M	-662.4M	-11.6M	2.65	21.19	6,188	16,409	511,198	952,486
2025-12-23	$66.82	$63.00	22.9%	6.2%	18.0%	1.3%	22.5%	1.6%	0.7%	44.4M	-596.8M	-11.7M	0.90	44.87	17,911	16,097	515,272	955,810
2025-12-24	$66.75	$63.00	22.9%	6.2%	15.5%	1.3%	22.6%	2.0%	0.8%	43.7M	-561.5M	-12.0M	0.55	33.65	3,884	2,118	525,984	986,404
2025-12-26	$66.53	$63.00	23.3%	6.4%	15.6%	2.4%	22.4%	3.1%	0.3%	35.4M	-453.3M	-12.0M	1.67	37.84	5,761	9,632	526,934	985,857
2025-12-29	$66.00	$63.00	23.9%	6.4%	15.7%	3.8%	23.6%	3.8%	0.4%	28.0M	-351.0M	-11.7M	4.24	22.99	5,667	24,017	522,210	975,835
2025-12-30	$65.56	$63.00	24.1%	6.3%	15.9%	4.4%	22.2%	3.3%	0.2%	10.4M	-176.8M	-11.8M	2.10	26.10	6,192	13,026	523,337	979,898
2025-12-31	$64.93	$63.00	23.6%	6.1%	16.4%	3.1%	21.1%	3.4%	0.3%	-19.4M	-9.0M	-11.6M	1.24	24.24	10,800	13,385	526,154	982,502