KRE max pain, gamma exposure (GEX) & options open interest
As of close · rank #40 by open interest · 1,394 sessions of history since Dec 1, 2020
KRE's nearest-expiration max pain is 72.00 for 2026-10-09, its GEX flip is 74.02, net GEX is -158,473,398, its put/call open-interest ratio is 1.90. These are whole-chain derived aggregates as of Oct 2, 2026 close.
Whole-chain analytics
Derived after the close from the same dated options chain. Signed gamma exposure uses calls positive and puts negative; it is a model convention, not observed dealer inventory.
Advanced options analysis
Complete derived analysis from the dated chain, normalized where possible for comparison across tickers. Catalyst intensity measures unusual pricing and activity; it does not identify an event, predict direction, or establish that an investment is attractive.
Strongest relative signals: OI change 0.61σ · 25Δ risk reversal -64.3 pp
KRE closed 13.0% below its gamma max of 79.96. It is 3.6% below the delta neutral price of 73.31. Total open interest is 2,405,255, +3.2% versus the previous session. Its options catalyst-intensity score is 47.8 out of 100, led by OI change 0.61σ, 25Δ risk reversal -64.3 pp. What gamma max means · What delta neutral means
Call versus put open interest changes
Growth compares outstanding contracts on each side. A positive growth gap favors calls; a negative gap favors puts. Standardized surprises compare each measure with its own prior history. These describe the OI balance, not IV skew or buying direction.
| Measure | Value |
|---|---|
| Call OI change, 1 session | +50,331 contracts · +6.5% |
| Put OI change, 1 session | +23,258 contracts · +1.5% |
| Call minus put OI growth, 1 session | +5.0 pp |
| Call OI change, 5 sessions | +254,853 contracts · +44.3% |
| Put OI change, 5 sessions | +316,963 contracts · +25.2% |
| Call minus put OI growth, 5 sessions | +19.1 pp |
| Daily call OI change surprise | +0.96σ (252 prior changes) |
| Daily put OI change surprise | +0.31σ (252 prior changes) |
| Daily call-minus-put growth surprise | +1.18σ (252 prior changes) |
History
Hover for valuesDrag to panScroll to zoomClick a series to hide it ← → step a session+ − zoomTouch: swipe to pan, pinch to zoom, hold for the crosshair
Analysis visualizations
Derived from the 2026-10-02 options chain. Select an analysis to explore its chart.
No matching visualizations.
Gamma walls
Chart loads when this section is in view.
What followed prior gamma-max crosses?
Each historical path starts at 0% on the cross date and follows the close for ten subsequent trading sessions. Cohorts use the same direction as labelled and require gamma max to be within 10% of the close on both crossing sessions.
Crosses below gamma max 14 completed Day +10 paths · latest Jul 17, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 14 | -0.1% | -1.2% to +0.8% | 50% | -1.3% to +0.9% | 0.0% |
| Day +2 | 14 | -0.2% | -0.9% to +1.0% | 43% | -0.9% to +1.3% | 0.0% |
| Day +3 | 14 | -0.5% | -1.8% to +1.8% | 43% | -1.9% to +2.1% | 0.0% |
| Day +4 | 14 | -0.4% | -1.5% to +3.7% | 50% | -1.5% to +4.1% | 0.0% |
| Day +5 | 14 | -1.1% | -1.8% to +2.3% | 43% | -1.8% to +2.4% | 0.0% |
| Day +6 | 14 | -0.1% | -2.2% to +3.6% | 50% | -2.3% to +3.7% | 0.0% |
| Day +7 | 14 | +0.2% | -1.4% to +3.3% | 57% | -1.5% to +3.7% | 0.0% |
| Day +8 | 14 | +0.5% | -3.4% to +2.4% | 57% | -3.6% to +2.6% | 0.0% |
| Day +9 | 14 | -0.1% | -4.0% to +3.1% | 50% | -4.0% to +3.4% | 0.0% |
| Day +10 | 14 | +0.1% | -3.6% to +2.8% | 50% | -3.8% to +3.0% | 0.0% |
Crosses above gamma max 14 completed Day +10 paths · latest Jul 16, 2026
| Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
|---|---|---|---|---|---|---|
| Day +1 | 14 | -0.5% | -1.2% to +2.0% | 43% | -1.3% to +2.1% | 0.0% |
| Day +2 | 14 | -0.0% | -2.1% to +2.2% | 50% | -2.2% to +2.5% | 0.0% |
| Day +3 | 14 | -0.3% | -2.0% to +1.7% | 50% | -2.1% to +1.8% | 0.0% |
| Day +4 | 14 | +1.0% | -2.5% to +1.4% | 57% | -2.9% to +1.4% | 0.0% |
| Day +5 | 14 | +0.5% | -2.5% to +1.9% | 57% | -2.6% to +2.0% | 0.0% |
| Day +6 | 14 | +1.0% | -2.8% to +1.6% | 57% | -2.8% to +1.7% | 0.0% |
| Day +7 | 14 | +1.2% | -3.3% to +3.1% | 57% | -3.3% to +3.3% | 0.0% |
| Day +8 | 14 | +0.6% | -1.9% to +4.0% | 64% | -2.1% to +4.2% | 0.0% |
| Day +9 | 14 | +0.6% | -4.2% to +4.0% | 50% | -4.8% to +4.1% | 0.0% |
| Day +10 | 14 | +2.0% | -4.4% to +5.2% | 57% | -5.0% to +5.3% | 0.0% |
Returns are close-to-close after the labelled number of subsequent trading sessions. The confidence floor is the closest-to-zero bound of the order-statistic median interval; it is zero when that interval spans zero. Its coverage is nominally at least 90% under independent observations. Historical paths can overlap, so the interval and floor are descriptive uncertainty guides rather than formal coverage guarantees. Historical, not a forecast.
Last 252 sessions
| Sessions closed above gamma max | 1% |
| Gamma max crosses | 4 |
| Delta neutral crosses | 12 |
| Prior-year sessions closer to gamma max | 77.0% of 252 |
| Prior-year sessions closer to delta neutral | 74.6% of 252 |
| Open interest percentile (1y) | 100th |
| Daily open interest change versus prior year | +0.61σ (73,589 contracts; 252 prior changes) |
| Open interest change, 5 sessions | +31.2% |
| Open interest change, 21 sessions | +25.4% |
| History available | Dec 1, 2020 → Oct 2, 2026 |
Recent crosses
- closed below delta neutral at 74.86 vs 75.60 (-1.0%)
- closed below gamma max at 76.69 vs 81.28 (-6.0%)
- closed above gamma max at 77.92 vs 77.81 (+0.1%)
- closed above delta neutral at 73.18 vs 72.30 (+1.2%)
- closed below delta neutral at 71.11 vs 71.19 (-0.1%)
- closed above delta neutral at 69.98 vs 69.75 (+0.3%)
- closed below delta neutral at 69.57 vs 69.64 (-0.1%)
- closed above delta neutral at 70.30 vs 70.01 (+0.4%)
- closed below delta neutral at 68.56 vs 68.84 (-0.4%)
- closed above delta neutral at 68.69 vs 67.63 (+1.5%)
In today's screens
Neighbours by open interest
Cite or embed this snapshot
Share the dated 1600×840 image or cite this canonical page. The card contains public derived aggregates, not contract-level quotes.
Canonical source: https://halfonadouble.com/stock/KRE
Questions people ask about KRE
Where is KRE's gamma max today?
As of Oct 2, 2026, the gamma max for KRE is 79.96, +13.0% from the 70.78 close. Gamma max is the underlying price at which the summed gamma of every open contract is largest; how it is computed and why it matters.
Is KRE above or below its delta neutral price?
KRE closed below delta neutral: 70.78 against a delta neutral price of 73.31. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does KRE have?
2,405,255 contracts of open interest across 931 listed contracts on Oct 2, 2026, +3.2% versus the previous session. What open interest measures.
Levels are recomputed after every trading day from licensed end-of-day options data; only derived aggregates are published. Methodology · Data and licence · Not investment advice.