Options Skew Analytics

KRE option chain

Strikes around the forward, as they were quoted at the close

Data as of 9 November 2026 (end of day)

2026-11-13(4 days)ATM 26.19%±2.02skew +3.10
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
10$6.70$9.15—$66.00—————
091$5.25$7.25—$67.5042.39%$0.01$0.0514525
080$4.40$5.85—$68.50—————
045$4.55$5.55—$69.00—————
26$4.05$4.85—$69.50—————
045$3.55$4.55—$70.00—————
044$3.10$3.85—$70.50—————
05$2.69$3.25—$71.0032.13%$0.15$0.201,793516
0106$2.25$2.96—$71.5030.65%$0.20$0.261,4961,106
1291$1.87$2.00—$72.0029.45%$0.28$0.342,357685
42435$1.49$1.62—$72.5028.38%$0.37$0.47568161
13319$1.14$1.25—$73.0027.00%$0.51$0.602,410951
213175$0.82$0.92—$73.5026.42%$0.69$0.821,3821,959
1,4842,425$0.58$0.6525.72%$74.00—$0.94$1.05742796
609385$0.38$0.5026.08%$74.50—$1.25$1.371078
79537$0.26$0.3526.35%$75.00—$1.63$1.791250
—————$75.50—$1.67$2.731870
53,284$0.09$0.1224.95%$76.00—————
—————$76.50—$2.48$4.0080
2219$0.02$0.0826.94%$77.00—$2.92$4.30190
—————$78.00—$3.40$5.4510

Forward $73.62. The 25-delta put carries +3.10 volatility points over the 25-delta call.

2026-11-20(11 days)ATM 24.19%±3.09skew +3.36
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0784$5.55$6.25—$68.0033.19%$0.14$0.1633,1963,052
0120$5.10$5.75—$68.50—————
01,230$4.70$5.25—$69.0030.39%$0.16$0.2218,970299
0507$4.25$4.80—$69.5030.13%$0.20$0.292,786183
78018,379$3.80$4.30—$70.0029.27%$0.28$0.3176,0148,688
058$3.35$3.85—$70.5027.78%$0.29$0.3830,795666
09,179$2.91$3.40—$71.0027.58%$0.41$0.4539,12715,088
5254$2.55$2.97—$71.5026.89%$0.49$0.56556565
23511,226$2.25$2.44—$72.0026.43%$0.62$0.6830,8732,160
6453$1.90$2.11—$72.5026.22%$0.76$0.865064
5833,332$1.52$1.79—$73.0025.36%$0.90$1.0311,080132
01,470$1.28$1.49—$73.5025.14%$1.10$1.269660
23512,314$1.01$1.1123.52%$74.00—$1.34$1.496,799275
244,235$0.79$0.9624.03%$74.50—$1.62$1.811,0260
15916,395$0.60$0.7823.92%$75.00—$1.94$2.154,9501,000
1311,849$0.47$0.5923.70%$75.50—$2.23$2.43720
2684,095$0.34$0.4623.53%$76.00—$2.39$3.052970
4012,554$0.25$0.3423.34%$76.50—$2.74$3.652060
6093,518$0.18$0.2723.58%$77.00—$3.15$4.201060
—————$78.00—$3.95$4.65554
—————$79.00—$4.90$6.45075

Forward $73.71. The 25-delta put carries +3.36 volatility points over the 25-delta call.

2026-11-27(18 days)ATM 23.97%±3.93skew +3.29
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
052$6.25$7.40—$67.50—————
020$5.80$6.70—$68.00—————
—————$68.5028.09%$0.20$0.31840
01$4.85$5.85—$69.0028.70%$0.30$0.3930
03$4.35$5.30—$69.5026.83%$0.29$0.4240
4135$4.05$4.45—$70.0026.58%$0.35$0.522114
258$3.65$4.15—$70.5027.08%$0.49$0.641550
286$3.15$3.70—$71.0026.09%$0.58$0.7012140
011$2.89$3.15—$71.50—————
97$2.42$2.88—$72.0024.81%$0.80$0.9410420
618$2.20$2.46—$72.5024.87%$0.95$1.1680
1,3381,522$1.91$2.15—$73.0023.84%$1.08$1.31428
025$1.56$1.91—$73.5024.56%$1.32$1.62120
105$1.31$1.5623.72%$74.00—$1.55$1.7970
06$1.04$1.3123.10%$74.50—$1.76$2.02910
11939$0.89$0.9822.35%$75.00—$2.12$2.361270
60—$0.66$0.9222.73%$75.50—$2.45$2.66—0
1089$0.51$0.7622.55%$76.00—$2.68$3.15680
4—$0.40$0.6522.80%$76.50—$2.84$4.30—0
1099$0.31$0.4722.14%$77.00—$3.25$4.9010
—————$82.00—$7.35$10.35—0

Forward $73.76. The 25-delta put carries +3.29 volatility points over the 25-delta call.

2026-12-04(25 days)ATM 23.60%±4.56skew +3.74
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$68.0028.84%$0.29$0.4590
—————$68.5028.77%$0.38$0.5171
—————$69.0027.53%$0.42$0.5353
—————$69.5026.71%$0.42$0.6441
058$4.25$4.85—$70.0026.20%$0.49$0.7360
02$3.90$4.65—$70.5026.34%$0.66$0.82220
01$3.50$4.10—$71.0025.18%$0.68$0.93381
—————$71.5025.75%$0.88$1.1141
02$2.48$2.77—$72.5024.39%$1.17$1.3520
06$2.17$2.46—$73.0024.40%$1.31$1.63552
—————$73.5023.88%$1.56$1.761511
01$1.59$1.9023.60%$74.00—$1.77$2.01141
—————$74.50—$2.05$2.3040
02$1.15$1.4623.48%$75.00—————
05$0.96$1.2223.05%$75.50—————
119$0.82$1.0423.09%$76.00—$2.99$3.3020
01$0.55$0.7122.60%$77.00—————
38561$0.37$0.4722.39%$78.00—————
02$0.23$0.3622.81%$79.00—————
—————$80.00—$5.90$7.5510

Forward $73.85. The 25-delta put carries +3.74 volatility points over the 25-delta call.

2026-12-11(32 days)ATM 23.78%±5.20skew +3.11
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
07$9.35$11.45—$64.00—————
—————$69.5026.41%$0.53$0.8530
—————$70.0026.77%$0.77$0.904337
02$4.05$4.75—$70.5025.61%$0.80$0.9810
05$3.70$4.35—$71.0024.83%$0.81$1.1510
01$3.35$3.90—$71.5024.11%$0.93$1.2420
01$3.00$3.50—$72.0023.78%$1.08$1.3980
—————$72.5023.92%$1.29$1.5910
—————$73.0024.30%$1.60$1.77051
02$1.86$2.1923.87%$74.00—$2.03$2.2302
02$1.62$1.8523.16%$74.50—————
84$1.40$1.6623.21%$75.00—$2.53$2.80099
21$1.21$1.4723.22%$75.50—————
215$1.03$1.2422.82%$76.00—————
96$0.74$0.9022.50%$77.00—————
01$0.43$0.6821.90%$78.00—————
120$0.36$0.5523.13%$79.00—————

Forward $73.89. The 25-delta put carries +3.11 volatility points over the 25-delta call.

2026-12-18(39 days)ATM 23.33%±5.64skew +4.20
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
0128$11.30$12.65—$62.00—————
0188$10.60$11.75—$63.0034.66%$0.21$0.3424,5531
01,607$10.05$10.60—$64.0032.98%$0.28$0.346,023102
0225$9.10$9.70—$65.0031.51%$0.32$0.4035,274212
01,728$8.15$8.70—$66.0030.68%$0.43$0.476,609284
11,028$7.25$7.80—$67.0029.19%$0.51$0.5413,8191,714
01,211$6.40$6.85—$68.0027.94%$0.61$0.6540,2484,236
0650$5.50$5.95—$69.0026.71%$0.72$0.802,1832,095
45,679$4.70$5.10—$70.0025.76%$0.88$1.0010,8344,563
212,454$3.95$4.25—$71.0025.04%$1.11$1.259,30716,018
010,842$3.25$3.50—$72.0024.31%$1.41$1.537,42848
655,102$2.58$2.88—$73.0024.02%$1.77$1.958,5341,220
1481,184$2.09$2.3323.41%$74.00—$2.17$2.402,66364
4438,657$1.63$1.8022.86%$75.00—$2.64$2.905,655243
2758,864$1.20$1.3922.34%$76.00—$3.30$3.554703
1281,108$0.90$0.9721.69%$77.00—$3.95$4.304350
5511,578$0.61$0.7621.56%$78.00—$4.50$5.001150
2061,550$0.49$0.5621.98%$79.00—$5.30$5.90960
1,1374,124$0.33$0.3921.65%$80.00—$6.10$6.701060
17811,692$0.23$0.3122.04%$81.00—$6.95$7.65170
16729$0.17$0.2522.64%$82.00—$7.90$9.3530

Forward $73.92. The 25-delta put carries +4.20 volatility points over the 25-delta call.

2026-12-24(45 days)ATM 24.26%±6.28skew +5.75
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$63.0034.25%$0.29$0.4310
—————$68.0028.44%$0.65$0.9920
—————$69.0027.46%$0.87$1.109520
—————$69.5029.02%$0.94$1.5620
01$4.45$5.60—$70.0026.73%$1.00$1.41130
0640$4.35$4.75—$70.50—————
01$4.05$4.40—$71.00—————
01$3.30$4.50—$71.50—————
01$3.05$3.60—$72.50—————
—————$73.0024.95%$2.07$2.2924
07$2.45$2.99—$73.50—————
—————$75.00—$3.05$3.409510
22$1.35$1.6423.39%$76.00—$3.25$4.1510
0639$1.17$1.5523.69%$76.50—————
2641$1.04$1.3023.27%$77.00—————
0313$0.91$1.1523.22%$77.50—————
20$0.58$0.8223.28%$79.00—————
10$0.40$0.6423.11%$80.00—————

Forward $73.78. The 25-delta put carries +5.75 volatility points over the 25-delta call.

2026-12-31(52 days)ATM 23.06%±6.42skew +4.55
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$20.90$23.45—$52.00—————
05$18.15$19.70—$55.00—————
04$17.20$18.70—$56.00—————
01$14.25$15.75—$59.00—————
01$11.35$12.75—$62.00—————
01$10.40$11.95—$63.0032.94%$0.31$0.514690
01$9.75$10.85—$64.00—————
05$8.85$9.90—$65.0030.50%$0.45$0.643,9180
—————$66.0028.62%$0.45$0.73960
011$7.15$8.10—$67.0027.80%$0.58$0.85730
03$6.30$7.20—$68.0026.86%$0.77$0.94520
05$5.50$6.30—$69.0026.19%$0.93$1.16890
0142$4.80$5.45—$70.0025.34%$1.13$1.38950
016$4.10$4.60—$71.0024.50%$1.38$1.63270
011$3.45$3.85—$72.0024.04%$1.70$1.98422
010$2.84$3.15—$73.0024.00%$2.18$2.37264
028$2.30$2.5723.09%$74.00—$2.46$2.8980
0164$1.77$2.0722.36%$75.00—$2.98$3.451446
0428$0.44$0.6121.64%$80.00—$6.30$7.301260
—————$85.00—$10.95$12.4550
—————$90.00—$15.70$17.5560

Forward $73.76. The 25-delta put carries +4.55 volatility points over the 25-delta call.

How to read this

Calls on the left, puts on the right, the strike between them — the layout every chain uses. Each block is one expiration, and the heading carries its days to expiry, the at-the-money implied volatility, and the one-standard-deviation move that volatility implies over that time.

Only the 21 strikes nearest the forward are stored, which is the part of the board that carries the volume. The shaded side is in the money: below the forward for calls, above it for puts.

Implied volatility is shown on the out-of-the-money side only. An in-the-money option is nearly all intrinsic value quoted on a wide market, so a volatility solved from it would look authoritative and mean very little. The price is still shown, because the price is real; the blank is deliberate.