KRE Covered Call
Every out-of-the-money KRE call expiring Oct 16, 2026, priced from the settled chain: what it pays, what it yields, and where the trade stops making money. The richest right now is the $75.00 strike at 1.7% over 29 days.
Open interest and pricing as of the close on 2026-09-16. Recomputed every morning before the open.
KRE covered call candidates — Oct 16, 2026, 29 days out
Strikes are picked by distance from the $72.74 share price, not by delta — the published chain carries premiums and open interest, not greeks, and inventing a delta here would be inventing data. Premium is the bid/ask midpoint where both sides quote, otherwise the last trade. The chain artifact publishes the six nearest expirations, so this is the longest one listed — 29 days out. Annualising anything shorter than a week says more about compounding arithmetic than about the trade, so those cells stay blank.
| Strike | % OTM | Premium | Yield | Annualised | Break-even | If assigned | OI |
|---|---|---|---|---|---|---|---|
| $75.00 | 3.1% | $1.27 | 1.7% | 22.0% | $71.47 | 4.9% | 20,299 |
| $76.00 | 4.5% | $0.81 | 1.1% | 13.9% | $71.93 | 5.6% | 176 |
| $80.00 | 10.0% | $0.30 | 0.4% | 5.2% | $72.44 | 10.4% | 101,578 |
What the $75.00 call pays at expiration
One illustrative strike — the richest premium in the table — against 100 shares bought at $72.74. Profit caps at $353.00 if KRE finishes above $75.00; below $71.47 the premium stops covering the loss on the stock.
| Stock at expiration | Profit / loss per share | On 100 shares |
|---|---|---|
| $54.55 | $-16.92 | $-1,691.50 |
| $59.10 | $-12.37 | $-1,236.88 |
| $63.65 | $-7.82 | $-782.25 |
| $68.19 | $-3.28 | $-327.63 |
| $72.74 | +$1.27 | +$127.00 |
| $77.29 | +$3.53 | +$353.00 |
| $81.83 | +$3.53 | +$353.00 |
| $86.38 | +$3.53 | +$353.00 |
| $90.93 | +$3.53 | +$353.00 |
When a covered call fits KRE
A covered call sells someone else the right to buy your shares at the strike. It pays you today and caps your upside there, so it suits a holding you are content to own flat and content to sell at the strike — not one you expect to run.
The premium is compensation for implied volatility. Rich implied volatility pays more, and usually pays more because the market expects a move; a high annualised number on a name about to report earnings is a warning as often as an opportunity. Check the KRE expected move and the open-interest walls before assuming the strike is far enough away.
Full mechanics, assignment and rolling are in the covered call guide; to model a different strike or a multi-leg version, open the profit calculator with KRE loaded.
Questions
- What does a KRE covered call pay right now?
- The $75.00 call expiring Oct 16, 2026 (29 days out) collects $1.27 per share, 1.7% of the $72.74 share price, or 22.0% annualised if you repeat it.
- What is the break-even on a KRE covered call?
- Selling the $75.00 call against stock bought at $72.74 breaks even at $71.47 — the share price less the premium. Below that the premium no longer covers the loss on the shares.
- What happens if KRE closes above the strike?
- The shares are called away at $75.00. Total return is 4.9%: the premium plus the move from $72.74 up to the strike. Gains above the strike belong to the buyer.
More on KRE
Run the numbers
Weekly options-market digest
Sundays. What moved this week, what catalysts and earnings drive next week, and which 5-pillar setups stand out.
Free. One email per week. Unsubscribe with one click.
Educational, not investment advice. Options involve risk. Open interest is reported with a one-session lag by OCC, so these levels describe positioning as of the last settled session, not live intraday flow.