Real Estate

KE Holdings Inc. (BEKE) options and signal

Figures as of 28 Sep 2026

BEKE is KE Holdings Inc., a Real Estate name the model ranks every trading day. The options figures are from the close on 28 Sep 2026. The model's figures are from 25 Sep 2026, one trading day behind the latest, as the Free plan shows them. Every model figure is paper trading.

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At a glance

Figure	Value	Date
IV rank	52 of 100	28 Sep
At the money IV	60.4%	28 Sep
Priced move to 23 Oct	15.8% down, 15.8% up	28 Sep
Call wall and put wall	20 and 18	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	16.95	28 Sep
Next report	10 Nov 2026	28 Sep

Options Snapshot

BEKE's IV rank is 52 of 100 on 28 Sep 2026.

Figure	Value
IV rank	52 of 100
At the money IV	60.4%, near month, 25 days
Put/call ratio, open interest	0.29
Call open interest, strikes captured near the price	78,600 contracts
Put open interest, strikes captured near the price	22,500 contracts
Cost to trade at the money	Wide, 70.2% of the option's mid price

IV rank is where the at the money IV sits among BEKE's own weekly readings, 0 the lowest and 100 the highest.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Priced Range

On 28 Sep 2026, BEKE options priced a move of 15.8 percent down and 15.8 percent up by 23 Oct 2026.

Expiry	Days	Down	Up	Range
2 Oct 2026	4	5.7%	5.7%	15.98 to 17.92
9 Oct 2026	11	9.8%	8.8%	15.29 to 18.45
16 Oct 2026	18	11.6%	13.8%	14.98 to 19.29
23 Oct 2026	25	15.8%	15.8%	14.27 to 19.63
20 Nov 2026	53	20.1%	18.6%	13.54 to 20.11
18 Dec 2026	81	23.2%	23.2%	13.01 to 20.89
16 Apr 2027	200	33.5%	35.8%	11.28 to 23.02

The range is one standard deviation either side of the close of 16.95, as the option prices imply it.

A priced move restates option prices at the close and says nothing certain about where the price goes.

Thin quote at that expiry; its neighbours' reading stands in.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Gamma Map

On 28 Sep 2026, BEKE's call wall is the 20 strike and its put wall is the 18 strike.

Figure	Value
Call wall, most open call gamma	20
Put wall, most open put gamma	18
Net dollar gamma, calls minus puts	$1.79 million
Total dollar gamma, both sides	$3.15 million
Close	16.95

Dollar gamma is stated for a one percent move in the price.

Net is calls minus puts under the standard convention, not a record of who holds the contracts.

Net gamma changes sign at 3 strikes, so no single flip strike is named.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility History

On 28 Sep 2026, BEKE's at the money IV is 60.4 percent against 20 day realized volatility of 38.6 percent.

Figure	Value
At the money IV	60.4%
Realized volatility, 20 trading days	38.6%
Realized volatility, 60 trading days	36.4%
IV against its own weekly record	In the middle
Weekly readings on record	289, from 2 Oct 2020
Weeks the price moved more than the one week priced move	26.7% of 236 weeks

Realized volatility is worked out from the daily closes the desk holds, not from the option chain.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Weather

On 28 Sep 2026, BEKE's at the money IV runs from 54.5 percent at 4 days to 44.5 percent at 200 days.

Days to expiry	At the money IV
4	54.5%
11	45.7%
18	56.1%
25	60.4%
53	52.8%
81	49.3%
109	45.0%
200	44.5%

Near expiries price more volatility than far ones, an inverted term structure.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Smile

On 28 Sep 2026, at the 25 day expiry, BEKE's IV ten percent below the price sits 5.2 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	65.6%	+5.2 points
At the money	60.4%	0.0 points
10% above the price	56.5%	-4.0 points

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Surface

On 28 Sep 2026, BEKE's surface spans 8 expiries out to 200 days, with IV from 43.2 to 67.2 percent near the price.

Figure	Value
Expiries captured	8
Nearest expiry	2 Oct 2026, 4 days
Farthest expiry	16 Apr 2027, 200 days
Points within 10% of the price, 7 days out or more	22
Lowest IV among them	43.2%
Highest IV among them	67.2%

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Expiry Ladder

On 28 Sep 2026, BEKE has 8 captured expiries, from 2 Oct 2026 to 16 Apr 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
2 Oct 2026	4	54.5%	2,583	386
9 Oct 2026	11	45.7%	456	143
16 Oct 2026	18	56.1%	29,058	9,248
23 Oct 2026	25	60.4%	271	1
20 Nov 2026	53	52.8%	680	3
18 Dec 2026	81	49.3%	6,885	2,188
15 Jan 2027	109	45.0%	26,820	9,765
16 Apr 2027	200	44.5%	11,813	788

Open interest is summed over the strikes captured near the price on each expiry.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Strike Table

On 28 Sep 2026, BEKE's largest open interest sits at the 20 strike, with 33,523 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
20	32,233	1,290	33,523
18	12,305	5,870	18,175
19	17,640	411	18,051
15	684	9,138	9,822
17	6,186	3,303	9,489
25	2,534	10	2,544

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, BEKE's at the money IV moved from 62.1 percent to 60.4 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	62.1%	60.4%	-1.7 points
Open interest, strikes captured near the price	96,011	101,088	+5,077
Put/call ratio, open interest	0.31	0.29	-0.02

Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Changed Hands

On 28 Sep 2026, 6,285 BEKE option contracts traded, 1.1 times its own recent average.

Figure	Value
Calls traded	5,269
Puts traded	1,016
Against its recent average	1.1 times
Open interest, whole chain	117,294 contracts
Volume to open interest	0.05
Unusual volume flag	Yes, 1 contract traded well above open interest
Largest flagged contract	The 17 call expiring 16 Oct, 3,011 traded against 1,370 open

Traded volume and open interest are shown side by side and never combined. Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Positioning Replay

The replay holds 5 trading days of BEKE's option positioning, from 22 Sep 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
22 Sep 2026	16.38	$308,784	19	15
28 Sep 2026	16.95	$1.79 million	20	18

Each frame restates one nightly capture. Net is calls minus puts, a convention, not who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Read-out

On 25 Sep 2026 the desk's view of BEKE was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	17.20, the swing high of 11 Sep 2026
Level below the close	16.65, the swing low of 10 Sep 2026
Strategy family	Iron condor (sell both sides, defined risk)
Price target	None. The desk has no price model.

The levels are prices the shares turned at on the chart, with the date of each.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Rank by Timeframe

On 25 Sep 2026 BEKE sat at the 45th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	33 of 100	Neutral
20 trading days	44 of 100	Neutral
45 trading days	45 of 100	Neutral

100 is the top of the ranking. A name in the middle three fifths is neutral.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Timeframe Agreement

On 25 Sep 2026 BEKE's near timeframes were neutral and its long timeframe was neutral, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Neutral	0 of 2
Long	45 day	Neutral	0 of 1

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Signal History

On 25 Sep 2026 BEKE had carried no signal for at least 5 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	45 of 100
24 Sep 2026	None	60 of 100
23 Sep 2026	None	62 of 100
22 Sep 2026	None	48 of 100
21 Sep 2026	None	53 of 100

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Signal History in RingMaster The Signal History guide

Sector Split

On 25 Sep 2026, 11 of 41 Real Estate names were bullish and 17 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Real Estate	41	11	17	13

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Price Chart

BEKE closed at 16.95 on 28 Sep 2026.

Figure	Value
Last close	16.95
Change over 5 trading days	+2.3%
Change over 21 trading days	-4.4%
Change over 63 trading days	+16.5%
Change over 252 trading days	-12.4%
52 week high	20.65
52 week low	13.81
20 day moving average	16.86
50 day moving average	16.98
200 day moving average	16.77
RSI, 14 days	52

Worked out from the desk's own daily bars, adjusted for share splits.

From the daily bars through 28 Sep 2026. Current on every plan.

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Earnings Radar

BEKE reports next on 10 Nov 2026, a date worked out from past quarters.

Figure	Value
Next report	10 Nov 2026, before the open
Date	Worked out from past quarters
Move after the report of 21 Aug 2026	+4.5%
Move after the report of 19 May 2026	+5.2%
Move after the report of 18 Feb 2026	-0.6%
Move after the report of 18 Nov 2025	+1.0%

Earnings calendar as of 28 Sep 2026. Current on every plan.

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Seasonality

In the 5 Septembers on record, BEKE's average change was plus 6.1 percent, and it rose in 60.0 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	+6.1%	+0.9%	60.0%	5
October	-5.6%	-2.7%	33.3%	6
November	+10.8%	+4.7%	66.7%	6

Each figure is a month end to month end change in past years. A past month says nothing certain about the next one.

Monthly history through 28 Sep 2026. Current on every plan.

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Questions

What is BEKE's IV rank?: BEKE's IV rank is 52 of 100 on 28 Sep 2026.
What move are BEKE options pricing?: On 28 Sep 2026, BEKE options priced a move of 15.8 percent down and 15.8 percent up by 23 Oct 2026.
Where are BEKE's call wall and put wall?: On 28 Sep 2026, BEKE's call wall is the 20 strike and its put wall is the 18 strike.
What was the desk's latest view of BEKE on the Free plan?: On 25 Sep 2026 the desk's view of BEKE was neutral, paper trading.
When does BEKE report earnings next?: BEKE reports next on 10 Nov 2026, a date worked out from past quarters.

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