KRE is right in the center of my and market-wide has been down, down, down. I am also experimenting with a new management technique where I try and keep what I call between $300-500 per dollar of daily decay. This is calculated by dividing the total capital requirement by the theta level. This position's theta-weight is on the lighter side (less than $300/theta), meaning a greater perceived volatility risk. After almost two weeks and a perfectly centered position, I'd expect this metric to be on the heavier side (which I believe would indicate a lower volatility risk).
If KRE has a large move of any kind, I fully expect to lose money. Since I already have $0.41 in profit, the share price is perfectly centered, and volatility risk appears to be elevated (in my opinion), I've decided to lock in profits and reestablish a new position with wider strikes in August.