Options/KKR

KKRKKR & Co. Inc.

Options Analysis Report•INVESTMENT ADVICE

Market Cap $98.1B|NYSE

● 2026-08-28$109.32

BEARISH

Analysis: 2026-08-27 EOD data

1Y -22.0%YTD -15.2%7D +0.8%

Options Vol

4,792

30D

Implied Move

±10.3%

IV Rank

KKR Options Overview

IV is elevated with bearish flow. No clear edge detected.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for premium sellers

Learn

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KKR Gamma Walls

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KKR Hedge Radar

Neutral

Full Hedge Radar

Neither score is at an extreme today. Neither axis is a forecast — this is where KKR sits on protection cost vs. fragility today.

Protection is priced in the cheap band (1.9) — near-dated vol is priced 7% below far-dated, and implied vol sits in the 9th percentile of its own past year, measured against this name's own rolling 20-trading-day realized moves (484 overlapping windows). Fragility reads neutral (4.24): it is trading 3% above its hedge wall on a wall graded HIGH for reliability, and its realized-vol regime is stable.

Protection cost

1.90/ 10cheap

Basis: cross_sectional

Fragility

4.24/ 10neutral

Basis: per_ticker

Value

Is IV priced right?

6.0

ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks6/9 checks passed

IV Rank

≤35%

IV Rank 72.4% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 0.87x — IV ≤ HV

Sector Relative≤50%

Sector percentile 91% — above sector median

Term Structure

<1.1x

Front/Back 0.93x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 38.0% — normal range

Spread-Adjusted Value

<80%

Effective IV 58.2% (ATM 38.0% + spread 10.1% + bias) — good value

Execution Efficiency

<3.0%

Total drag 15.28% (spread 10.12% + slippage 5.16%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 14.45 (vega 14.628 / spread 10.12%) — efficient

Sentiment

Bullish or bearish?

2.6

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksBearish - Strong signal (Conviction: -25%, Raw: -16%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -25% (bearish) — Raw: -16%

OI Skew Magnitude

≥15%

|OI skew| 31.2% — put-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew -62.6%, OI skew -31.2% — aligned

Conviction Quality

≥2/3 conditions

0-DTE 4%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: -58%, ATM: -26%, OTM: -11% — strong bearish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 89% — very bearish vs sector

Activity

Unusual activity?

3.0

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed

Volume Surge

≥1.5x

Volume 0.4x avg — normal

Turnover Rate

≥15%

Vol/OI 1.7% — normal turnover

Multi-Day Persistence

≥2 days

1 day(s) elevated — may be one-day event

OI Build

≥5%

OI change -10.0% (5d) — unwinding

Sector Relative≥60%

Sector activity percentile 39% — below sector avg

Trade Quality

≥30%

Large trade volume 50% — heavy institutional

Execution Urgency

≥60%

Aggressive execution 32% — patient

Flow Conviction

≥30

Conviction -25 (bearish) — mixed

Liquidity

Can I trade efficiently?

4.1

IlliquidLiquid

Evaluates

bid-ask spreads

, volume depth, and open interest for trade execution quality.

Risk Checks3/8 checks passed

Tradeable Spread

≤5.0%

Spread 10.1% — wide

Adequate OI

≥10,000

OI 278,210 — deep

Active Volume

≥500

Volume 4,792/day — adequate

Reasonable Cost

≤$0.50

$0.51 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 91% — much wider than sector

Order Book Depth

≥100 contracts

Depth 204.39999999999998 contracts (bid:120.3 ask:84.1) — adequate

Execution Quality

<1.0%

Avg slippage 5.16% — poor

Timing

Is now a good time?

6.9

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks7/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -7.1% — contango

IV Percentile Clarity

<30 or >70

IV percentile 72% — seller opportunity

Event Detection

≥10pts kink

IV kink -1.0pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 189.48 — favors income trades

Expiration Distribution

≥3 expirations

5 liquid expirations — flexible

Event Risk

≥60% (safe)

safe window: No events detected

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow -25% @ 62% consistency — unclear

Smart Money Timing

≥40 composite score

Score 80 (ITM 20% + inst 50%) — HIGH institutional

Directional Strategy Fit

Option Buyers

Long Calls4.7

bullishIV cheap, bearish flow

Long Puts6.3

bearishIV cheap, bearish flow

Premium Sellers

Cash-Secured Put4.0

bullishIV too cheap, bearish flow

Covered Call5.3

bearishIV too cheap, bearish flow

For educational purposes only. Not investment advice.