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KMTKennametal Inc.

Options Analysis Report•MACHINE TOOLS, METAL CUTTING TYPES
Market Cap $2.3B|NYSE
● 2026-08-31$29.54
BULLISH
Analysis: 2026-08-28 EOD data
1Y +38.9%YTD +1.9%7D +0.8%
24
30D
±10.8%
31%

KMT Options Overview

bullish flow. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

4.5VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Balanced conditions with no clear edge

Learn
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KMT Gamma Walls

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Value

Is IV priced right?

4.9
ExpensiveCheap

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

levels.

Risk Checks4/9 checks passed
≤35%

IV Rank 68.7% — elevated vs history

<1.05x

IV/HV 1.03x — IV ≤ HV

Sector Relative≤50%

Sector percentile 66% — above sector median

<1.1x

Front/Back 0.80x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 43.8% — normal range

<80%

Effective IV 133.2% (ATM 43.8% + spread 44.7% + bias) — expensive

<3.0%

Total drag 52.98% (spread 44.72% + slippage 8.26%) — high friction

≥5.0

Vega efficiency 0.63 (vega 2.805 / spread 44.72%) — spread drag

Sentiment

Bullish or bearish?

6.5
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: +1%, Raw: +5%)
|net sentiment| ≥25%

Conviction-weighted: +1% (neutral) — Raw: +5%

≥15%

|OI skew| 57.3% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +41.7%, OI skew +57.3% — aligned

≥2/3 conditions

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

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: +0%, ATM: -33%, OTM: +11% — bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 36% — bullish vs sector

Activity

Unusual activity?

2.2
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed
≥1.5x

Volume 0.1x avg — normal

≥15%

Vol/OI 0.4% — normal turnover

≥2 days

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

≥5%

OI change +58.5% (5d) — building

Sector Relative≥60%

Sector activity percentile 22% — below sector avg

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 17% — patient

≥30

Conviction +1 (bullish) — mixed

Liquidity

Can I trade efficiently?

2.4
IlliquidLiquid

Evaluates

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

Risk Checks0/8 checks passed
≤5.0%

Spread 44.7% — wide

≥10,000

OI 5,894 — thin

≥500

Volume 24/day — thin

≤$0.50

$2.24 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 79% — wider than sector

≥100 contracts

Depth 81.2 contracts (bid:45.1 ask:36.1) — thin

<1.0%

Avg slippage 8.26% — poor

Timing

Is now a good time?

6.3
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks5/9 checks passed
|slope| ≥5%

Slope -20.1% — contango

<30 or >70

IV percentile 69% — neutral

≥10pts kink

IV kink -7.3pts — no clear event

<0.5 or >2.0

θ/ν ratio 117.85 — favors income trades

≥3 expirations

3 liquid expirations — flexible

≥60% (safe)

safe window: No events detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow +1% @ 50% consistency — unclear

≥40 composite score

Score 30 (ITM 20% + inst 0%) — retail dominated

Directional Strategy Fit

Option Buyers
Long Calls5.3
bullishIV fair, bullish flow
Long Puts4.2
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put5.2
bullishIV fair, bullish flow
Covered Call4.2
bearishIV fair, bullish flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Aug 31, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.

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