Options/KVUE

KVUEKenvue Inc.

Options Analysis Report•PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS

Market Cap $34.2B|NYSE

● 2026-09-11$17.78

NEUTRAL

Analysis: 2026-09-10 EOD data

1Y -6.4%YTD +2.7%7D -5.1%

Options Vol

1,324

30D

Implied Move

±8.5%

IV Rank

15%

KVUE Options Overview

IV is low. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for option buyers

Learn

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KVUE Gamma Walls

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Value

Is IV priced right?

6.9

ExpensiveCheap

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

levels.

Risk Checks5/9 checks passed

IV Rank

≤35%

IV Rank 21.8% — cheap vs history

IV/HV Ratio

<1.05x

IV/HV 1.19x — IV premium over HV

Sector Relative≤50%

Sector percentile 34% — below sector median

Term Structure

<1.1x

Front/Back 0.87x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 26.8% — normal range

Spread-Adjusted Value

<80%

Effective IV 250.8% (ATM 26.8% + spread 112.0% + bias) — expensive

Execution Efficiency

<3.0%

Total drag 142.50% (spread 111.98% + slippage 30.52%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 0.17 (vega 1.923 / spread 111.98%) — spread drag

Sentiment

Bullish or bearish?

5.3

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksBullish - Moderate signal (Conviction: +26%, Raw: +31%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +26% (bullish) — Raw: +31%

OI Skew Magnitude

≥15%

|OI skew| 44.9% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew -55.1%, OI skew +44.9% — divergent (opposite)

Conviction Quality

≥2/3 conditions

0-DTE 3%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: -13%, ATM: +19%, OTM: +51% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 94% — very bearish vs sector

Activity

Unusual activity?

2.4

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed

Volume Surge

≥1.5x

Volume 0.6x avg — normal

Turnover Rate

≥15%

Vol/OI 0.7% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change -0.2% (5d) — stable

Sector Relative≥60%

Sector activity percentile 6% — quiet vs sector

Trade Quality

≥30%

Large trade volume 15% — mixed

Execution Urgency

≥60%

Aggressive execution 32% — patient

Flow Conviction

≥30

Conviction +26 (bullish) — mixed

Liquidity

Can I trade efficiently?

3.7

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks4/8 checks passed

Tradeable Spread

≤5.0%

Spread 112.0% — wide

Adequate OI

≥10,000

OI 184,530 — deep

Active Volume

≥500

Volume 1,324/day — adequate

Reasonable Cost

≤$0.50

$5.60 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 40% — tighter than sector

Order Book Depth

≥100 contracts

Depth 146.60000000000002 contracts (bid:78.9 ask:67.7) — adequate

Execution Quality

<1.0%

Avg slippage 30.52% — poor

Timing

Is now a good time?

6.8

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks7/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -13.0% — contango

IV Percentile Clarity

<30 or >70

IV percentile 22% — buyer opportunity

Event Detection

≥10pts kink

IV kink -0.8pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 77.24 — favors income trades

Expiration Distribution

≥3 expirations

5 liquid expirations — flexible

Event Risk

≥60% (safe)

caution advised: FOMC in 5d; CPI in 0d (HIGH)

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow +26% @ 63% consistency — moderate (bullish)

Smart Money Timing

≥40 composite score

Score 45 (ITM 20% + inst 15%) — moderate institutional

Directional Strategy Fit

Option Buyers

Long Calls5.9

bullishIV cheap, mixed flow

Long Puts5.6

bearishIV cheap, mixed flow

Premium Sellers

Cash-Secured Put4.6

bullishIV too cheap, mixed flow

Covered Call4.3

bearishIV too cheap, mixed flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Sep 7, 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.

More on KVUE

KVUE gamma walls KVUE option chain KVUE max pain KVUE expected move KVUE IV rank KVUE put/call ratio KVUE options flow