Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
KKR options intelligence
KKR & Co. Inc. options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
33
Market data through 12 Aug 2026
Checked 13 Aug 2026 11:00 · complete available chain
Options-market disagreement
Mixed pressure
KKR currently carries mixed options pressure with a 33/100 conviction score. The nearest-chain expected move is 2.7%, with volume/open-interest participation at 0.02.
Expected move
2.7%
Near-term move context
Activity / OI
0.02
Current volume is quieter versus prior open interest
Put-call
0.59
Call-side skew
Trend fit
54
Options are not fully confirming trend
Weekly backdrop
+1.4%
RS -18.3
Expected move
2.7%
Put-call volume
0.59
Volume / OI
0.02
Reference IV
0.37
Max pain
105.00
Underlying
102.81
Nearest expiry
14 Aug 2026
Contracts
1304
Research Brief
KKR has a mixed chain read with 33/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 100.01–105.61; The largest call open-interest concentration is 110.00; the largest put concentration is 109.00. The most active strike by current volume is 109.00.
Priced range100.01–105.61
Call concentration110.00
Put concentration109.00
Max pain reference105.00
- A clear directional pressure reading develops and price begins to agree.
- Volatility falls and the chain remains directionally mixed.
- Options and the weekly trend are not yet giving the same message.
Priced Move
Where the chain says movement becomes exceptional
Options imply 100.01 to 105.61. Max pain at 105.00 sits inside that range, 2.1% above spot.
Spot
Max pain
100.01102.81 ± 2.80105.61
Confirmation level
A close beyond 105.61 or below 100.01 at the 14 Aug expiry would exceed the move currently priced by this chain.
Important limitation
The range is a pricing reference, not a forecast; volatility can reprice sharply after news or as expiry approaches.
Score Construction
Why conviction is 33/100
Pressure is 16/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure16 × 42%
+6.6
How strongly activity leans toward calls or puts.
Participation40 × 22%
+8.9
Volume relative to existing open interest and contract-level activity.
Trend agreement54 × 26%
+13.9
How closely the chain read agrees with the underlying trend backdrop.
Volatility37 × 10%
+3.7
The intensity of implied volatility and the priced move.
Positioning by Strike
Where open interest and current activity concentrate
The largest call open-interest concentration is 110.00; the largest put concentration is 109.00. The most active strike by current volume is 109.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
187
80.00-22.2%
1
20
95.00-7.6%
24
20
97.00-5.7%
25
28
98.00-4.7%
25
25
100.00-2.7%
282
34
101.00-1.8%
8
17
102.00-0.8%
34
28
105.002.1%
281
4
106.003.1%
53
168
107.004.1%
40
128
108.005.0%
109
190
109.006.0%
46
3
110.007.0%
286
4
111.008.0%
27
2
112.008.9%
203
0
113.009.9%
62
0
116.0012.8%
175
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Balanced gamma proxy
Call- and put-side gamma sensitivity is broadly balanced across the retained chain. Individual strike concentrations may still matter more than the chain-wide net.
Net profile+$4.0MDelta change / 1% move
Positive peak110.00+$3.9M
Negative peak95.00-$3.0M
Nearest balance102.00Interpolated sign change
StrikeNegativePositiveNet / 1% move
93.00-9.5%
-$2,249
94.00-8.6%
-$1,476
95.00-7.6%
-$3.0M
96.00-6.6%
-$3,649
97.00-5.7%
-$3,665
97.50-5.2%
-$183,841
98.00-4.7%
-$13,238
99.00-3.7%
-$7,384
100.00-2.7%
-$1.2M
101.00-1.8%
-$126,968
102.00-0.8%
-$2,149
103.000.2%
+$1.9M
104.001.2%
-$465
105.002.1%
+$949,112
106.003.1%
+$41,986
107.004.1%
-$621,024
108.005.0%
+$165,053
109.006.0%
-$61,512
110.007.0%
+$3.9M
111.008.0%
+$34,332
112.008.9%
+$276,384
Positive call-side proxy Negative put-side proxyHighlighted row is nearest spot strike
Scenario proxy = gamma × open interest × 100 shares × spot² × 1%. Calls are positive and puts negative by convention. Missing Greeks use a Black-Scholes estimate from stored IV with zero rate and dividend assumptions. Open interest does not reveal who is long or short, so this is not observed dealer positioning or a forecast.
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.37
14 Aug
2d
0.35
21 Aug
9d
0.36
28 Aug
16d
0.36
4 Sep
23d
0.35
11 Sep
30d
0.38
18 Sep
37d
0.36
25 Sep
44d
0.37
16 Oct
65d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
83
85
87
89
90
92
94
96
98
100
101
103
105
107
109
111
113
114
116
118
120
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Across 4 stored directional transitions, the next stored price moved in the labelled direction 25% of the time.
Directional follow-through25%
Moves contained by pricing100%
Average expiry move1.5%
6 Aug
Mixed · 37
1.4% through expiry
3.5% priced · v2.0
5 Aug
Bullish · 36
1.4% through expiry
5.1% priced · v2.0
4 Aug
Bearish · 60
1.4% through expiry
6.1% priced · v2.0
3 Aug
Bearish · 61
1.4% through expiry
6.3% priced · v2.0
31 Jul
Bearish · 53
1.4% through expiry
4.4% priced · v2.0
30 Jul
Mixed · 45
2.1% through expiry
4.2% priced · v2.0
Eligible snapshots must have a dated market session, stored signal, and point-in-time market reference. Each observation uses one read per market session and the first stored weekly close on or immediately after expiry; its original calculation version is retained. It is an evidence audit, not an executable strategy or evidence of future performance.
Evidence Quality
Usable with limits
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 12 Aug 2026
- Calculation
- v2.0
- Contracts
- 1304 / 1304
- No material coverage gap was detected in the retained chain.
Aggregate chain data supports concentration, participation and pricing analysis. It does not identify trade aggressor, opening versus closing activity, multi-leg intent or dealer inventory.
Options Intent Radar
Multi-expiry position-maintenance candidate
Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.
The options read is mixed, so divergence is not strong enough to classify.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $3.4M of estimated gross traded notional, calls · 91+ days · otm, and a no clean flow/price divergence backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+16
1W price+1.4%
Call premium86%
Put premium14%
Notional split
C 86% / P 14%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.02
Volume divided by open interest across the visible chain.
Trend fit
54/100
Agreement between options pressure and Sharemaestro market context.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Calls · 91+ days · OTM
calls cluster with 1141 contracts traded, $1.7M estimated gross traded notional, and 50% of visible notional.
$1.7M
Calls · 91+ days · ITM
calls cluster with 187 contracts traded, $567,685 estimated gross traded notional, and 17% of visible notional.
$567,685
Calls · 8-21 days · ITM
calls cluster with 151 contracts traded, $385,925 estimated gross traded notional, and 11% of visible notional.
$385,925
Puts · 91+ days · ITM
puts cluster with 80 contracts traded, $122,215 estimated gross traded notional, and 4% of visible notional.
$122,215
Puts · 91+ days · ATM
puts cluster with 156 contracts traded, $114,020 estimated gross traded notional, and 3% of visible notional.
$114,020
Setup Classification
Opportunity and risk frame
Underlying price is close to the max-pain zone.
Activity Anomaly
Quiet tape
Activity is muted versus this ticker's stored history.
Baseline: 11 completed sessions
Volume rank27th
Volume/OI rank27th
IV rank9th
Market Context
Underlying confirmation
Close102.81
1W+1.4%
RS-18.3
Fair value-6.4%
Options pressure16
Speculation40
Volatility37
Trend fit54
Today Versus Normal
Stored-options context
30d avg 4.9% · 11 sessions
0th
90d avg - · 11/30 sessions
-
180d avg - · 11/60 sessions
-
30d avg 0.54 · 11 sessions
9th
90d avg - · 11/30 sessions
-
180d avg - · 11/60 sessions
-
30d avg 1.59 · 11 sessions
27th
90d avg - · 11/30 sessions
-
180d avg - · 11/60 sessions
-
30d avg 0.06 · 11 sessions
27th
90d avg - · 11/30 sessions
-
180d avg - · 11/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:03
Bullish
Pressure 43
Move 5.7%
30 Jul 10:02
Volatility
Pressure -18
Move 4.9%
30 Jul 15:22
Bearish
Pressure -42
Move 3.6%
30 Jul 15:40
Bearish
Pressure -41
Move 3.7%
30 Jul 19:54
Mixed
Pressure -17
Move 4.2%
3 Aug 00:05
Bearish
Pressure -38
Move 4.4%
3 Aug 17:01
Bearish
Pressure -89
Move 4.6%
4 Aug 05:16
Bearish
Pressure -73
Move 6.3%
Strike Map
Where activity is clustering
Strike60.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike65.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike70.00
Calls · V 0 · OI 0
Puts · V 1 · OI 3
Strike75.00
Calls · V 0 · OI 0
Puts · V 0 · OI 9
Strike80.00
Calls · V 0 · OI 1
Puts · V 0 · OI 187
Strike81.00
Calls · V 0 · OI 1
Puts · V 0 · OI 4
Strike82.00
Calls · V 0 · OI 11
Puts · V 1 · OI 12
Strike83.00
Calls · V 1 · OI 11
Puts · V 0 · OI 9
Term Structure
Expiration activity
Expiry14 Aug 2026
Contracts96
Avg IV0.37
Put-call1.45
Expiry21 Aug 2026
Contracts120
Avg IV0.35
Put-call1.48
Expiry28 Aug 2026
Contracts96
Avg IV0.36
Put-call0.41
Expiry4 Sep 2026
Contracts92
Avg IV0.36
Put-call0.62
Expiry11 Sep 2026
Contracts84
Avg IV0.35
Put-call4.60
Skew
Call/put IV balance
14 Aug 2026Balanced skew
Call IV0.49
Put IV0.47
Skew-0.02
21 Aug 2026Put IV premium
Call IV0.35
Put IV0.46
Skew0.12
28 Aug 2026Balanced skew
Call IV0.39
Put IV0.41
Skew0.03
4 Sep 2026Balanced skew
Call IV0.36
Put IV0.39
Skew0.03
11 Sep 2026Balanced skew
Call IV0.34
Put IV0.36
Skew0.02
Contract Tape
Most active contracts
ContractKKR280121C00130000
SideCall
Expiry21 Jan 2028
Strike130.00
Volume926
OI1958
IV0.40
ContractKKR260821P00090000
SidePut
Expiry21 Aug 2026
Strike90.00
Volume259
OI930
IV0.50
ContractKKR260828C00120000
SideCall
Expiry28 Aug 2026
Strike120.00
Volume258
OI38
IV0.36
ContractKKR260821C00085000
SideCall
Expiry21 Aug 2026
Strike85.00
Volume150
OI170
IV0.01
ContractKKR260918C00120000
SideCall
Expiry18 Sep 2026
Strike120.00
Volume127
OI2192
IV0.36
ContractKKR260821P00110000
SidePut
Expiry21 Aug 2026
Strike110.00
Volume115
OI161
IV0.34
ContractKKR260918C00115000
SideCall
Expiry18 Sep 2026
Strike115.00
Volume104
OI2428
IV0.36
ContractKKR260828P00105000
SidePut
Expiry28 Aug 2026
Strike105.00
Volume95
OI1
IV0.36
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
No recent market-watch posts yet.
Earnings
No upcoming matched earnings event.
Plain English Guide
Options context
What usually looks constructive
What usually looks cautious
Options can move quickly and can lose value fast. Treat this as research context, not a buy or sell instruction.