KKR Options Chain Analysis

As of previous close (2026-10-02) · OPRA historical data

Spot $90.7 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

1.88

178k P / 95k C

Put/Call (Volume)

1.36

2k P / 2k C that session

30d ATM IV

40%

annualized implied move

Call wall

$125

11k contracts

Put wall

$90

32k contracts

Tail hedging

0.5×

deep-OTM puts vs calls

What the positioning says

●Defensive positioning: 1.88 puts outstanding per call — holders are hedging rather than selling.
●Call wall at $125 (11k contracts), 38% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $90 (32k contracts), 1% below spot — the hedge floor; often acts as support.

Open interest by strike

All expiries combined. Amber lines mark the call and put walls; the dashed line is spot.

IV term structure

At-the-money implied volatility per expiry.

Volatility smile

IV by strike — expiry 2026-10-30. A steep left side = expensive downside protection.

30-day implied volatility history

Daily ATM IV (~30 DTE bucket) collected since March 2026. Rising IV into an event = the market bracing; collapsing IV after = the crush.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-09	953	1k	1.12	860
2026-10-16	18k	10k	0.56	835
2026-10-23	150	165	1.10	26
2026-10-30	236	251	1.06	2
2026-11-06	50	390	7.80	29
2026-11-13	3	17	5.67	38
2026-11-20	3k	6k	2.01	911
2026-12-18	18k	82k	4.59	151
2027-01-15	22k	24k	1.13	321
2027-03-19	6k	13k	1.98	124
2027-05-21	452	2k	3.41	53
2027-06-17	4k	10k	2.25	96
2027-09-17	607	2k	3.18	1
2027-12-17	2k	3k	1.64	59
2028-01-21	13k	18k	1.40	78
2029-01-19	1k	2k	1.45	3

Source: Cboe end-of-session option chains, summarized after each US market close and published from the following trading day — OPRA historical data. Under the OPRA plan options data becomes historical, and freely publishable, at the opening of the next trading session; data from the session in progress is never displayed or served here. Open interest is exchange-reported once a day. Research, not investment advice.