Options Skew Analytics

KKR option chain

Strikes around the forward, as they were quoted at the close

Data as of 22 September 2026 (end of day)

2026-10-02(10 days)ATM 38.95%±6.41skew +1.83
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
07$10.70$12.80—$88.00—————
20$7.40$9.10—$92.00—————
—————$93.0042.96%$0.50$0.80111
—————$94.0040.10%$0.60$0.8515718
—————$95.0040.39%$0.85$1.1018215
—————$96.0039.71%$1.10$1.351595
—————$97.0039.45%$1.45$1.6530
12$3.10$3.40—$98.0039.47%$1.85$2.0510526
12$2.60$2.85—$99.0038.93%$2.25$2.50532
07$2.15$2.3538.96%$100.00—$2.75$3.10214
02$1.70$1.9038.44%$101.00—$2.85$3.60410
2626$1.35$1.5538.54%$102.00—$3.60$4.40135
257$1.05$1.2538.55%$103.00—$4.00$5.3090
514$0.80$1.0038.56%$104.00—$4.60$6.10150
017$0.65$0.8039.21%$105.00—$5.20$6.8040
8510$0.45$0.7039.67%$106.00—$6.60$7.70240
—————$107.00—$6.90$8.6050
—————$108.00—$7.40$9.6010
—————$110.00—$9.50$11.90110

Forward $99.35. The 25-delta put carries +1.83 volatility points over the 25-delta call.

2026-10-09(17 days)ATM 39.14%±8.40skew +2.32
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$33.80$35.20—$65.00—————
01$28.30$29.60—$70.00—————
01$9.20$11.30—$90.00—————
—————$92.0040.84%$0.75$1.0060
—————$93.0040.12%$0.90$1.20310
—————$94.0040.09%$1.15$1.4561
09$5.50$7.10—$95.0039.84%$1.40$1.75350
—————$96.0039.39%$1.70$2.0510
—————$97.0040.28%$2.05$2.60120
—————$98.0039.06%$2.50$2.8010
—————$99.0039.09%$2.95$3.3020
12$2.75$3.4039.16%$100.00—$3.40$3.9081
—————$101.00—$3.40$4.5040
06$2.05$2.5539.69%$102.00—$3.80$5.403550
0495$1.70$2.0038.36%$103.00—$4.30$6.1075
08$1.30$1.9039.01%$104.00—$4.90$6.7040
09$1.15$1.3537.77%$105.00—$5.80$7.40110
03$0.90$1.1537.71%$106.00—————
15$0.75$0.9537.92%$107.00—$7.40$9.1010
060$0.55$0.8037.63%$108.00—————
—————$109.00—$8.90$10.6055

Forward $99.42. The 25-delta put carries +2.32 volatility points over the 25-delta call.

2026-10-16(24 days)ATM 36.55%±9.32skew +1.17
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
02$10.00$11.50—$90.0041.28%$0.80$1.0523517
—————$91.0039.41%$0.90$1.1002
—————$92.0038.10%$1.00$1.25212
038$7.90$9.70—$92.5038.87%$1.15$1.451,1719
—————$94.0038.12%$1.50$1.80010
07$6.20$7.50—$95.0038.21%$1.85$2.105140
—————$96.0037.87%$2.20$2.4006
—————$97.0037.14%$2.50$2.7515
016$4.40$5.00—$97.5037.27%$2.75$2.958587
70$3.80$4.10—$99.0036.76%$3.40$3.60021
17389$3.30$3.6036.55%$100.00—$3.90$4.101,81064
362$3.00$3.2037.40%$101.00—$4.00$4.80013
711$2.50$2.7536.60%$102.00—$4.60$5.4004
100$2.15$2.3536.40%$103.00—$5.20$6.0002
01$1.85$2.0536.58%$104.00—————
12576$1.55$1.8036.66%$105.00—$6.30$7.501,29912
70$1.35$1.5536.95%$106.00—————
01$1.10$1.3036.57%$107.00—————
21$0.95$1.1036.78%$108.00—————
48$0.80$0.9537.01%$109.00—————
2241,302$0.65$0.9037.73%$110.00—$10.00$11.703810

Forward $99.45. The 25-delta put carries +1.17 volatility points over the 25-delta call.

2026-10-23(31 days)ATM 38.91%±11.29skew +0.91
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$19.00$21.20—$80.00—————
—————$85.0042.20%$0.40$0.6541
—————$88.0039.13%$0.65$0.85110
—————$89.0041.12%$0.80$1.30110
—————$90.0040.44%$0.95$1.45251
—————$92.0039.55%$1.40$1.8010
—————$93.0039.24%$1.45$2.25010
—————$95.0039.22%$2.25$2.7501
—————$97.0039.77%$3.00$3.7010
05$4.50$6.20—$98.0038.90%$3.30$4.1060
02$4.00$5.80—$99.00—————
07$3.80$4.8038.91%$100.00—$4.40$5.0010
01$3.00$3.9038.95%$102.00—————
03$2.60$3.5038.75%$103.00—————
—————$105.00—$6.30$8.30220
01$1.65$2.5038.44%$106.00—————
03$1.45$2.2538.75%$107.00—————
06$1.05$1.7038.33%$109.00—————
124$0.90$1.5038.42%$110.00—$10.10$12.2030
111$0.75$1.2037.59%$111.00—————
—————$112.00—$11.40$14.0030

Forward $99.60. The 25-delta put carries +0.91 volatility points over the 25-delta call.

2026-10-30(38 days)ATM 38.92%±12.53skew +2.60
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
—————$88.0041.63%$0.95$1.4070
—————$89.0041.29%$1.10$1.6030
—————$90.0040.73%$1.20$1.85282
—————$92.0040.75%$1.65$2.4511
—————$94.0039.76%$2.15$3.0030
—————$95.0039.70%$2.65$3.2010
—————$96.0039.17%$2.80$3.70140
—————$97.0039.84%$3.40$4.1050
05$4.30$5.4038.67%$100.00—$4.80$5.3001
07$3.90$5.0039.07%$101.00—$5.00$6.0001
—————$104.00—$6.30$8.2010
02$2.50$3.4039.11%$105.00—————
11$1.75$2.6537.66%$107.00—————
22$1.65$2.5038.81%$108.00—————
13$1.45$2.1038.15%$109.00—————
432$1.25$1.8537.97%$110.00—————
33$1.05$1.7538.35%$111.00—————
013$0.80$1.2037.35%$113.00—————
0102$0.55$0.8536.52%$115.00—————

Forward $99.80. The 25-delta put carries +2.60 volatility points over the 25-delta call.

2026-11-20(59 days)ATM 39.14%±15.71skew +2.82
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
01$19.70$22.00—$80.0043.73%$0.65$0.9086
—————$85.0041.62%$1.25$1.502,68357
04$11.90$13.50—$90.0041.40%$2.45$2.654996
—————$92.5040.62%$3.10$3.40612
01$8.50$9.90—$95.0040.30%$4.00$4.3014722
—————$97.5039.65%$5.00$5.302553
1452$6.00$6.3039.30%$100.00—$6.20$6.507106
062$3.90$4.2038.65%$105.00—$8.60$9.4033211
349209$2.50$2.7038.58%$110.00—$11.80$13.401320
12469$1.50$1.7038.47%$115.00—$15.70$17.30640
—————$120.00—$19.90$21.701200
—————$125.00—$24.30$26.8020

Forward $99.80. The 25-delta put carries +2.82 volatility points over the 25-delta call.

2026-12-18(87 days)ATM 38.47%±18.78skew +1.59
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
014$39.10$41.70—$60.00—————
06$34.20$36.50—$65.00—————
017$29.50$31.70—$70.00—————
024$24.90$27.10—$75.0044.10%$0.60$0.951,7420
08$22.60$24.80—$77.5043.99%$0.85$1.301862
014$20.80$22.80—$80.0042.30%$1.10$1.5019,0556
—————$82.5041.82%$1.40$2.006261
0115$16.80$18.80—$85.0041.24%$2.05$2.3090786
063$14.90$16.90—$87.5040.71%$2.60$2.902684
0125$13.10$14.90—$90.0039.67%$3.10$3.6022,1332,960
050$11.30$13.20—$92.5039.82%$4.10$4.401,18811
21115$9.90$10.40—$95.0039.50%$5.00$5.4015,618164
4118$8.40$9.00—$97.5038.23%$5.80$6.406021
11147$7.30$7.70—$100.00—$7.30$7.70832181
14,147$5.20$5.6038.61%$105.00—$10.10$10.5014,90911
222,839$3.50$3.9037.88%$110.00—$12.40$14.401,5720
36244$2.45$2.7038.08%$115.00—$16.30$18.104720
7933$1.60$1.8537.98%$120.00—$20.40$22.204060
14,178$0.95$1.5038.78%$125.00—$24.90$26.80790
11,501$0.65$0.9538.71%$130.00—$29.60$32.001810
—————$135.00—$34.50$36.60110

Forward $100.00. The 25-delta put carries +1.59 volatility points over the 25-delta call.

2027-01-15(115 days)ATM 37.88%±21.37skew +3.03
CallsStrikePuts
VolumeOpen intBidAskIV IVBidAskOpen intVolume
04$34.70$36.90—$65.00—————
031$30.00$32.20—$70.00—————
0120$25.50$27.70—$75.00—————
01$23.50$25.80—$77.5042.75%$1.25$1.701161
054$21.60$23.70—$80.0040.65%$1.35$2.001,8290
01$19.20$21.80—$82.5040.94%$2.10$2.353790
079$17.70$19.60—$85.0040.53%$2.65$2.901,3830
048$15.90$17.70—$87.5040.32%$3.30$3.609260
0228$14.10$15.10—$90.0039.68%$4.00$4.302,9930
0155$12.40$14.40—$92.5039.32%$4.90$5.108950
0128$11.10$11.60—$95.0039.16%$5.80$6.203,00213
859$9.80$10.20—$97.5038.94%$6.90$7.306611
01,629$8.60$8.90—$100.0038.43%$8.10$8.402,41813
18461$6.30$6.7037.66%$105.00—$10.90$11.203,18211
91,128$4.70$5.0037.70%$110.00—$13.70$14.703370
151,226$3.30$3.6037.15%$115.00—$16.80$18.708510
42,801$2.40$2.6037.29%$120.00—$20.80$22.704300
351,365$1.70$1.8537.30%$125.00—$25.20$27.001970
21,820$1.15$1.5037.98%$130.00—$29.80$32.006010
—————$135.00—$34.60$36.705170
—————$140.00—$39.30$41.60810

Forward $100.51. The 25-delta put carries +3.03 volatility points over the 25-delta call.

How to read this

Calls on the left, puts on the right, the strike between them — the layout every chain uses. Each block is one expiration, and the heading carries its days to expiry, the at-the-money implied volatility, and the one-standard-deviation move that volatility implies over that time.

Only the 21 strikes nearest the forward are stored, which is the part of the board that carries the volume. The shaded side is in the money: below the forward for calls, above it for puts.

Implied volatility is shown on the out-of-the-money side only. An in-the-money option is nearly all intrinsic value quoted on a wide market, so a volatility solved from it would look authoritative and mean very little. The price is still shown, because the price is real; the blank is deliberate.