KKR put volume heavy and directionally bearish

Bearish flow noted in KKR with 2,991 puts trading, or 1.6x expected. Most active are May-24 98 puts and Sep-24 45 puts, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 2.38, while ATM IV is up over 2 points on the day. Earnings are expected on August 9th.