Bearish flow noted in KKR with 4,357 puts trading, or 1.6x expected. Most active are Mar-25 90 puts and Dec-24 47.5 puts, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 4.99, while ATM IV is up nearly 2 points on the day. Earnings are expected on November 5th.
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