Bearish flow noted in KKR with 1,773 puts trading, or 1.3x expected. Most active are 6/14 weekly 100 puts and 5/31 weekly 106 puts, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 4.07, while ATM IV is up nearly 2 points on the day. Earnings are expected on August 9th.
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