KREF · KKR Real Estate Finance Trust Inc.

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$7.22 +0.07 (+0.98%) At close · Aug 5

Market Cap

$422.93M

58.58M

Options Chain

15-min delayed Underlying $7.22 · at close Aug 5, 2026 Options Calculator

Positioning

Aug 21, 2026 · 15 days to expiry · 10 contracts

Put / call OI

0.15

Call-heavy positioning

Open interest

105

contracts outstanding

Volume

traded today

Max pain

$7.50

$0.28 above spot

ATM implied vol

41.7%

market's expected move

Open interest by strike

Calls Puts

2.5

7.5

12.5

Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Aug 21 15d Sep 18 43d Oct 16 71d Jan 15 162d

Calls						Puts
OI	Vol	IV	Δ	Last	Strike	Last	Δ	IV	Vol	OI
0	—	—	—	—		—	—	—	—	0
Call · $2.5 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $2.5 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	—	—	—		$0.05	—	—	1	1
Call · $5 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $5 Last $0.05 Breakeven $4.95 Implied vol — Delta — Gamma — Theta — Vega — Open interest 1 Model this put
Underlying $7.22
90	1	25.2%	0.384	$0.14		$0.50	-0.53	58.2%	20	11
Call · $7.5 Last $0.14 Breakeven $7.64 Implied vol 25.2% Delta 0.384 ≈38% ITM Gamma 1.021 Theta -0.004 Vega 0.006 Open interest 90 Model this call Put · $7.5 In the money Last $0.50 Breakeven $7.00 Implied vol 58.2% Delta -0.53 ≈53% ITM Gamma 0.451 Theta -0.012 Vega 0.006 Open interest 11 Model this put
1	7	124.5%	0.142	$0.03		$2.50	-0.822	138.6%	4	1
Call · $10 Last $0.03 Breakeven $10.03 Implied vol 124.5% Delta 0.142 ≈14% ITM Gamma 0.12 Theta -0.014 Vega 0.003 Open interest 1 Model this call Put · $10 In the money Last $2.50 Breakeven $7.50 Implied vol 138.6% Delta -0.822 ≈82% ITM Gamma 0.123 Theta -0.019 Vega 0.005 Open interest 1 Model this put
0	—	—	—	—		$5.10	-0.859	197.8%	6	1
Call · $12.5 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $12.5 In the money Last $5.10 Breakeven $7.40 Implied vol 197.8% Delta -0.859 ≈86% ITM Gamma 0.072 Theta -0.022 Vega 0.003 Open interest 1 Model this put

About this data

Greeks, implied volatility, open interest and the last price come from the latest daily snapshot and are 15-minute delayed. Bid and ask are not included on this plan.

In-the-money strikes are tinted, deepening toward the money, and the bar beside each open-interest figure scales to the heaviest strike shown. Max pain is the listed strike where the most open interest would expire worthless — a positioning reference, not a forecast.

Key facts CIK 1631596 CUSIP 48251K100 13F (30d) 34 filings 34 filers Visit website