Max pain is the price where the total value of all open calls and puts would be lowest at expiration, so option buyers as a group would lose the most. Some traders watch it as a level the stock may drift toward near expiration, because option sellers, often market makers, hedge their positions in ways that can pull the price toward heavily traded strikes. It is a theory, not a guarantee.

As of the Nov 4, 2026 close, max pain for KKR options about one week from expiration was $92.57. The chart above shows the exact max pain for each expiration date.

KKR closed above its near-term max pain on 9 of the last 20 trading days. On Nov 4, 2026 it closed at $101.34, 9.5% above max pain of $92.57.

Over the last 20 trading days, near-term max pain for KKR ranged from $88.00 to $98.43. It went from $98.43 on Oct 8, 2026 to $92.57 on Nov 4, 2026. See the KKR max pain history for a longer view.

KKR is one of the world's largest alternative-asset managers, with $796.5 billion in total managed assets, including $638.4 billion in fee-earning assets under management, at the end of June 2026.