Industrials

Kratos Defense & Security Solutions, Inc. (KTOS) options and signal

Figures as of 28 Sep 2026

KTOS is Kratos Defense & Security Solutions, Inc., an Industrials name the model ranks every trading day. The options figures are from the close on 28 Sep 2026. The model's figures are from 25 Sep 2026, one trading day behind the latest, as the Free plan shows them. Every model figure is paper trading.

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At a glance

Figure	Value	Date
Trade Card	Long straddle, 30 Oct	25 Sep
IV rank	43 of 100	28 Sep
At the money IV	59.6%	28 Sep
Priced move to 30 Oct	15.4% down, 15.3% up	28 Sep
Call wall and put wall	52.5 and 45	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	44.07	28 Sep
Next report	3 Nov 2026	28 Sep

Trade Cards

On 25 Sep 2026 the Trade Card for KTOS was a long straddle expiring 30 Oct 2026, paper trading.

Figure	Value
Signal	Neutral
Strategy	Long straddle, debit
Legs	Buy the 44 call, Buy the 44 put
Expiry	30 Oct 2026, 35 days to expiry
Limit	A debit of at most $6.78
Probability of profit	40%, the option market's odds at expiry, from delta
Max loss	$678 per contract
Breakeven	37.22 and 50.78
IV rank at that expiry	38 of 100

Probability of profit is the option market's own odds from delta, not the model's.

Priced on the option chain at the close on 25 Sep 2026.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Options Snapshot

KTOS's IV rank is 43 of 100 on 28 Sep 2026.

Figure	Value
IV rank	43 of 100
At the money IV	59.6%, near month, 32 days
Put/call ratio, open interest	0.59
Call open interest, strikes captured near the price	53,200 contracts
Put open interest, strikes captured near the price	31,200 contracts
Cost to trade at the money	Wide, 62.3% of the option's mid price

IV rank is where the at the money IV sits among KTOS's own weekly readings, 0 the lowest and 100 the highest.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Priced Range

On 28 Sep 2026, KTOS options priced a move of 15.4 percent down and 15.3 percent up by 30 Oct 2026.

Expiry	Days	Down	Up	Range
2 Oct 2026	4	5.5%	5.7%	41.66 to 46.59
9 Oct 2026	11	10.2%	9.6%	39.58 to 48.31
16 Oct 2026	18	12.8%	13.4%	38.42 to 49.96
30 Oct 2026	32	15.4%	15.3%	37.28 to 50.80
6 Nov 2026	39	20.9%	21.6%	34.88 to 53.57
20 Nov 2026	53	23.1%	25.2%	33.87 to 55.17
19 Feb 2027	144	37.0%	40.8%	27.77 to 62.07

The range is one standard deviation either side of the close of 44.07, as the option prices imply it.

A priced move restates option prices at the close and says nothing certain about where the price goes.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Gamma Map

On 28 Sep 2026, KTOS's call wall is the 52.5 strike and its put wall is the 45 strike.

Figure	Value
Call wall, most open call gamma	52.5
Put wall, most open put gamma	45
Net dollar gamma, calls minus puts	$192,789
Total dollar gamma, both sides	$5 million
Close	44.07

Dollar gamma is stated for a one percent move in the price.

Net is calls minus puts under the standard convention, not a record of who holds the contracts.

Net gamma changes sign at 2 strikes, so no single flip strike is named.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility History

On 28 Sep 2026, KTOS's at the money IV is 59.6 percent against 20 day realized volatility of 30.7 percent.

Figure	Value
At the money IV	59.6%
Realized volatility, 20 trading days	30.7%
Realized volatility, 60 trading days	56.4%
IV against its own weekly record	In the middle
Weekly readings on record	801, from 30 Jul 2010
Weeks the price moved more than the one week priced move	20.8% of 231 weeks

Realized volatility is worked out from the daily closes the desk holds, not from the option chain.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Weather

On 28 Sep 2026, KTOS's at the money IV runs from 60.1 percent at 4 days to 59.7 percent at 144 days.

Days to expiry	At the money IV
4	60.1%
11	55.2%
18	54.4%
25	56.3%
32	59.6%
39	67.7%
53	62.1%
144	59.7%

Near and far expiries price about the same volatility, a flat term structure.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Smile

On 28 Sep 2026, at the 32 day expiry, KTOS's IV ten percent below the price sits 2.4 points below at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	57.2%	-2.4 points
At the money	59.6%	0.0 points
10% above the price	56.0%	-3.6 points

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Surface

On 28 Sep 2026, KTOS's surface spans 9 expiries out to 144 days, with IV from 50.8 to 70.7 percent near the price.

Figure	Value
Expiries captured	9
Nearest expiry	2 Oct 2026, 4 days
Farthest expiry	19 Feb 2027, 144 days
Points within 10% of the price, 7 days out or more	66
Lowest IV among them	50.8%
Highest IV among them	70.7%

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Expiry Ladder

On 28 Sep 2026, KTOS has 9 captured expiries, from 2 Oct 2026 to 19 Feb 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
2 Oct 2026	4	60.1%	1,906	4,167
9 Oct 2026	11	55.2%	769	896
16 Oct 2026	18	54.4%	20,204	4,392
23 Oct 2026	25	56.3%	1,406	622
30 Oct 2026	32	59.6%	342	592
6 Nov 2026	39	67.7%	23	12
20 Nov 2026	53	62.1%	10,852	7,009
15 Jan 2027	109	59.7%	15,564	10,757
19 Feb 2027	144	59.7%	2,163	2,705

Open interest is summed over the strikes captured near the price on each expiry.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Strike Table

On 28 Sep 2026, KTOS's largest open interest sits at the 52.5 strike, with 11,813 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
52.5	10,817	996	11,813
50	5,778	4,336	10,114
55	6,676	2,349	9,025
60	6,261	1,297	7,558
40	1,910	3,712	5,622
45	1,129	3,081	4,210

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, KTOS's at the money IV moved from 57.9 percent to 59.6 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	57.9%	59.6%	+1.7 points
Open interest, strikes captured near the price	89,253	84,381	-4,872
Put/call ratio, open interest	0.51	0.59	+0.08

Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Changed Hands

On 28 Sep 2026, 9,586 KTOS option contracts traded, 0.9 times its own recent average.

Figure	Value
Calls traded	5,897
Puts traded	3,689
Against its recent average	0.9 times
Busier than	13 of its last 20 trading days
Open interest, whole chain	106,758 contracts
Volume to open interest	0.09
Unusual volume flag	Yes, 1 contract traded well above open interest
Largest flagged contract	The 48 call expiring 2 Oct, 535 traded against 199 open

Traded volume and open interest are shown side by side and never combined. Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Positioning Replay

The replay holds 33 trading days of KTOS's option positioning, from 11 Aug 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
11 Aug 2026	63.73	$4.04 million	60	60
21 Sep 2026	48.59	$956,514	55	50
28 Sep 2026	44.07	$192,789	52.5	45

Each frame restates one nightly capture. Net is calls minus puts, a convention, not who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Read-out

On 25 Sep 2026 the desk's view of KTOS was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	45.47, the swing high of 11 Sep 2026
Level below the close	43.09, the swing low of 30 Jul 2026
Strategy family	Long straddle (buy a call and a put at the same strike)
Price target	None. The desk has no price model.

The levels are prices the shares turned at on the chart, with the date of each.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Rank by Timeframe

On 25 Sep 2026 KTOS sat at the 35th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	42 of 100	Neutral
20 trading days	35 of 100	Neutral
45 trading days	35 of 100	Neutral

100 is the top of the ranking. A name in the middle three fifths is neutral.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Timeframe Agreement

On 25 Sep 2026 KTOS's near timeframes were neutral and its long timeframe was neutral, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Neutral	0 of 2
Long	45 day	Neutral	0 of 1

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Signal History

On 25 Sep 2026 KTOS had carried no signal for at least 18 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	35 of 100
24 Sep 2026	None	22 of 100
23 Sep 2026	None	16 of 100
22 Sep 2026	None	16 of 100
21 Sep 2026	None	31 of 100
18 Sep 2026	None	58 of 100
17 Sep 2026	None	42 of 100
16 Sep 2026	None	14 of 100

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Sector Split

On 25 Sep 2026, 51 of 147 Industrials names were bullish and 37 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Industrials	147	51	37	59

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Price Chart

KTOS closed at 44.07 on 28 Sep 2026.

Figure	Value
Last close	44.07
Change over 5 trading days	-9.3%
Change over 21 trading days	-17.9%
Change over 63 trading days	-6.1%
Change over 252 trading days	-47.7%
52 week high	134.00
52 week low	43.09
20 day moving average	47.45
50 day moving average	51.56
200 day moving average	69.62
RSI, 14 days	32

Worked out from the desk's own daily bars, adjusted for share splits.

From the daily bars through 28 Sep 2026. Current on every plan.

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Earnings Radar

KTOS reports next on 3 Nov 2026, a date worked out from past quarters.

Figure	Value
Next report	3 Nov 2026, after the close
Date	Worked out from past quarters
Move after the report of 4 Aug 2026	+6.7%
Move after the report of 30 Apr 2026	-1.6%
Move after the report of 28 Jan 2026	-4.0%
Move after the report of 7 May 2025	-5.1%

Earnings calendar as of 28 Sep 2026. Current on every plan.

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Seasonality

In the 23 Septembers on record, KTOS's average change was minus 0.1 percent, and it rose in 39.1 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-0.1%	-1.9%	39.1%	23
October	+3.1%	+1.5%	52.2%	23
November	-6.5%	-7.8%	26.1%	23

Each figure is a month end to month end change in past years. A past month says nothing certain about the next one.

Monthly history through 28 Sep 2026. Current on every plan.

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Headlines

The desk's news feeds carried 2 headlines naming KTOS in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	2
Latest	28 Sep 2026

The titles are in the Headlines window, with the time each was published.

Headlines as of 28 Sep 2026. Current on every plan.

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Questions

What is KTOS's IV rank?: KTOS's IV rank is 43 of 100 on 28 Sep 2026.
What move are KTOS options pricing?: On 28 Sep 2026, KTOS options priced a move of 15.4 percent down and 15.3 percent up by 30 Oct 2026.
Where are KTOS's call wall and put wall?: On 28 Sep 2026, KTOS's call wall is the 52.5 strike and its put wall is the 45 strike.
What was the latest Trade Card for KTOS on the Free plan?: On 25 Sep 2026 the Trade Card for KTOS was a long straddle expiring 30 Oct 2026, paper trading.
When does KTOS report earnings next?: KTOS reports next on 3 Nov 2026, a date worked out from past quarters.

More Industrials names

Guides and the full list

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