Kratos Defense & Security Solutions, Inc. (KTOS) Gamma Exposure (GEX) & Greeks
Gamma exposure (GEX) analysis shows how options positioning creates dealer hedging pressure across strikes. Includes delta, vanna, charm, vomma, and vega exposure by strike price.
Kratos Defense & Security Solutions, Inc. (KTOS) operates in the Industrials sector, specifically the Aerospace & Defense industry, with a market capitalization near $9.84B, listed on NASDAQ, employing roughly 4,000 people, carrying a beta of 1.06 to the broader market. Kratos Defense & Security Solutions, Inc. Led by Eric DeMarco, public since 1999-11-05.
Snapshot as of May 13, 2026.
- Spot Price
- $53.16
- Net Gamma
- -$966.0K
- Net Delta
- $36.0M
- Net Vega
- -$781.4K
- Gamma Concentration
- 0.12
As of May 13, 2026, Kratos Defense & Security Solutions, Inc. (KTOS) has negative net gamma exposure of $966.0K under the standard dealer-hedging convention. Net delta exposure is $36.0M. Negative GEX means dealers are net short gamma: they must sell into weakness and buy into strength, amplifying realized volatility and accelerating directional moves.
KTOS Strategy Sizing in the Current GEX Regime
Kratos Defense & Security Solutions, Inc. is in a negative dealer-gamma regime ($966.0K). Net dealer delta of $36.0M sets the size of the directional hedging flow that fires as spot moves. In this regime, momentum and breakout strategies fit the regime: long calls or puts, ratio backspreads, calendar spreads positioned for vol expansion. Realized volatility tends to overshoot implied during negative-gamma stretches, hurting indiscriminate short-vol exposure. The gamma-flip level - the spot price at which net dealer gamma changes sign - is the most actionable anchor for sizing: through-flip moves trigger qualitatively different hedging behavior than within-regime moves, so risk-defined structures sized to the current spot may not stay sized correctly if a flip is near.
Learn how gamma exposure is reported and how to read the data →
KTOS largest gamma exposure contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| CALL | $40.00 | Jan 15, 2027 | 1.3K | 396 | 73.3% | $18.10 | $18.80 |
| CALL | $40.00 | Jan 15, 2027 | 1.3K | 396 | 73.3% | $18.10 | $18.80 |
Top 2 contracts from the ORATS-sourced nightly scan; ranked by gex within the broader S&P 500/400/600 + ETF universe.
Frequently asked KTOS gamma exposure (gex) & greeks questions
- What is the current KTOS gamma exposure (GEX)?
- As of May 13, 2026, Kratos Defense & Security Solutions, Inc. (KTOS) net gamma exposure is negative at $966.0K under the standard dealer-hedging convention. Net dealer delta exposure is $36.0M. GEX aggregates the gamma sitting on dealer books across all listed strikes and expirations.
- Is KTOS in positive or negative dealer gamma right now?
- KTOS is currently in negative dealer gamma. Dealers net short gamma must sell into weakness and buy into strength to maintain delta-neutrality, which amplifies realized volatility and tends to accelerate directional moves.
- What does KTOS GEX tell options traders?
- GEX is a regime indicator: positive-gamma regimes favor mean-reverting strategies (premium-selling near established ranges); negative-gamma regimes favor momentum and breakout strategies. The same options-strategy structure can be appropriate or inappropriate depending on the dealer-gamma regime, so reading the sign and magnitude of net GEX before sizing positions is standard practice.