This clue appeared in the NYT Crossword on Wednesday, July 29, 2026 (1 Down). The answer is hidden below until you want it. Wednesday sits mid-week in difficulty, with more wordplay than Monday or Tuesday.
How to read this clue
The question mark warns of wordplay. Expect a pun or a second meaning rather than a straight definition.
Answer length: 5 squares
First letter
K _ _ _ _
First and last letters
K _ _ _ A
Show the answer
About the answer
KAPPA as a word: The tenth letter of the Greek alphabet; (finance) A measurement of the sensitivity of the value of an option to changes in the implied volatility of the price of the underlying asset.
KAPPA has been an answer 2 times in the NYT Crossword and Mini since January 11, 2026.
Other clues with the same answer
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