KKR Financial Holdings LLC (KFN) closed at 11.50, up 0.16.? KFN is trading near 52-week highs.
Yesterday paper traded a block of 2,700 KFN Feb 11 calls for .50 with total volume over 16,000 contracts.? Open interest is 2,600 contracts on the strike. The name trades 1,405 contracts per day on average.
The implied volatility was up 30 points in Feb. The trade looked like a large seller trying to sell option .02 over parity near the end of the day.
30-day implied volatility is 25%.? ?10-day implied volatility is 24%.? 30-day implied volatility is trading over the 10-day historical volatility.?
KKR Financial Holdings LLC is a specialty finance company. As of December 31, 2011, the Company operates in credit and other segments.