Shares of Kohlberg Kravis Roberts (KKR) were trading up .20 today to $14.04. KKR traded as high as $14.12 today and recently hit a three-month high of 15.29 on October 16th.
Mid-morning paper bought KKR Mar 16 calls for .20 lifting the offer at the time.? Two blocks of the Mar 16 calls went up totaling 3,000 contracts.? Total contract volume on the day was 3,232 contracts in the strike.? Volatility is up 6.5% in the KKR Mar 16?s to 30.83%.? Open Interest of 343 contracts indicates this was an opening buy.
30-day implied volatility is 31%.?? 10-day implied volatility is 19%.? 30-day implied volatility is trading well over the 10-day historical volatility.? KKR earnings are after the Jan cycle so the buyers are expecting to catch an earnings move.
KKR & Co. L.P. (KKR) is a global investment company.