Calls Purchased on KKR Financial Holdings

Shares of KKR Financial Holdings KFN are lower on the session by 8.51%, currently trading at $8.00. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are buying calls on the name today. A short while ago the October 2011 $11.00 call traded 2,650 times on open interest of 3,770 contracts. Overall call volume is now running at 7.76x the daily average with 88% of all calls traded being purchases on the offer. KKR Financial Holdings LLC is a specialty finance company. The company primarily invests in financial assets, such as investment grade corporate debt, marketable equity securities and private equity.