Puts Purchased on KKR Financial Holdings

Shares of KKR Financial Holdings KFN are lower on the session by 2.08%, currently trading at $8.00. The stock has been moving largely lower over the past five weeks and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short while ago the September 2011 $8.00 put traded 1,100 times on open interest of 3,000 contracts. The Oct $7.00 put also trade 1,000 times on open interest of 382 contracts. Overall put volume is now running at 2.08x the daily average with 92% of all puts 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.