KKR & Co Unusual Options Activity

Whales with a lot of money to spend have taken a noticeably bearish stance on KKR & Co.

Looking at options history for KKR & Co KKR we detected 9 trades.

If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 55% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $642,743 and 4, calls, for a total amount of $618,880.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $70.0 to $120.0 for KKR & Co over the last 3 months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for KKR & Co options trades today is 571.71 with a total volume of 2,904.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for KKR & Co's big money trades within a strike price range of $70.0 to $120.0 over the last 30 days.

KKR & Co Option Volume And Open Interest Over Last 30 Days

Noteworthy Options Activity:

About KKR & Co

KKR is one of the world's largest alternative asset managers, with $518.5 billion in total assets under management, including $420.0 billion in fee-earning AUM, at the end of June 2023. The company has two core segments: asset management (which includes private markets—private equity, credit, infrastructure, energy, and real estate—and public markets—primarily credit and hedge/investment fund platforms) and insurance (following the October 2020 purchase of a 61.5% economic stake in Global Atlantic Financial Group, which is engaged in retirement/annuity and life insurance lines as well as reinsurance). On the asset management side, private markets account for 50% of fee-earning AUM and 70% of base management fees, while public markets account for 50% and 30%, respectively.

Following our analysis of the options activities associated with KKR & Co, we pivot to a closer look at the company's own performance.

Present Market Standing of KKR & Co

• Currently trading with a volume of 2,017,692, the KKR's price is down by -1.64%, now at $96.02.
• RSI readings suggest the stock is currently may be overbought.
• Anticipated earnings release is in 83 days.

Expert Opinions on KKR & Co

4 market experts have recently issued ratings for this stock, with a consensus target price of $96.5.

• Maintaining their stance, an analyst from JMP Securities continues to hold a Market Outperform rating for KKR & Co, targeting a price of $108.
• An analyst from Wells Fargo has decided to maintain their Overweight rating on KKR & Co, which currently sits at a price target of $103.
• An analyst from Morgan Stanley persists with their Equal-Weight rating on KKR & Co, maintaining a target price of $82.
• An analyst from Wells Fargo persists with their Overweight rating on KKR & Co, maintaining a target price of $93.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for KKR & Co, Benzinga Pro gives you real-time options trades alerts.