Calls Purchased on KKR Financial (KFN)

Shares of KKR Financial Holdings LLC KFN are lower on the session by 4.40%, currently trading at $7.17. The stock has been trading largely lower over the past three months and is now nearing a critical support level, at $7.50. Options traders are betting the level holds and are buying calls. The October $10.00 call was purchased 2,200 times, near or on the offer, on open interest of 19,280 contracts. Call volume is now running at 4x the daily average. KKR Financial Holdings LLC, a real estate investment trust and specialty finance company, invests in various asset classes in the United States. The company invests in residential mortgage loans and mortgage-backed securities; corporate loans and debt securities; commercial real estate loans and debt securities; asset-backed securities; and equity securities.