Looking At KKR's Recent Unusual Options Activity

High-rolling investors have positioned themselves bullish on KKR KKR, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in KKR often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 8 options trades for KKR. This is not a typical pattern.

The sentiment among these major traders is split, with 50% bullish and 25% bearish. Among all the options we identified, there was one put, amounting to $36,000, and 7 calls, totaling $3,306,877.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $90.0 and $175.0 for KKR, spanning the last three months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for KKR options trades today is 469.0 with a total volume of 1,308.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for KKR's big money trades within a strike price range of $90.0 to $175.0 over the last 30 days.

KKR 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

About KKR

KKR is one of the world's largest alternative asset managers, with $624.4 billion in total managed assets, including $505.7 billion in fee-earning AUM, at the end of September 2024. 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 firm's initial investment in, and then ultimate purchase of, Global Atlantic Financial Group, which is engaged in retirement/annuity and life insurance lines as well as reinsurance).

In light of the recent options history for KKR, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Current Position of KKR

• Trading volume stands at 2,073,560, with KKR's price up by 2.76%, positioned at $157.47.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 20 days.

What Analysts Are Saying About KKR

3 market experts have recently issued ratings for this stock, with a consensus target price of $163.0.

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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Consistent in their evaluation, an analyst from Wells Fargo keeps a Equal-Weight rating on KKR with a target price of $151. * Consistent in their evaluation, an analyst from Keefe, Bruyette & Woods keeps a Outperform rating on KKR with a target price of $170. * An analyst from Keefe, Bruyette & Woods has decided to maintain their Outperform rating on KKR, which currently sits at a price target of $168.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest KKR options trades with real-time alerts from Benzinga Pro.