This morning 15,500 KKR & Co. Inc. (Symbol: KKR) February 2 ’24 90 calls traded at $0.26. The calls are a 15 delta, so the trade is the equivalent of 232,500 shares of stock. At the time of the trade KKR was trading at $87.00. The open interest was less than 50 contracts in the KKR February 2 ’24 90 calls this morning so this was an opening trade.
It’s unclear why such a large trade was put up in the February 2nd expiration, earnings are not expected to be released until February 6th and if this was an earning play the trade would have taken place in the February 9th expiration. It is possible that the trader is speculating that the earnings may be released early or that KKR will preannounce guidance before Friday’s expiration.
KKR is currently trading at $87.04, which has surpassed its previous 52-week high of $86.78. KKR has a 52-week low of $47.18.
Past performance is not indicative of future results.
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Disclosure: Options Trading
Options involve risk and are not suitable for all investors. Multiple leg strategies, including spreads, will incur multiple commission charges. For more information read the “Characteristics and Risks of Standardized Options” also known as the options disclosure document (ODD) or visit ibkr.com/occ
