OptionWatch:

16,500 KKR & Co. Inc. (Symbol: KKR) Calls Trade

Articles From: Interactive Brokers
Website: Interactive Brokers

By:

Sr. Trading Education Specialist

Interactive Brokers

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.

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.

2 thoughts on “16,500 KKR & Co. Inc. (Symbol: KKR) Calls Trade”

    1. Hi Nuka, a delta is a measure of the rate of change in an options theoretical value for a one-unit change in the price of underlying stock. You can use delta to measure the market’s expectation of the options contract expiring in the money. For example, if your options contract has a delta of 29, this would mean that the market is pricing an 29% chance of that contract expiring in the money. The lower the delta, the lower the odds that the options contract will expire in the money. Please see the link below for more information. We hope this helps.
      https://ibkrcampus.com/webinars/the-beginning-greeks-a-deep-dive-into-delta-gamma-and-theta/

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The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IBKR to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

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