Mike Khouw Sees Unusual Options Activity In KKR & Co. L.P.

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CNBC Options Action's
Mike Khouw spoke on the show about an unusually high options activity in
KKR & Co. L.P.KKR
. The call options trading volume was 4 times higher than the daily average and the most active were the January 2016 27 call options. A trader bought 2,000 contracts of the January 2016 27 calls for $0.35, betting that the stock is going to trade 20 percent higher by the January 2016 expiration. Khouw added that the stock looks cheap, trading at 9 times forward earnings.
Posted In: CNBCMediaMike KhouwOptions Action
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