27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Financial giants have made a conspicuous bearish move on KKR. Our analysis of options history for KKR (NYSE:KKR) revealed 8 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $66,750, and 6 were calls, valued at $306,377.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $80.0 to $100.0 for KKR during the past quarter.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for KKR's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of KKR's whale trades within a strike price range from $80.0 to $100.0 in the last 30 days.
KKR Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| KKR | CALL | SWEEP | BEARISH | 04/19/24 | $2.7 | $2.45 | $2.5 | $94.00 | $102.7K | 30 | 500 |
| KKR | CALL | SWEEP | BULLISH | 01/17/25 | $23.7 | $21.7 | $22.04 | $80.00 | $58.7K | 874 | 35 |
| KKR | CALL | SWEEP | BEARISH | 05/17/24 | $4.7 | $4.4 | $4.5 | $95.00 | $53.5K | 152 | 120 |
| KKR | PUT | SWEEP | BEARISH | 04/26/24 | $2.25 | $2.15 | $2.25 | $95.00 | $33.9K | 24 | 154 |
| KKR | CALL | SWEEP | BULLISH | 06/21/24 | $8.4 | $8.1 | $8.3 | $90.00 | $33.2K | 841 | 41 |
About KKR
KKR & Co Inc is one of the world's largest alternative asset managers, with $552.8 billion in total managed assets, including $446.4 billion in fee-earning AUM, at the end of 2023. 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). On the asset management side, private markets account for 50% of fee-earning AUM and 70% of base management fees, while public markets account for 50% and 30%, respectively.
Following our analysis of the options activities associated with KKR, we pivot to a closer look at the company's own performance.
Where Is KKR Standing Right Now?
- With a volume of 1,051,631, the price of KKR is down -0.06% at $96.23.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 19 days.
What Analysts Are Saying About KKR
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $125.4.
- Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for KKR, targeting a price of $113.
- An analyst from TD Cowen persists with their Buy rating on KKR, maintaining a target price of $154.
- An analyst from TD Cowen has decided to maintain their Buy rating on KKR, which currently sits at a price target of $144.
- An analyst from Keefe, Bruyette & Woods persists with their Outperform rating on KKR, maintaining a target price of $104.
- Consistent in their evaluation, an analyst from JMP Securities keeps a Market Outperform rating on KKR with a target price of $112.
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.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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