Decoding KKR's Options Activity: What's the Big Picture? - KKR (NYSE:KKR)

Financial giants have made a conspicuous bearish move on KKR. Our analysis of options history for KKR 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.

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