Upside Call Buyers Enjoy Gains as Shares in Ciena Corporation (CIEN) Rise

KKR & Co. L.P. (NYSE:KKR) – Put selling on global investment firm, KKR & Co., indicates one options player expects shares in the name to hold up through the company’s first-quarter earnings report at the end of April and during the next five weeks to May expiration. Shares in KKR are up nearly 4.0% today at a new 52-week high of $20.37, on the heels of an 85% increase since May of last year. The single-largest print in KKR options during the first half of the trading day was in the May $19 strike puts. It looks like one trader sold 4,567 of the $19 puts for a premium of $0.45 per contract. The put seller keeps the full amount of premium as long as shares trade above $19.00 and the options expire worthless at expiration next month.

Caitlin Duffy
Equity Options Analyst

The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither Interactive Brokers LLC nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither IB nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance is not necessarily indicative of future results.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.