Sell to Close Kroger Puts for 110% Gain

Sell to close the July 21, 2017 put on Kroger (NYSE: KR) with a strike price of $27.50 at $2.20 or higher for a 110% gain. Symbol (KR170721P27.5)

Kroger reported an inline quarter this morning but lowered numbers for future quarters. Analysts had already lowered estimates coming into the quarter so missing this was a huge disappointment. Grab this triple digit gain!

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Stock Talk

Phil Ash

Phil Ash

Filled at $3.02 for a 174.5% gain in 3 months.

Santo

Santo

Congratulations on hiring Linda ! Best hire for us ID subscribers since Jim Fink perhaps !!

DanielB

DanielB

I took advantage of your advice and bought 100 options of KR170721P29 on 06/12/17 @ .65 and sold them today for 4.40. I know it was a higher strike price, but I wasn’t as confident as you that there we would such a large drop today.

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