Buy to open the KKD November 16 puts (KKD151120P00016000, $0.60, up $0.15) at current levels.

Dear Momentum Options Subscriber,

I have a New Trade this afternoon on a name that I have been bearish on all year. Shares are breaking down again, and it’s time for us to get back in the trade by using put options.


Krispy Kreme Doughnuts (KKD, $17.80, down $0.54)

Buy to open the KKD November 16 puts (KKD151120P00016000, $0.60, up $0.15) at current levels.

I like these put options at current levels to play a drop below $15 over the next few months.

These are the regular monthly options that expire on Nov. 20, and I will provide the parameters of the trade in tomorrow’s Pre-Market Update.


All prices given in this update are current as of 3:05 p.m. EST.

I hereby disclose that I will be participating in the aforementioned trade(s). Every new Momentum Options recommendation is listed with the price at which I entered my own position. If the price is slightly different than my recommended entry or exit price when you receive the alert, don’t let that keep you from getting into or out of a trade. Occasionally, you might even get a better “fill” price than what is posted in the Open Trades and Closed Trades.

Trade on!

Rick Rouse
Editor and Chief Options Strategist
Momentum Options