ACTION:

Buy to open the KR October 30 puts (KR161021P00030000) for a maximum price of $0.85

Dear Momentum Options Subscriber,

I have a New Trade for the portfolio this afternoon on a name that is setting fresh 52-week lows.

 

Kroger (KR, $31.28, down $1.39)

Buy to open the KR October 30 puts (KR161021P00030000) for a maximum price of $0.85

Action: I like these put options at current levels, and you can use a Limit Order up to $0.85 to get the best fills.

These are regular monthly options that expire on Oct. 21. I will provide the parameters of the trade in today’s Mid-Market Update.

 

I hereby disclose that I will be participating in the aforementioned trade(s).

Trade on!

Rick Rouse
Editor and Chief Options Strategist
Momentum Options