ACTION:

Buy to open the KR November 27.50 puts (KR161118P00027500) for a maximum price of $0.60.

Dear Momentum Options Subscriber,

I have a New Trade for the portfolio this afternoon that I want us to get us into, so let’s get to it.

 

Kroger (KR, $28.94, down $0.34)

Buy to open the KR November 27.50 puts (KR161118P00027500) for a maximum price of $0.60.

Action: I like these put options at current levels, and you can use a Limit Order up to $0.60 to get the best fills.

These are the regular monthly options that expire on Nov. 18. I will provide the parameters of the trade in tomorrow’s Pre-Market Update.

kr

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

Trade on!

Rick Rouse
Editor and Chief Options Strategist
Momentum Options