ACTION:

Sell to close the KR November 27.50 puts at current levels.

Dear Momentum Options Subscriber,

I have a Trade Alert this afternoon for one of our current positions, as I’m electing to cut losses at this time before moving on to trades with better potential.

 

Kroger (KR, $31.14, up $1.03)

KR November 27.50 puts (KR161118P00027500, $0.15, down $0.12)

Entry Price: $0.50 (10/4/2016)

Exit Target: $1.00

Return: -70%

Stop Target: None

Action: Sell to close the KR November 27.50 puts at current levels to save the remaining premium. With shares clearing and holding $30 this week, price action is working against us.

 

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

Trade on!

Rick Rouse
Editor and Chief Options Strategist
Momentum Options