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