Kroger (KR) adds 2 cents to $23.60 and a multi-exchange sweep of 4,050 Mar 23 puts on the grocery chain for 55 cents per contract is an opening buyer, according to data from one of the exchanges. 5,435 now traded against 372 in open interest. Opening put buying in KR might be a play on earnings, due out early-March. In addition, the stock hasn’t performed well lately, down 4.3 percent since 1/25.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.