Put Options on KR on 3/11/2019

The Kroger Co. (KR) operates as a retailer in the United States.

It also manufactures and processes food products for sale in its supermarkets.

The company operates supermarkets, multi-department stores, jewelry stores, and convenience stores.

Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items.

The company's marketplace stores comprise full-service grocery, pharmacy, health and beauty care departments, and perishable goods, as well as general merchandise, including apparel, home goods, and toys; and convenience stores comprise a limited assortment of staple food items and general merchandise, as well as sells fuel.

It operates under the banner brands, such as Kroger, Ralphs, Fred Meyer, King Soopers, etc., as well as Simple Truth and Simple Truth Organic brands. 

Shares have formed a bearish "flag" after the company reported a weak earnings report and guidance. Lower share prices are expected for this stock.

We will be trading April 5th Put Options

Last Trade: $24.47

Trading Range: $22.88 - $32.74

Trade Buy 1 April $25.00 Put at $1.00 For a net debit of $1.00 Profit/Loss Analysis Breakeven at $24.00 Maximum profit is unbounded Maximum loss is ($100.00) at strike of $25.00 Closing Summary Sold 1 April $25.00 Put at $1.10

Position closed on 4/10/2019 at price of $1.10 with a 10.00% gain in 30 days.

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