Kroger (KR) Offering Possible 21.07% Return Over the Next 6 Calendar Days

Kroger’s most recent trend suggests a bullish bias. One trading opportunity on Kroger is a Bull Put Spread using a strike $38.00 short put and a strike $33.00 long put offers a potential 21.07% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $38.00 by expiration. The full premium credit of $0.87 would be kept by the premium seller. The risk of $4.13 would be incurred if the stock dropped below the $33.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Kroger is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Kroger is bullish.

The RSI indicator is at 77.43 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for Kroger

Kroger To Webcast Annual Meeting of Shareholders on June 24
Thu, 10 Jun 2021 20:18:00 +0000
The Kroger Co. (NYSE: KR) announced today that it will conduct its annual meeting of shareholders virtually at 11 a.m. ET on Thursday, June 24, 2021.

Earnings Preview: Kroger (KR) Q1 Earnings Expected to Decline
Thu, 10 Jun 2021 19:00:07 +0000
Kroger (KR) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Kroger (KR) Opens Ocado-Powered Fulfillment Center in Florida
Thu, 10 Jun 2021 18:06:06 +0000
Kroger (KR) extends delivery services through its latest Customer Fulfillment Centers to offer shoppers a seamless experience.

Kroger Delivery Arrives in Florida
Wed, 09 Jun 2021 16:00:00 +0000
The Kroger Co. (NYSE: KR), America’s largest grocery retailer, today announced the opening of the Customer Fulfillment Center (CFC) in Groveland, FL powered by Ocado Group (LSE: OCDO), a world leader in technology for grocery e-commerce. This marks Kroger’s entry into the Florida market with an e-commerce delivery service that combines vertical integration, machine learning, and robotics with affordable, friendly, and fast delivery of grocery items and fresh food.

Home Chef Announces Leadership Team Promotions and Expansion
Tue, 08 Jun 2021 21:00:00 +0000
Home Chef, the fast-growing meal kit subscription and retail business, today announced leadership promotions and new roles intended to strengthen plans for growth and accelerate innovation. Erik Jensen, the company’s Chief Product Officer, will be promoted to President where he will be reporting directly to Pat Vihtelic, the company’s Founder and Chief Executive Officer. Pat will continue as CEO, supporting Erik in his new role while focusing on long-term strategy to align with Kroger’s ambitiou

Be Sociable, Share!

Related Posts