Kroger Stock Receives Bull Note Ahead Of Earnings

Options traders are piling up on bearish bets

Managing Editor
Mar 5, 2018 at 10:03 AM
facebook X logo linkedin


Kroger Co (NYSE:KR) stock is up 1.1% to trade at $27.66, after receiving a price-target hike from Deutsche Bank to $28 from $26. The upbeat analyst attention comes ahead of the company's fourth-quarter earnings report, due before the open on Thursday. 

After surging from an Oct. 2 three-year low of $19.70 to a Jan. 30 annual high of $31.45, Kroger stock pulled back along with the broader stock market. The shares have shed more than 5% in the past month, and are now trading below their formerly supportive 60-day moving average. Nevertheless, the equity has found a foothold near $27, which is a 38.2% Fibonacci retracement of its recent rally.

Options traders lately have taken a resoundingly bearish stance of late. This is based on the KR's 10-day put/call volume ratio of 2.94 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which ranks 5 percentage points from a 52-week high. 

Furthermore, the equity's Schaeffer's put/call open interest ratio (SOIR) sits at 2.90. Not only does this indicate put open interest nearly triples call open interest among contracts expiring within three months, but the ratio ranks in the 98th percentile of its annual range, pointing to a much bigger-than-usual put bias among near-term traders.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI