Kroger (KR) Offering Possible 9.89% Return Over the Next 13 Calendar Days

Kroger's most recent trend suggests a bullish bias. One trading opportunity on Kroger is a Bull Put Spread using a strike $41.00 short put and a strike $36.00 long put offers a potential 9.89% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $41.00 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock dropped below the $36.00 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 68.11 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 partners with Lyft for discount COVID vaccine rides
Thu, 05 Aug 2021 14:41:00 +0000
Kroger Co. has partnered with Lyft Inc. to offer discounted rides to and from COVID-19 vaccination appointments. Customers in certain markets can go to the Kroger website where they will receive a code that will provide $12 per ride and make an appointment for a Kroger pharmacy or The Little Clinic location. The offer is available in locations across 30 states and Washington D.C. Kroger stock has gained 32.5% for the year to date, outpacing the S&P 500 index , which is up 17.6% for the period.

Kroger adds Trump Transportation Secretary Elaine Chao to the board
Thu, 05 Aug 2021 14:20:47 +0000
Kroger Co. has announced the addition of Elaine Chao to the company's board. Chao served as secretary of transportation under President Trump. She handed in her letter of resignation the day after the January 6 insurrection. She was also secretary of labor during the George W. Bush administration and is spouse to Senate Minority Leader Mitch McConnell. “Kroger's proactive board refreshment strategy ensures the organization benefits from the unique expertise and perspective of a diverse board of

Kroger Health Teams Up with Lyft to Provide Americans with Access to Rides to COVID-19 Vaccine Appointments
Thu, 05 Aug 2021 10:00:00 +0000
Kroger Health, the healthcare division of The Kroger Co. (NYSE: KR), today announced their partnership with Lyft Healthcare, Inc., the healthcare subsidiary of rideshare company Lyft, Inc., to provide access to discounted rides to and from COVID-19 vaccine appointments. This partnership is part of Lyft's Vaccine Access Program and Kroger Health's continued efforts to vaccinate Americans, especially those with limited access to transportation.

Kroger and Kitchen United Partner to Provide Customers On-Demand Meal Pick Up and Delivery from Popular Restaurants
Wed, 04 Aug 2021 10:00:00 +0000
The Kroger Co. (NYSE: KR), America's largest grocery retailer, and ghost kitchen industry leader Kitchen United announced a partnership to offer customers freshly prepared, on-demand restaurant food.

Kroger (KR) Gains As Market Dips: What You Should Know
Mon, 02 Aug 2021 21:50:09 +0000
Kroger (KR) closed the most recent trading day at $41.01, moving +0.76% from the previous trading session.

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