Kroger Co. (KR) is expected to report earnings tomorrow, and I do not want to hold a position through the announcement. Therefore, I am recommending we buy back our put, incurring a net debit.
I will recommend a put to sell once the earnings dust settles to reduce that net debit.
Current Stock Price: $49.05
Cash in Hand: $1.19
Action: Buy to close the KR Mar Week One (3/4) 48 Put for around $1.48, but adjust as needed to close today
New Net Debit: $0.29