We closed our Kroger Co. (KR) put to avoid earnings risk. Shares rallied following an excellent report, so it’s time to re-enter the position by selling a put.
Note that the spread between the bid and the ask is wide. Use a limit order and adjust it by a few cents as needed to enter the trade.
Current Stock Price: $56.35
Net Debit: $0.29
Action: Sell to open the KR Mar Week Two (3/11) 52 Put for around $0.34, but adjust as needed to sell a put today
New Cash in Hand: $0.05