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Income Madness Trade Alert: KR

Kroger Co. (KR) has moved higher along with other retail stocks in recent weeks, pushing our call into the money.

I am recommending we spend a little cash to roll out two weeks and to a higher strike price to pick up another $1 per share in potential appreciation.

Current Stock Price: $49.94

Cost Basis: $54.53

Action:

  • Buy to close the KR Aug Monthly (8/19) 47.50 Call for around $2.43
  • Sell to open the KR Sep Week One (9/2) 48.50 Call for around $1.99
  • Set initial debit limit at $0.44, but adjust as needed to roll today

New Cost Basis: $54.87

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