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Income Madness Trade Alert: KR

Kroger Co. (KR) has pulled back with the broader market over the past week and a half. I am recommending we roll our call out two weeks to generate more income and reduce our cost basis on the position.

Current Stock Price: $47.89

Cost Basis: $54.87

Action:

  • Buy to close the KR Sep Week One (9/2) 48.50 Call for around $0.26
  • Sell to open the KR Sep Monthly (9/16) 48.50 Call for around $1.58
  • Set initial credit limit at $1.32, but adjust as needed to roll today

New Cost Basis: $53.55

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