The market has been moving in the wrong direction and pulling down stocks regardless of fundamentals or economic data.
I am recommending we roll our Kroger Co. (KR) put again to buy time for the stock to recover.
Current Stock Price: $39.39
Cash in Hand: $0.73
- Buy to close the KR Oct Week One (10/1) 42 Put for around $2.71
- Sell to open the KR Oct Week Two (10/8) 42 Put for around $2.74
- Set initial credit limit at $0.03, but adjust as needed to roll today
New Cash in Hand: $0.76