I am recommending we roll our Kroger Co. (KR) put to avoid assignment and generate more income. We’re going out two weeks as trading is likely to be light next week due to the Thanksgiving holiday.
Current Stock Price: $41.30
Cash in Hand: $0.90
- Buy to close the KR Nov Monthly (11/19) 43 Put for around $1.68
- Sell to open the KR Dec Week One (12/3) 43 Put for around $2.22
- Set initial credit limit at $0.54, but adjust as needed to roll today
New Cash in Hand: $1.44