Bearish flow noted in Kroger with 4,906 puts trading, or 1.6x expected. Most active are 2/10 weekly 42.5 puts and Mar-23 50 calls, with total volume in those strikes near 3,100 contracts. The Put/Call Ratio is 1.67, while ATM IV is up nearly 5 points on the day. Earnings are expected on March 2nd.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on KR:
- Evercore Says Stick With Value Stocks; Here Are 2 Names to Buy in This Market Environment
- R5 double downgrades Kroger to Sell on deteriorating supermarket fundamentals
- Kroger downgraded to Sell from Buy at R5 Capital
- Kroger put volume heavy and directionally bearish
- Kroger’s Board of Directors Declares Quarterly Dividend