Sell to Close Kroger Puts for 110% Gain

By Linda McDonough • June 15, 2017

Sell to close the July 21, 2017 put on Kroger (NYSE: KR) with a strike price of $27.50 at $2.20 or higher for a 110% gain. Symbol (KR170721P27.5)

Kroger reported an inline quarter this morning but lowered numbers for future quarters. Analysts had already lowered estimates coming into the quarter so missing this was a huge disappointment. Grab this triple digit gain!

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Phil Ash

06/15/17 ‐ 11:26am ET June 15, 2017 at 11:26am ET

Filled at $3.02 for a 174.5% gain in 3 months.

Santo

06/15/17 ‐ 1:00pm ET June 15, 2017 at 1:00pm ET

Congratulations on hiring Linda ! Best hire for us ID subscribers since Jim Fink perhaps !!

DanielB

06/15/17 ‐ 12:19pm ET June 15, 2017 at 12:19pm ET

I took advantage of your advice and bought 100 options of KR170721P29 on 06/12/17 @ .65 and sold them today for 4.40. I know it was a higher strike price, but I wasn’t as confident as you that there we would such a large drop today.

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About The Author

Linda McDonough

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Linda McDonough is a veteran hedge fund analyst who loves to break down company financial statements and identify market inefficiencies to uncover big opportunities. She believes in a boots-on-the-ground approach that includes surveying customers, interviewing company executives, or doing whatever it takes to see what others don't.

She's now brought her experience as a hedge fund analyst to subscribers of her Profit Catalyst Alert service. Her system identifies small- and mid-cap stocks that are about to move due to catalytic events that few others can identify...until it's too late. These events often times result in massive gains for her followers.