Put Buying Continues in Kroger (KR), Highlighting Bearish Sentiment in Shares Through End of 2018 -Susquehanna
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Price: $60.04 -1.17%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.6%
Revenue Growth %: +2.4%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.6%
Revenue Growth %: +2.4%
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Susquehanna options strategist Alison Edwards notes bearish options sentiment in Kroger (NYSE: KR), as an investor bought 5k Dec 28 Puts, paying between $1.84 and $2.00. Continuing the recent trend of downside protection buying, the investor is expressing a bearish sentiment, suggesting the stock could continue to trade lower into the end of the year. The Dec options capture earnings on 12/6.
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