We’ve been seeing a lot of pops and drops the last two weeks.
Shares of The Kroger Co. (NYSE: KR) popped 10%, then quickly erased those gains.
This pull back sent shares right into the 200 simple moving average, which is a key level funds watch.
Here's what we're doing...
Buy-To-Open Kroger Co. (NYSE: KR) March 19, 2021, $38 call (KR210319C00038000) up to $0.54 per contract or better, for the day.
This new bullish call buying triggered after a $1.3 million in new money betting shares will move higher, which is a 6,600% surge in new opening call options.
We’re going to set our profit target at $1.08 and our stop out price at $0.10 per contract.
Now, let’s manage our risk before entry and let the market come to us.
I’ll be keeping you updated every step of the way.
To your wealth, freedom, and options!
Joshua M. Belanger