On February 3rd, we entered into the Kroger Co. (NYSE: KR) March 19, 2021, $38 calls.
This hasn’t gone in our direction and has hit our stop loss.
It's time to cut bait and move onto the next trade.
Sell-to-close the The Kroger Co. (NYSE: KR) March 19, 2021, $38 call (KR210319C00038000) at the market.
Right now, these calls are trading at $0.33 per contract, which means closing at that price will close out our trade for a 40% loss.
Losing can be frustrating, but it’s part of the system.
It’s important to keep our head up and not get discouraged.
We’ll continue to follow the system and get them on the next one.
To your wealth, freedom & options!
Joshua M. Belanger