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Dan Nathan's Bullish Kroger Trade

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Dan Nathan spoke on CNBC's "Options Action" about the sell-off in the supermarket sector after the Amazon-Whole Foods deal.

He thinks that Kroger Co (NYSE: KR) is oversold and he wants to make a bullish bet using options. Nathan wants to buy the October 22/29 call spread for $1.50. The trade breaks even at $23.50 or 5.43 percent above the current stock price and it can maximally make a profit of $5.50.

Posted-In: CNBC Dan Nathan Options ActionOptions Markets Media

 

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