Market Overview

Dan Nathan's Bullish Kroger Trade

Share:
Related KR
Wall Street's M&A Chatter From August 11-13: Altice, Costco-Kroger, United Technologies-Rockwell Collins
Benzinga's Top Upgrades, Downgrades For August 11, 2017
Hahn Capital Management Llc Buys East West Bancorp Inc, Sells The Kroger Co, CIT Group Inc (GuruFocus)

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: Dan Nathan Options ActionCNBC Options Markets Media

 

Related Articles (AMZN + KR)

View Comments and Join the Discussion!