By Dan Darrow

October 11, 2022

Intraday Update: KR

KR popped yesterday morning and the Nov18 $43 - $39 put spread was opened below the action area, but the strong action also put the stock above the 8day ema by the close. Now, KR has rallied up past 45 and into the 20day sma this morning, and the bear pattern has changed. With the thesis no longer valid, the put spread needs to be closed before the stock can stage a larger rebound into the high-40s.

Open Positions

* The following Open Positions pertain to the Options In Play trade ideas from this and previous editions. Disclosure of the Trader Co-Author’s actual portfolio holdings, as of the date of each publication, is made below under "Trader Author Portfolio Holdings.".

Trader Author Portfolio Holdings

**As of the date and time of publication