Calls Sold on Kroger (KR)

Shares of Kroger Co. KR are higher on the session by 1.77%, currently trading at $20.07. The stock has been attempting to hold the $20 level after a hard drop in May. Kroger is trading well below both the 50-day and 200-day moving averages. Options traders are selling upside on the name today. The June $20 call was sold 2,000 times on open interest of 9,812 contracts, the June $21 call was sold 1,700 times on open interest of 1,700 contracts, the July $20 call was sold 1,000 times on open interest of 1,414 contracts, and the January 2011 $20 call was sold 3,300 times on open interest of 20,870 contracts. This action suggests that traders believe the stock will not move significantly higher for quite some time. The Kroger Co. is a retailer in the United States. The Company also manufactures and processes some of the food for sale in its supermarkets. As of January 30, 2010, the Company operated, either directly or through its subsidiaries, 2,468 supermarkets and multi-department stores, 893 of which had fuel centers.