Protection Purchased on Kroger Co. (KR)

Shares of The Kroger Co. KR are lower on the session by 2.01%, currently trading at $20.49. The stock has been moving largely higher over the past three months, but has sold off swiftly over the past week and is now below the 50-day moving average. Options traders are buying protection on the name today. The October $20.00 put was purchased 1,800 times, on the offer, a short while ago; open interest on the strike is 12,340 contracts. Put volume is now running at 2.50x the daily average. 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. For more great research like this, as well as how to play it through options…please visit Benzinga’s Options & Volatility Edge and Benzinga’s Cash Generator.