Market Whales and Their Recent Bets on Kroger Options

Financial giants have made a conspicuous bullish move on Kroger. Our analysis of options history for Kroger KR revealed 33 unusual trades.

Delving into the details, we found 48% of traders were bullish, while 45% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $113,745, and 31 were calls, valued at $2,728,709.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $70.0 and $75.0 for Kroger, spanning the last three months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Kroger options trades today is 9669.0 with a total volume of 80,919.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Kroger's big money trades within a strike price range of $70.0 to $75.0 over the last 30 days.

Kroger Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

About Kroger

Kroger is one of the largest grocery retailers in the United States with more than 2,700 stores across a portfolio of over 20 supermarket banners. The company boasts an ingrained presence in US communities, citing that it is a top-two grocer in most of its major market areas. Over one fourth of Kroger's roughly $110 billion in nonperishable and fresh food sales (about 75% of revenue) stems from its private-label portfolio, of which the company manufactures about 30% of units via its own food production plants. The firm also operates fuel stations and pharmacies at 60% and 80% of its locations, respectively.

Having examined the options trading patterns of Kroger, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Present Market Standing of Kroger

• With a trading volume of 2,904,139, the price of KR is up by 2.51%, reaching $68.38.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 102 days from now.

Expert Opinions on Kroger

In the last month, 5 experts released ratings on this stock with an average target price of $71.2.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Telsey Advisory Group has decided to maintain their Outperform rating on Kroger, which currently sits at a price target of $73. * An analyst from JP Morgan persists with their Overweight rating on Kroger, maintaining a target price of $72. * An analyst from Citigroup has decided to maintain their Neutral rating on Kroger, which currently sits at a price target of $65. * Consistent in their evaluation, an analyst from Telsey Advisory Group keeps a Outperform rating on Kroger with a target price of $73. * Consistent in their evaluation, an analyst from Telsey Advisory Group keeps a Outperform rating on Kroger with a target price of $73.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Kroger with Benzinga Pro for real-time alerts.