Kroger Oct 21 puts see interest for a third time this week
Kroger Oct 21 puts see interest for a third time this week. Open interest at that strike is 33.4K and the largest in the name, with players opening a 8.7K Tuesday and 8.1K Wednesday. The stock is off 8c to $20.62 and the bearish flow resumes Friday with another 14.3K KR Oct 21 puts changing hands. 5K Nov 23 puts traded as well. Sellers active in expiring 20.5 calls and Oct 21 calls. Total volume is lopsided 2:1 at 29K puts and 14K calls. 30-day implied volatility is up 3% to 39.5. The motivation for this week's bearish option flow in Kroger is unclear, but note that shares saw a negative reaction a few months ago when Amazon (AMZN) announced its intention to gobble up Whole Foods (WFM).