Grocery giant Kroger Co (NYSE:KR) is down 1.4% as investors await third-quarter results. The stock struggles with resistance near the 100-day moving average. Post-earnings, KR historically rises, with analysts expecting an 8.1% move this time. Call options are popular, but rising short interest could pose challenges for the stock.
Short interest in Kroger is up 11.9%, with 28.79 million shares sold short. This represents 4.75% of the stock’s available float. A premium-selling strategy may be prudent, as Kroger’s Schaeffer’s Volatility Scorecard (SVS) is low at 12 out of 100, indicating lower volatility than priced in by options.
Read more at Yahoo Finance: Kroger Stock Volatile Ahead of Q3 Earnings
