Their is over 15000 puts at the $35.00 strike price. THis stock gets beat up Monday and Tuesday then p 2% weds then slammed on Thursday and Today. No news. Take a look at put at $35.00 stike up .48 today over 15,000 outstanding. Just a thought. I like Krogers a good company.
Only Wall street could sell people to buy this stock. $100.00 divided by .27 = 370 times earnings. I guess they have a lot of customers. And just a small amount of competition from Amazon and Hulu and Dish network. I guess just keep buying.
I really like watching level 2 quotes. After hours we had a few buyers come in the the shorts with all those puts that expire at $40.00 valued at $3.70 put and $35.00 $1.35 put are desperate to drive the stock down and have them in the money. This is a company that can grow in the future and become really big. Mutual funds love a growth story. They will smash the short. 8 millions buyers. We see tommorow.
People paid more then 30 times earnings at $106.00 per share. Now company has slowed down a little but still has great prospects. People want to short it at $38.00. I think that is crazy. I think we go green tomorrow.