KR SHORT IDEA

11 בספט׳ 2022KR

KR made a big move this week after the Q2 earnings call. I believe that it is now overextended.

On the 15-minute chart, the big price action is seen. However, the RSI indicator shows a flat relative

strength suggestive of bearish divergence. The Mass Index peaked out over 27.5 and is now dropped

below is the suggested trigger for a reversal of 26.5 Trading volume is about 250% of the average

on Friday overall while concentrated on the early morning rapid trend reversal and late afternoon

profit taking. I will look to capitalize on a quick downtrend correction with a put option with

5DTE below the current market price for maximal return albeit with the added risk of time decay.

15 בספט׳ 2022

עסקה פעילה

Partial Profit taken with over 40% return on call option as price dropped over 5%
augmented by the general market pullback. Will close the trade Friday mid morning.