Here are some pre-earnings trades that looks favorable. Remember to click on any image for a screen-filling, easier-to-read version.
KR – Kroger.
16 Jun – 21 Jul is the calendar time frame. I like the 47 and 45 strike calendars (puts vs. calls up to you). Short the 16 Jun strikes, and go long the 21 Jul strikes. As an effective hedge, buy an equal number of 50 strike calls and 42 strike puts.
For 1 contract, this is around $193. There is a 3% or so move in the last 2 days on average.
![](https://slopeofhope.com/wp-content/uploads/2023/06/slopechart_KR-640x460.jpg)