🎯 Take Profit Alert: Closing $KR Bull Put Spread

✅ Locking in 77.50% of premium captured

📌 Trade Details:

• Ticker: $KR – Kroger Co.

• Position: Sep 5th 69/67 Put Credit Spread

• Current P/L: +$697.50 (+77.50%)

• Max Reward: $900.00

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📊 Technical Take:

• Price: $74.50

• Support: $71.47 (10-day SMA) & $69.97 (50-day SMA)

• Resistance: Current level — testing a 52-week high

• Trend: Bullish breakout, but momentum could stall here at resistance

• RSI: 66 — strong, approaching overbought

• MACD: Positive and rising

• Stochastics: 84 — overbought zone, signaling a possible short-term cooldown

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✅ My Move: Closing
KR is pressing against a 52-week high and key resistance. While the trend is strong, overbought signals and proximity to resistance increase the odds of a short-term pullback. With more than three-quarters of the premium in the bag and 28 days left, I’m taking profits now and redeploying the capital into a new high-probability setup.

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*Disclaimer: These trades reflect my own strategy and opinion, not financial advice.