KRThe Kroger Co.
Options Analysis Report•RETAIL-GROCERY STORES
Market Cap $41.8B|NYSE
● 2026-04-17$68.19
BULLISH
Analysis: 2026-04-16 EOD data
1Y -5.7%YTD +8.3%7D +0.3%
Options Vol
9,778
30D
Implied Move
±7.9%
IV Rank
40%
KR Options Overview
IV is low with bullish flow. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
Loading score history...
Value
Is IV priced right?
6.4
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks6/9 checks passed
IV Rank
≤35%IV Rank 27.6% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.15x — IV premium over HV
Sector Relative≤50%
Sector percentile 45% — below sector median
Term Structure
<1.1xFront/Back 1.00x — flat
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 30.6% — normal range
Spread-Adjusted Value
<80%Effective IV 73.9% (ATM 30.6% + spread 21.6% + bias) — fair
Execution Efficiency
<3.0%Total drag 28.92% (spread 21.63% + slippage 7.29%) — high friction
Vega Efficiency
≥5.0Vega efficiency 1.85 (vega 3.998 / spread 21.63%) — spread drag
Sentiment
Bullish or bearish?
7.9
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bullish - Strong signal (Conviction: +41%, Raw: +37%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +41% (strong bullish) — Raw: +37%
OI Skew Magnitude
≥15%|OI skew| 22.3% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +56.7%, OI skew +22.3% — aligned
Conviction Quality
≥2/3 conditions0-DTE 14%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +29%, ATM: +13%, OTM: +45% — bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 11% — very bullish vs sector
Activity
Unusual activity?
5.3
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks4/9 checks passed
Volume Surge
≥1.5xVolume 1.0x avg — normal
Turnover Rate
≥15%Vol/OI 8.1% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +5.3% (5d) — building
Sector Relative≥60%
Sector activity percentile 89% — very active vs sector
Trade Quality
≥30%Large trade volume 33% — institutional presence
Execution Urgency
≥60%Aggressive execution 32% — patient
Flow Conviction
≥30Conviction +41 (bullish) — moderate
Liquidity
Can I trade efficiently?
3.7
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 21.6% — wide
Adequate OI
≥10,000OI 121,285 — deep
Active Volume
≥500Volume 9,778/day — active
Reasonable Cost
≤$0.50$1.08 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 49% — neutral vs sector
Order Book Depth
≥100 contractsDepth 328.6 contracts (bid:132.3 ask:196.3) — adequate
Execution Quality
<1.0%Avg slippage 7.29% — poor
Timing
Is now a good time?
6.8
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +0.3% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 28% — buyer opportunity
Event Detection
≥10pts kinkIV kink 1.1pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 56.96 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No events detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +41% @ 70% consistency — STRONG directional (bullish)
Smart Money Timing
≥40 composite scoreScore 63 (ITM 20% + inst 33%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls7.1
bullishIV cheap, bullish flow
Long Puts4.6
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put5.6
bullishIV too cheap, bullish flow
Covered Call3.6
bearishIV too cheap, bullish flow
For educational purposes only. Not investment advice.