At first glance, the unusual options activity for Kroger (KR) doesn’t seem all that remarkable. On Friday, total options volume reached 10,428 contracts, which actually represented a 52.06% decline against the trailing one-month average. Making matters worse, over the trailing 30 calendar days, KR stock had slipped more than 2%, bringing its year-to-date performance at just a bit over 8%.
Admittedly, Kroger is a boring enterprise so people shouldn’t expect too much. But even with the grocery giant tacking on its 2.11% dividend yield, the total return is still off the performance of the S&P 500, which is up over 14% YTD. And with so many other sectors delivering blistering returns, KR stock has silently languished in the background.
