We were looking to initiate a bullish earnings play on Kroger this morning ahead of its Thursday’s earnings report. 

Our fundamental view has not changed but with the Russia turmoil running amuck we are holding the on Kroger (KR, quote) position as the stock is likely to be thrown out with the bathwater.

In theory for a better entry price.

We will likely initiate a position in stages this morning to limit risk. Be sure to check back or follow us on twitter (@CAMarketStrateg) for updates.