KDK Options continues to hold its position of July $52.50 call options. Last week, the option gained $0.06 and closed the week at $0.28. The option is still out of the money and all its value is time value. The goal of the trade is to see the option price reach $2.50.
Wells Fargo's stock closed the week at $50.16. That was a gain of $1.32 from last week. It was a new 52 week closing high.
If you would like to contact KDK Options, you can leave a comment, email at kdkoptions@gmail.com, twitter @kdkoptions, or find us on Stocktwits @kdkoptions.
** This blog is used for informational purposes only. It should not be used as a recommendation to buy or sell any security. Do your own due diligence before trading or investing. **
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