This week there was a purchase of JP Morgan August $60.00 call options. The post for the purchase is here. There were no sales this week.
USO - The July $40.00 call is still being held. It is still out of the money. The action in Iraq as well as 2nd quarter GDP numbers continue to put upward pressure on the price of the ETF. The expectation is for the USO to reach $41.00. The goal of the option is being brought down to $1.00.
JPM - The August $60.00 call is still being held. It is still out of the money. The stock keeps pushing up against resistance at the $58.00 level. We believe that earnings will carry the stock price into the $61-$62 range.
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. **
Monday, June 30, 2014
Tuesday, June 24, 2014
KDK Options Purchases JPM August Calls
KDK Options has purchased call options for JP Morgan. The August (first week) $60.00 call options were purchased for $0.27. The goal of the trade is $2.50. The stock is currently trading at $57.73. The reasons for the trade include:
- An upward pressure on the stock technically
- Improving economic conditions in the US
- Earnings season coming within the time frame
- Financial Industry looking to experience growth
If you would like to contact KDK Options, you can leave a comment, email at kdkoptions@gmail.com, twitter @kdkoptions, or find us on Stocktwits @kdkoptions.
** This blog is used for informational purposes only. It should not be used as a recommendation to buy or sell any security. Do your own due diligence before trading or investing. **
- An upward pressure on the stock technically
- Improving economic conditions in the US
- Earnings season coming within the time frame
- Financial Industry looking to experience growth
If you would like to contact KDK Options, you can leave a comment, email at kdkoptions@gmail.com, twitter @kdkoptions, or find us on Stocktwits @kdkoptions.
** This blog is used for informational purposes only. It should not be used as a recommendation to buy or sell any security. Do your own due diligence before trading or investing. **
Monday, June 23, 2014
Week In Review ($USO, more)
There were no purchases or sales this week. The financial industry is looking good for a possible call purchase through XLF ETF or one of the banks.
USO
KDK Options is continuing to hold its July $40.00 call options. Currently, the price of USO is $39.10. The continuing crisis in Iraq is giving some support to the price. The economy is also moving forward having some effect on supplies. If refineries in Iraq are taken off line, the likelihood of a spike in oil prices is 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. **
USO
KDK Options is continuing to hold its July $40.00 call options. Currently, the price of USO is $39.10. The continuing crisis in Iraq is giving some support to the price. The economy is also moving forward having some effect on supplies. If refineries in Iraq are taken off line, the likelihood of a spike in oil prices is 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. **
Monday, June 9, 2014
New Trade in Twitter!
An option trade in Twitter has been made. KDK Options has purchased the July $39.00 call options for $0.50. Reasons for the trade are below. The stock is currently trading at around $33.50. The goal price of the options will be $5.00.
- Both fundamental and technical research suggests a high probability that the stock price will move towards $45.00.
- A Fibonacci retracement from the recent downtrend suggests that a 38% retracement could move the stock past $45.00.
- Growing usage by all industries suggests a high level of media coverage.
- Possible build up for stock into earnings call; which is the scheduled for a week after the option expires.
- Stock has hit $30.00 twice and came off that level both times, suggesting a possible bottom.
Don't forget to check out the rest of the blog to see how other trades panned out.
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. **
- Both fundamental and technical research suggests a high probability that the stock price will move towards $45.00.
- A Fibonacci retracement from the recent downtrend suggests that a 38% retracement could move the stock past $45.00.
- Growing usage by all industries suggests a high level of media coverage.
- Possible build up for stock into earnings call; which is the scheduled for a week after the option expires.
- Stock has hit $30.00 twice and came off that level both times, suggesting a possible bottom.
Don't forget to check out the rest of the blog to see how other trades panned out.
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. **
Friday, June 6, 2014
WFC July $52.50 Call Options Trade Closed Out
Today, KDK Options closed out its trade in Wells Fargo July $52.50 call options. The price of the trade was $0.70. The reasons for the early sale below.
- The stock has moved a large amount in a quick amount of time. With the option price still 100 percent time value, taking advantage of the large move seemed appropriate. The price of the stock is around $51.90.
- Resistance at the $52.00 for the stock seems strong.
- The ability to use the extra funds to compound the profits during the same time frame (July options) presents a great opportunity.
- It is rarely bad to ring the register!
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. **
- The stock has moved a large amount in a quick amount of time. With the option price still 100 percent time value, taking advantage of the large move seemed appropriate. The price of the stock is around $51.90.
- Resistance at the $52.00 for the stock seems strong.
- The ability to use the extra funds to compound the profits during the same time frame (July options) presents a great opportunity.
- It is rarely bad to ring the register!
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. **
Subscribe to:
Posts (Atom)