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. **
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