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. **
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