KDK Options has purchased an XLF $23.50 call option that ends on Oct 3. The cost of the trade was $0.25 per contract. The goal of the trade is to see the value reach $1.00. The current price of the ETF is $23.45. Reasons for the trade are below:
- The financial sector looks to be starting a bull run
- The underlying US economy looks to be moving forward
- Economic numbers will be coming out in the interim possibly pushing stocks higher.
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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