KDK Options has purchased call options in XLF today. The July $25.00 strike price was purchased. The cost was $0.37 before commissions and fees. The expectation is that the option will rise to $1.00. Some reasons for the purchase are below:
- Continued upward trend in financials
- 10+% movement upwards before hitting 52 week highs on most financials
- Increasing pressure to raise rates
For non option trades, take a look at what KDK Fund is currently doing (link here).
** 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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