Today, KDK Options made a purchase of the Morgan Stanley October $40.00 call options. The cost of each option was $0.94 before commissions. The goal of the trade is for the option to reach $4.00 per contract. Some reasons for the purchase are below.
- Bank stocks are in an uptrend.
- Morgan Stanley has risen to the top of the trading business.
- The US Dollar is at a strong level.
- Morgan Stanley has retreated from a high of around $42.00 to a $38.75 support level
As always, we would like to thank OptionsHouse for executing the trade.
**
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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