KDK Options has purchased the Bank of America October $18.00 call options. The price of the option was $0.08. The goal of the trade is to see the option reach $0.25. Reasons for the trade are below:
- Plenty of upside in the stock
- Earnings run up probability is high
- Federal Reserve meets on the 16th and 17th
- Price of options allows for 5X gain in 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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