KDK Options has purchased a Wells Fargo February $57.50 call option. The price paid for the call was $0.50 before fees and commissions. The goal price of the trade is $2.50. Some reasons for the trade are below:
- stock in a bullish trend
- R1 and R2 support price projections
- December interest rate hike has been passed on to customers
- Continued growth in economy
- Earnings growth in January should support higher stock price
**
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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