KDK Options has purchased an Apple April $110 call option. The price for the option was $0.67. The goal for the option is $5.00. The stock at the time of the purchase was about $102.00.
Some of the reasons why the call was purchased are below:
- Earnings season coming up
- Upward movement in the stock
- Another up leg in the market looks likely on a technical basis
- Profit to loss ratio level
- Upcoming March Event
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