Spread Trade on UUP

This week, KDK Options has placed a spread trade on UUP (US Dollar). An April $26.00 call option and an April $25.00 put option has been purchased. The cost before commissions and fees was $0.40. The goal of the trade is $1.00.

Reasons for the trade are below:

- Increasing rates

- Technical move up (Elliott Wave) beginning of Wave 3 (for call) or Head and Shoulders (for put). 

 ** 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. If you would like up to the moment communication on KDK Options trades, email at kdkoptions@gmail.com **

Spread Trade on XHB

KDK Options has made a spread trade on XHB. A March $36 call has been purchased as well as a $32 put. The cost of the trade was $0.60 before commissions and fees. The goal of the trade is $2.00. Reasons for the trade are below.

- Technical wedge coming to a point.

- Support is at 30 and Resistance is at 38.

- Increased expectations of market volatility


** 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. **