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. **
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