BAC Trade Ended in Profit

The straddle trade in Bank of America was closed out today for a profit. The trade price was $1.55 before commissions and fees. The purchase price was $0.88 before commissions and fees. A link to the purchase post is here. Some reasons for the close are below:

- news of stress test and buyback was announced yesterday
- near term resistance at 24.78 (options expire July 14th)
- stop loss of 1.55 hit

KDK Options is very excited and motivated to know that a portion of the profits will go towards KeaneVCC's charitable ventures.  KDK Fund will also receive a portion of the profits to continue its wealth build.


** 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 **

Week of June 5-9 (FXY, XLF, BAC)

This week was a pretty busy week for KDK Options. The following trades were made.

Closed spread position on FXY. See link here.

Closed spread position on XLF. See link here.

Opened spread position on BAC. See link here.

 ** 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 **

New Straddle Trade in BAC

KDK Options is excited to report a new Straddle trade (July $23.00 call option and July $22.00 put option) in Bank of America. The cost of the trade was $0.88 before commissions and fees. The expectation of the trade is $2.00. Some reasons for the trade are below.

- Stock at support near $22.00.

- Symmetrically ready to move on a time basis. Previous move happened after ten trading days of little activity

- Financial legislation expected

- Earnings during July

** 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 **

XLF Spread Trade Closed at Stop Loss

The recent XLF spread trade was stopped out. KDK Options will review the trade as always to see what improvements can be made in order to make better trading decisions. We are glad that stop losses are in place and are ready to make the next trade that shows up.

** 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 **

FXY Spread Closed Out For Profit

KDK Options is excited to announce that it has closed out a profitable spread trade on FXY. The cost of the trade was $0.45 per contract before commissions and fees. The trade was closed for $1.01 per contract before commissions and fees. That is a gain of 120% in just a couple of weeks!

Part of the proceeds will go to charity.

** 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 **