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.
**
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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
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