A new spread trade in Bank of America has been started. An Aug 17 $23.50 put and Aug 25 $24.50 call were purchased. The trade cost $0.81 before commissions and fees. The goal of the trade is $1.50 before commissions and fees. This is the second Bank of America trade this year for KDK Options. Some of the reasons for the trade are below:
- 50% retracement from recent move up with rebound
- multiple points of resistance and support that can be broken
**
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 **
Wednesday, July 26, 2017
Thursday, July 20, 2017
FXY Spread trade closed for Profit
For the third time this year, KDK Options has executed a profitable trade with FXY. The trade closed at a price of $1.23 before fees and commissions. The trade started at $0.65 before fees and commissions (see post here). Some reasons for the trade are below:
- Stop price hit
- ECB and Japanese currency decision making coming up
Part of the profits will go directly to KeaneVCC's 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 **
- Stop price hit
- ECB and Japanese currency decision making coming up
Part of the profits will go directly to KeaneVCC's 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 **
Ford Spread Trade Closed Profit
The Ford spread trade was closed yesterday for a profit. The call was sold for $0.82 before fees and commissions. The cost of the trade was $0.58 before fees and commissions (the purchase post is here).
Some of the profit will go directly to KeaneVCC's charity.
Reasons for closing the trade are below:
- A stop price was hit.
- Potential active news coming up with earnings for GM on the 25th. With a profit already secured, the stop loss was moved up to ensure profit.
- short term resistance was met
For disclosure purposes, KDK Fund, a partner of KDK Options, owns shares of Ford.
** 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 **
Some of the profit will go directly to KeaneVCC's charity.
Reasons for closing the trade are below:
- A stop price was hit.
- Potential active news coming up with earnings for GM on the 25th. With a profit already secured, the stop loss was moved up to ensure profit.
- short term resistance was met
For disclosure purposes, KDK Fund, a partner of KDK Options, owns shares of Ford.
** 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 **
Thursday, July 13, 2017
New Spread trade in FXY Yen
Hello
On Tuesday, KDK Options entered into a spread trade on the Yen ETF FXY. A purchase of an August 4 $85.00 call option and a July 28th $83.00 put option. The cost of the trade is $0.65 before fees and commissions. KDK Options has been successful before with FXY (June 10 trade here), (March 22 trade here).
The expectation is for the trade to reach $2.00. Some reasons for the trade are below
- Monetary policy is in the news with volatility rising
- The chart is saying the $84.00 price of FXY at the time of the trade was at a support level.
- This support level has been reached for a third time in recent months. FXY regularly has risen to $87.00 after hitting this point.
- If support is broken $ 81.00 is likely.
** 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 **
On Tuesday, KDK Options entered into a spread trade on the Yen ETF FXY. A purchase of an August 4 $85.00 call option and a July 28th $83.00 put option. The cost of the trade is $0.65 before fees and commissions. KDK Options has been successful before with FXY (June 10 trade here), (March 22 trade here).
The expectation is for the trade to reach $2.00. Some reasons for the trade are below
- Monetary policy is in the news with volatility rising
- The chart is saying the $84.00 price of FXY at the time of the trade was at a support level.
- This support level has been reached for a third time in recent months. FXY regularly has risen to $87.00 after hitting this point.
- If support is broken $ 81.00 is likely.
** 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 **
Saturday, July 1, 2017
New Spread trade in Ford
KDK Options has opened up a spread trade in Ford. A July 28th $11.00 call option and a July 21st $11.00 put option has been purchased. The cost of the trade was $0.55 before fees and commissions. The expectation is that the price will reach $1.25. A stop loss point has been entered. Some of the reasons for the trade are below.
Technical Side
- Triple bottom at $11.00.
- Near term reverse head and shoulders filling out to upside.
The probably that the stock will move to either $12.00 or $10.00 is likely given these technical indications mentioned above.
Fundamental Side
- Monthly auto sales released next week
- Quarterly earnings due near the end of the month
- First Quarterly earnings for new CEO
Disclosure - Our partner KDK Fund owns shares of Ford.
** 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 **
Technical Side
- Triple bottom at $11.00.
- Near term reverse head and shoulders filling out to upside.
The probably that the stock will move to either $12.00 or $10.00 is likely given these technical indications mentioned above.
Fundamental Side
- Monthly auto sales released next week
- Quarterly earnings due near the end of the month
- First Quarterly earnings for new CEO
Disclosure - Our partner KDK Fund owns shares of Ford.
** 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 **
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