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 **
No comments:
Post a Comment