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 **
No comments:
Post a Comment