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 **
No comments:
Post a Comment