Bank of America Spread Trade Closed at Stop Loss

The stop loss price point for the spread trade on Bank of America has been reached and the trade has ended. The trade was closed at $0.42 before fees and commissions. KDK Options is very grateful for the stop loss process and will now research for other trades. Having stop losses keeps KDK Options in business when it gets a trade wrong. Some reasons for the trade are below:

- Escalation of words between the US and North Korea

- Time left on trade shrinking to a point where probability of necessary move in either direction is low.

A spread trade with Japanese Yen ETF FXY (link here) is still open. 

If you would like up to the moment notice of trades or research that KDK Options is doing, please fill out this form (link here).


** 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 **

New Spread Trade in FXY (Japanese Yen)

For a fourth time this year, Japanese Yen ETF FXY has presented a spread trade opportunity. KDK Options purchased a Sept 1 $88.50 call option and a Sept 15 $85.00 put. The cost of the trade was $0.56 before fees and commissions. The goal of the trade is $1.50. Some reasons for the trade are below:

- Hitting the 200 and 50 day moving averages at the same time.
- Third possible top in range
- Bottom of range is $84.00
- Unresolved gap up to $90 still exists. 

 ** 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 **