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 **
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