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 **
No comments:
Post a Comment