KDK Options purchased an October $10.50 call option last week. The cost of the option was $0.22. The goal of the trade is $1.00. The expectation is for USO to get to $11.50. There is no stop loss as the trade was such a low cost. Some reasons for the trade are below:
- Oil looks to be on an uptrend
- Option cost is low
- Escalation of military operations around the world
- Economies in China and US continue to grow
- Hurricanes Harvey and Irma
**
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 **
