The Bank of America Nov 3rd spread trade was closed out for a profit (original post here). The trade ended at a price of $0.79 before commissions and fees. Some of the proceeds will go to charity. Some of the proceeds will also go back to investors. Reasons for the closure of the trade are below. We will be looking at set ups for our next trade.
- Expiration was 2 weeks away
- Time value will decrease quickly from here on out
- Trade caplitalized on earnings
**
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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