This morning, KDK Options entered into a spread trade for the Bond ETF TLT. A Dec 1, 2017 $120.50 put and a $129.00 call option were purchased. The cost of the trade before commissions and fees was $0.67. The expectation of the trade is to end at $1.50. Some reasons for the trade are below.
- Budget/Tax Reform news affecting the deficit will be consistent.
- US Dollar moving
- Chart at an inflection point
- Likelihood of $130+ or sub $120 is higher given news and currency movements around the world
**
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
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