A new straddle trade in the Canadian Dollar (symbol FXC) has been made. A $81.00 call option and $79.00 put option has been purchased. Both options expire on Feb 16th. The expectation is that the trade will reach $1.50. A stop loss price has been set. Some reasons for the trade are below:
- State of the Union tonight
- Recent Volatility in Currencies
- Oil Prices rising
- Fed meeting this week
- Price at resistance level ($80.00) for over a week
**
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 **
Tuesday, January 30, 2018
Wednesday, January 24, 2018
UUP Trade Closed With Profit
The most recent UUP straddle trade (link here), has been closed for a profit. The trade closed for a price of $0.70. That is a profit of $0.33 before commissions and fees. Reasons for the trade are below.
- The underlying UUP made a large move down today
- Expiration was within 10 trading days
A portion of profits will go to investors, charity, taxes, and back into the trading account.
** 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 **
- The underlying UUP made a large move down today
- Expiration was within 10 trading days
A portion of profits will go to investors, charity, taxes, and back into the trading account.
** 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 **
Tuesday, January 2, 2018
New spread trade in UUP
A new trade in UUP has been entered. A Feb 2 $24 spread trade has been purchased for $0.38 before commissions and fees. The goal of the trade is $0.80. A stop loss has been entered. Some reasons for the trade are below
- UUP crossed lower than $24.00
- Next support is $23.66.
- Likely rate rise not until March as all of last year's rate raises were during meetings that also had a press conference by chair as well as a summary of economic projections
- A reversal going higher will be quick with economic items like GDP and rate rise dates happening before expiration date.
- Euro is hitting resistance
** 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 **
- UUP crossed lower than $24.00
- Next support is $23.66.
- Likely rate rise not until March as all of last year's rate raises were during meetings that also had a press conference by chair as well as a summary of economic projections
- A reversal going higher will be quick with economic items like GDP and rate rise dates happening before expiration date.
- Euro is hitting resistance
** 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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