New Trade in FXY

Hello

KeaneVCC has made a trade with Japanese Yen. March 2nd $89.50 put was purchased. The price paid for the put was $0.30 before commissions and fees. The expectation is that the put will be $1.00. There isn't a stop loss on this trade. Reasons for the trade are below.

- Yen is at a Big Resistance point

- Lots of dollar talk with the Federal Reserve

- Price of option provides an opportunity

** 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 **

New Spread Trade in Bank of America

Yesterday, a spread trade in Bank of America $BAC was opened. A $32 call/$27 put spread expiring on March 16th was purchased for $0.85. The expectation is for the trade to get to $1.50. A stop loss has been created for the trade. Some reasons for the trade are below.

- steep drop with long bullish tail on Friday
- price on the 50 day average
- Market Volatility high


** 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 **

FXC Canadian Dollar Trade Ends in Profit

The spread trade in the Canadian Dollar for $FXC has ended in a profit. The trade sold for $0.90. That is a gain of $0.25 before fees and commissions. Portions of the profits will go to investors, KeaneVCC's charity, taxes, and back into the fund. The link to the purchase blog entry can be found here. Reasons for ending the trade can be found below.

- Trade was in a profitable spot
- Expiration of the option was next Friday
- Other opportunities are coming up that can use that capital

** 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 **