Saturday, February 10, 2018

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 **

No comments:

Post a Comment