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 **
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