New Spread Trade in Financial ETF XLF

A new spread trade in the Financial ETF XLF has been made. The cost of the trade was $1.12 before commissions and fees. The goal of the trade is $2.50. Stop loss prices have been prepared. Some of the reasons for the trade are below.

- 50 and 20 day sma are converging
- Price hasn't moved in a month
- Rates are active


** 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 **

Spread Trade in Japanese Closed for Profit

Good Afternoon

The spread trade for the Japanese Yen ETF FXY has been closed for a profit. The original post on the purchase of the trade can be found here. The trade closed at $1.25. That is a profit of $0.40 before commissions and fees. Allocations to taxes, charity, investors and back into the account have been made. Some reasons for the trade are below.

- Time and time value was decreasing  on the trade
- Risk of loss of profit was 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 **

New Spread Trade in $FXY

A new spread trade in the Japanese Yen ETF $FXY. An May 4th $91.00 call option and a May 4th $89.00 put option were purchased. The cost of the trade was $0.80 before fees and commissions. The expectation for the trade is $2.00. Stop loss points have been figured out. Some reasons for the trade are below

- FXY is at near term support. If it falls through, $87 is likely. If it bounces, $93 is likely.
- Fibonacci R's and S's confirm
- Regular Geopolitical events occurring which effects the Yen as a safety currency
- Sitting on 50 day sma

** 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 **

FXY Trade Closed For Profit

The FXY spread trade was closed for a profit today. The trade sold for $0.80 before commissions and fees. Portions of the profit will go to charity, taxes, investors, and back into the trading account. This time one of the benefits of being in a spread trade worked out as in the beginning of the trade, the call looked like the winner. But in the end, the put came through with the profit. Some reasons for closing the trade are below. On to the next trade!

- Expiration is tomorrow
- Trade in a profitable status


** 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 **