The spread trade for XLF is still active.We have not hit the stop loss amount and still feel that the market is volatile enough to move the position into reaching our targets
One item that KDK Options looks at when analyzing a possible trade is what the open interest looks like at the expiration date. For June 1st calls, the $27.50 call is carrying 9,000 contracts and the $28.00 call is carrying 2,500 open contracts. For June 1st Puts, the $27.50 contract is carrying the most at 2,100 contracts.
Knowing where the pressure is in terms of contract amounts can help getting the maximum likelihood of success on your trades.
**
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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
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