The call side of the current XLF spread trade is in the money. Contract popularity on the expiration price is $28.00 for the call and $27.50 for the put. KDK Options will continue the trade into next week. A link to the original post is here.
A closer watch on the trade is required with having stops in place as time is becoming more of an influence on the trade. The expiration on the trade is June 1st. The chart had a large positive green weekly gain after bouncing off the 50 day moving average. But it is up on the 20 day sma.
There is no expectation for news. The 10 year bond did hit 3% last week and Jaime Dimon did mention the expectation of a 4% rate coming soon.
Credit to ETrade for the chart.
** 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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