XLF Spread Trade Update

The XLF spread trade will continue. The expectation is now either the trade will continue up and hit its target or fall (depending on speed and time frame) into a stop loss zone. The following reasons for keeping the trade going are below. The original post on the trade can be found here.

- continued buyback program from banks
- Volatility for the month of August for the last 5 years has averaged 6%.
- Stock market is still in the thick of earnings season
- Monthly economic indicators come out in the next two weeks
- Price passed $28.00 resistance. Likelihood is that it will shoot higher using 28 as support or quickly fall

 


** 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 **