New Call Option Purchased in VXX

A new trade in VXX has started. An Oct 5th $28.00 call option has been purchased. The cost of the trade was $0.88 before fees and commissions. The expectation is that the trade will reach $2.00. A stop loss price has been created. Some reasons for the trade are below.

- Trade complications
- Geopolitical complications
- Rate decision week
- Earnings season







 ** 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 **

Morgan Stanley Trade Closed Out at Stop Loss

Today the Morgan Stanley spread trade hit the stop loss and was closed out. It seems the resistance at $50.00 will continue. The trade sold for $0.30 before fees and commissions.

On to the next trade!

 ** 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 **

9/22 Update on Morgan Stanley Trade

The current Morgan Stanley trade will continue. The expectation is still that the trade will end at $2.00.  A stop loss plan is still in play and will likely be be exercised if the stock cannot get back up over $50.00 in the next week.

The stock has made its move to the upside. The stock gained $1.30 for the week and at one point was as high as $50.37. Seeing that makes us believe that it will move closer to the next level of resistance at $51.50. It pulled back up after passing and coming back to the 50 day simple moving average. The put has now been dealt worthless and barring a crash in the stock price will expire next week.

The below chart shows the 20 and 50 day simple moving average.






** 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 **