Busy Busy Week Trades in Bank of America, Japanese Yen

It was a busy week.

- A spread trade in Bank of America was closed for a profit. The link to that trade is here.

- A spread trade in Japanese Yen ETF FXY has started. The link to that trade is here.  The trade will continue into next week. Some notes are below.

     - The move yesterday up to $85.50 resistance will either continue through that price point for bullish confirmation or will form an M shape and head down to the $84 level. Next week the direction should be confirmed.


     - Being within 3 weeks of the expiration date has the stop loss playing more and more of a factor





 ** 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 **