Spread Trade Made in BanK of America

A spread trade has been made in Bank of America. The Nov 16th $29.00 call and the Nov 9th $26.50 put have been purchased. The goal of the trade is $2.00. A stop loss plan has been implemented. Some reasons for the trade are below:


- Market volatility is still strong
- Earnings and guidance are now out, giving investors a stronger reason to implement their plan
- Stock is at a major support. Regular patterns show either a quick steep breakdown or a rebound.
- There are still over 61,000 November 16th open contracts at the $30.00 price target.  








** 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 **