Week Ending 10/19 (2 Bank of America Trades)

There were two spread trades made on Bank of America this week. Details for each are below

- A profitable spread trade on Bank of America was started and finished during the week. The post for the trade can be found here. 

- A currently open spread trade on Bank of America was started later in the week. The post for that trade can be found here. The trade is still expected to reach a value of $2.00. Some reasons are below.

- Possible W formation
- Breakdown of $28.00 should see another steep fall
- Volatility still high
- Active economic calendar this week
- Recent move from $28.00 to $29.00 was a 50% retracement of $30.00 to $28.00 move







 ** 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 **