A new spread trade has been started in Jet Blue (JBLU). KDK Options purchased a Jan 18th $19.00 call option and a Jan 18th $16.00 put option for $0.38 before fees and commissions. The expectation is to see the trade reach $1.00 before expiration. Stop loss pricing has been implemented. Some reasons for the trade are below.
- Oil is lower than expected
- 2018 Airline metrics will be released
- Market volatility is high
Please Note - KDK Options also has a spread trade going on in Financial ETF XLF. The link to that trade can be found here.
**
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 **
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