A new spread trade has been made in financial ETF XLF. A Jan 18th $26.00 call option and a Jan 11th $22.00 put were purchased for $0.48 before fees and commissions. The expectation is that the trade will be $1.50. Stop loss prices have been enabled. Some reasons for the trade are below.
- There is clearly blood in the streets
- Any positive reaction should affect the financial industry aggressively
- Earnings runup before expiration
- Loads of economic data between now and expiration
- Possible $25.00 - $27.50 range
- Possible continuation of bear move to $20.00 after two step move stalled first bear 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 **
No comments:
Post a Comment