New Spread Trade in Financial ETF XLF

A new spread trade in financial ETF XLF. A Feb 15th $26 call and put were purchased for a cost of $0.94 before fees and commissions. The goal for the trade is $2.50. Some reasons for the trade are below.

- Price point is a resistance point
- Price has moved 100% from the Dec downturn
- 3 Month R1 is $29.07, S1 is $22.05
- Earnings season is going on having effect on market 
- Looking for extension to $28 or a fall back to $24

** 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 **