The XLF trade was closed at a stop loss price. The put was sold at $0.24 before fees and commissions. The link to the original post is here.
The trade showed that one glaring mistake was made. KDK Options should not have sold the call side of the trade early. Greed and anxiety about "knowing the pattern" were the culprits behind the move. KDK Options was lucky for the move down on Wednesday to save some of the trade. We hope the lesson will be worth the loss taken this week. Ultimately, capital has still been preserved to still be active.
Now, as always, ON TO THE NEXT TRADE.
**
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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