New Spread Trade In Gold

A new spread trade in gold etf IAU has been made. An Oct 18 $14.50 put and call were purchased for $0.48 before fees and commissions. The expectation is that the trade will reach $1.00. Stop loss pricing has been installed. A previous trade with IAU can be found here.  Reasons for the trade can be found below. We also have a spread trade going on with Jet Blue (link here).

- Continued increased Federal Reserve activity in the repo market
- Gold's second try at high of range (likely a breakout of breakdown)
- Political volatility
- Corporate earnings due in a couple of weeks


 ** 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 **

New Spread Trade Made in Jet Blue

A new spread trade in Jet Blue has been made. Two October 18th $17.00 call options and one $16.00 put option were purchased. At the time of the trade, Jet Blue was trading around $17.20. The cost of the trade was $1.70 before fees. The expectation of the trade is to be $4.00. Stop loss pricing has been started. Some reasons for the trade are below.

- At bottom of a trading range
- Oil seems to be going lower
-Trade War conversation still loud
- Fed data coming next week
- Quarterly earnings data within date range of 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 **

Profit Made In XHB Spread Trade

The spread trade in housing ETF XHB was closed for a profit. The trade closed at $1.34. The profit after fees was 23%. Reasons for the trade are below. On to the next trade! 

- Options end this Friday



 ** 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 **