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
**
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