Yesterday, an October 18th $38.00 call option was purchased for a cost of $0.67 before fees. The reason for the trade was an increase in volatility for the security.
Today, the call was sold at the stop price of $1.05 before fees. That created a profit of $0.38 or 57%. Reasons for the trade are below. Previous trades on $SQQQ have been made in the past. On to the next trade!
- Stop loss was fairly tight due to the volatility
- A profit that big that quick needs to be protected
- Provide more capital for earnings season
**
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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
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