Our call trade with Nasdaq ETF SQQQ has ended hitting the stop loss. The call was sold for $0.89.
On the flip side, we day traded an Oct 9 SPY $289 put for over a 60% return. We purchased the put for $0.66 and sold it for $1.14.
Reasons for both trades are below
- (SQQQ) With expiration next week, a tight stop loss was used.
- (SPY) There were clear technical and news level pressures on the ETF. We always intended to sell before the end of the day.
**
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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