May 11-15 Performance (Bank of America, Dow Jones, Applied Materials)

The following activity and notes are for the week of May 11-15.

Date Entry	Security	Option	Cost	Date Sold	Amount Received	Per Contract Result
5/13/20	BAC	May 22 $19 Put	$0.13	5/13/20	$0.15	$0.02
5/13/20	DIA	May 22 $190 Put	$0.10	5/14/20	$0.12	$0.02
5/14	AMAT	May 22 $60 Call	$0.17	5/14	$0.37	$0.20
Total						$0.24

- The first trade was a momentum trade on the downturn for Bank of America and the banks.
- The second trade was another momentum trade on the middle of the week downturn for the market.
- The Applied Materials trade was made knowing that there would be earnings released after the market closed.



** 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 research done on a stock you own or are thinking about buying, email at kdkoptions@gmail.com **

Bank of America Spread Trade Closed For Profit

The spread trade with Bank of America closed with a profit. The trade closed at $1.20. That is a profit of $0.59 before fees and commissions. The post for the original trade can be found here. Reasons for the trade are below. Now on to the next trade!

- Earnings were great
- 2 weeks left on 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 **

New Spread Trade in Bank of America

There is a new spread trade in Bank of America. A Feb 1st $27.00 Call and $24.50 Put were purchased for $0.61 before fees and commissions. Stop loss pricing has been set up. Some reasons for the trade are below.

- Earnings next week
- Major resistance level reached at $26.00
- Next resistance at the gap fill of $26.73
- 50 day moving average 26.10
- 3 Month R1 and S1 are 28.90 and 22.86
- 50% price retracement up from $29.00 - $22.66 move
-  Dec 24 - Jan 14 is 100% time value extension from Dec 1 - Dec 24 downturn
- MACD (12, 26) looks toppy in 3 Month chart
- RSI at top of 3 month range


 




  ** 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 Call trade in Financial ETF XLF

A new call trade was made with financial ETF XLF. The Dec 21st $27.00 call was purchased for $0.41 before fees and commissions. The expectations is for the trade to reach $1.00. A stop loss price has been set. Some reasons for the trade are below. A chart is also included.

- Interest Rate benefits for members (Berkshire, JP Morgan, Bank of America, Citigroup, etc.)
- Likely W formation being created
- October Housing Improved (Housing ETF XHB) Marketwatch story link here
- Many economic numbers to come out in the next few 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 **