XLF Spread Trade Closed For A Profit

On Wednesday, KDK Options closed a spread trade on financial ETF XLF for a profit. The trade closed at $0.88 before fees and commissions. The trade was begun at $0.55 (post link here). That is a 60% return on the trade. Reasons for ending the trade are below. Now on to the next trade! Portions will go to charity, investors, and back into the account.

Many thanks to many people for helping us see, execute, and finish this trade in fine fashion!

- Price hit trailing profit stop price
- Trade was to expire next week


** 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 ETF XLF

A new spread trade in Financial ETF XLF has been started. A July 27th $27.00 call and a July 27th $26.00 put were bought. The cost of the trade was $0.55 before fees and commissions. The goal of the trade is $1.50. A stop loss plan is in place.Reasons for the trade are below.

- Financials at an inflection point technically

- Earnings are this week

** 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 **

June 10 Update on XLF Spread Trade

The current spread trade on financial ETF XLF is still open. There are both fundamental and technical reasons to keep this trade open.

Fundamentally, there is both news geopolitically and financial that could affect XLF in a big way. The geopolitical news cycle is at a high this week due to the Singapore Summit. The fallout from the G-7 meeting will also be in the news this  weekend and into next week. Financially, the FOMC meets this week.

Technically, the weekly is banging up against the 50 day average as last week it bounced off of the 20 day moving average. A chart from Etrade is below.

 




 ** 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 **

XLF Spread Trade Update

The spread trade for the financial ETF XLF continues. The price of the ETF is at $27.50. The trade expires on June 15th. The original post covering the trade can be found here. Stop loss prices have been set and will be used quickly next week if volatility shrinks. 

- The fed decision is in 12 days.
- The ETF volatility has picked up
- Market volatility has picked up
- Plenty of Geopolitical news to move the ETF 5%+

The daily chart with 20, 50 sma

 


The weekly chart with 20, 50 sma





 ** 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 **