New Call Position in XLF

KDK Options has purchased call options in XLF today. The July $25.00 strike price was purchased. The cost was $0.37 before commissions and fees. The expectation is that the option will rise to $1.00. Some reasons for the purchase are below:

- Continued upward trend in financials
- 10+% movement upwards before hitting 52 week highs on most financials
- Increasing pressure to raise rates



For non option trades, take a look at what KDK Fund is currently doing (link here). 

** 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. **

New Call Trade Made In Wells Fargo

Yesterday, KDK Options purchased July $52.50 call options. The cost per contract of the option at the time of purchase was $0.22. The expectation price of the option is $2.50. The price of the stock will probably have to move between 7.5 and 10% for the option to reach that price. The stock is currently priced at about $49.00. The reason(s) for the purchase are below.

- Continued growth in the housing market
- Upward trend in the technical charts (3 month daily, 2 year weekly)
- Brokerage buy signals given (Goldman Sachs, Nomura)

If you would like to contact KDK Options, you can leave a comment, email at kdkoptions@gmail.com, twitter @kdkoptions, or find us on Stocktwits @kdkoptions. 

** 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. **