Week Ending Jan 9th Activities (RevGen, KDK Fund, Charity, more)

 The week's notes are below. 

RevGen Trading

Date Entry	Security	Option	Cost	Date Sold	Amount Received	Per Contract Result	% result
Jan 4	SQQQ	Jan 8 $16.40 Call	$0.27	Jan 4	$0.50	$0.23	85.19%
Jan 5	WKHS	Jan 8 $23.50 Call	$0.39	Jan 6	$0.33	-$0.06	-15.38%
Jan 6	MS	Jan 8 $75.00	$0.40	Jan 6	$1.10	$0.70	175.00%
Jan 7	NVDA	Jan 8 $560 Call	$0.29	Jan 8	$0.11	-$0.18	-62.07%

Notes

- The SQQQ trade was a momentum trade that was sold at a stop price. 

- The WKHS trade was a momentum trade that was whipsawed and hit a stop price

- The MS trade was a breakout trade that hit a stop price. It was not expected to be a day trade. 

- The NVDA trade was a momentum trade that hit a stop price. We incorrectly thought the 2 days left of trading left when the trade was started. Always have your plan out of your heads and onto a spreadsheet or paper before executing!  

KDK Fund

- We purchased more shares of IBIO at a price of $1.19 and sold a Feb $2.00 call option for $0.11. This continues to build the covered call portfolio. Average price before selling calls is now $1.32. 

- We purchased a share of Virgin Galactic at a price of $23.21. We have no plan to sell.   

KeaneVCC Charity

- We will make our next charity donation mid to late next week. Work from RevGen and KDK Fund have done great. 

** 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 keanevcc@gmail.com **

Ford Spread Trade Closed Profit

The Ford spread trade was closed yesterday for a profit. The call was sold for $0.82 before fees and commissions. The cost of the trade was $0.58 before fees and commissions (the purchase post is here).

Some of the profit will go directly to KeaneVCC's charity.

Reasons for closing the trade are below:

- A stop price was hit.
- Potential active news coming up with earnings for GM on the 25th. With a profit already secured, the stop loss was moved up to ensure profit.
- short term resistance was met 

For disclosure purposes, KDK Fund, a partner of KDK Options, owns shares of Ford. 

 ** 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 Ford

KDK Options has opened up a spread trade in Ford. A July 28th $11.00 call option and a July 21st $11.00 put option has been purchased. The cost of the trade was $0.55 before fees and commissions. The expectation is that the price will reach $1.25. A stop loss point has been entered. Some of the reasons for the trade are below.

Technical Side 

- Triple bottom at $11.00.
- Near term reverse head and shoulders filling out to upside.
The probably that the stock will move to either $12.00 or $10.00 is likely given these technical indications mentioned above. 

Fundamental Side

- Monthly auto sales released next week

- Quarterly earnings due near the end of the month

- First Quarterly earnings for new CEO

Disclosure - Our partner KDK Fund owns shares of Ford. 


** 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 Ford

KDK Options purchased a September $13.75 call option. The price before commissions and fees was $0.48. The expectation is that the trade will end at $1.25. There has been a stop loss price figured out. Reasons for the trade are below:

- Ford releases earnings tomorrow. With a good report, the $14.00 resistance should be breached and $15.00 should be quickly reached.

- GM released good earnings and saw a 5% bump in their stock price. A similar move in Ford would take the stock up to $14.60 immediately, putting the option in the money by $0.90.
 
- The 15 day has moved above the 200 day for the first time in over a year



Our stock arm, KDK Fund (link here), owns shares of Ford.


** 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. **