Week's (Aug 10-14) Metrics and Notes (Tower Semi, Workhorse, Oil, Banks)

 Here are this week's metrics and notes. 

Metrics

Date Entry	Security	Type	Cost	Date Sold	Amount Received	Per Contract / Share Result
7/24/20	TSEM	Aug 14 $29 Call	$0.12	8/14	$0.00	-$0.12
8/10/20	WKHS	Aug 14 $25 Call	$0.05	8/14	$0.00	-$0.05
8/11/20	USO	Aug 21 $32 Call	$0.15	8/14	$0.05	-$0.10
8/11	XLF	Aug 21 $27 Call	0.08	8/13	0.02	-$0.06

Notes

- All of this week's trades ended on the negative side. Tough week. 

- This included buying a call expecting earnings the next day that had already been announced. 

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

Last Week's Jan 6-10 Results (USO, SPY, VXX)

The account had the following results for trades last week. Please note the following:

- The number of contracts are not mentioned.
- The percentage at the end is an average of the trades for the week.

Date Entry	Security	Option	Cost	Date Sold	Amount Received	Per Contract Result	% result
Jan 3	USO	Jan 17 $14.00 Call	0.06	Jan 6th	$0.09	$0.03	50.00%
Jan 6	VXX	Jan 17 $16.50 call	0.3	Jan 6th	$0.19	-$0.11	-36.67%
Jan 6	SPY	Jan 10 $327.00 Call	0.21	Jan 8th	$0.32	$0.11	52.38%
Jan 9	SPY	Jan 10 $327.50 Call	0.21	Jan 10th	$0.30	$0.09	42.86%
Total						$0.12	27.14%

 Notes on the trades
1) The USO trade was a play on the heightened tensions with Iran

2) The VXX trade was a play on the heightened tensions with Iran

3) The Jan 6th SPY trade was a play on a technical bullish cross.

4) The Jan 9th SPY trade was a play on the jobs report.

5) All 4 trades were sold because of stop pricing being put in.

** 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 **

New Spread Trade in Oil ETF USO

A new spread trade in oil ETF USO has been made. A May 3rd $13.00 call and put were purchased. The cost of the trade was $0.74 before fees and commissions. The goal of the trade is $2.00. Stop loss pricing has been instituted. Some reasons for the trade are below.

- Increased volatility in the oil market
- production cuts continue to be in the market
- geopolitical actions taking place in oil sensitive countries like Libya
- economic slowdown continues to be echoed
- time for earnings

We also have a call trade on $SQQQ. The blog on that trade can be found 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. If you would like up to the moment communication on KDK Options trades, email at kdkoptions@gmail.com **

New Call Purchase in USO

KDK Options purchased an October $10.50 call option last week. The cost of the option was $0.22. The goal of the trade is $1.00. The expectation is for USO to get to $11.50. There is no stop loss as the trade was such a low cost. Some reasons for the trade are below:

- Oil looks to be on an uptrend
- Option cost is low
- Escalation of military operations around the world
- Economies in China and US continue to grow
- Hurricanes Harvey and Irma



 ** 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 **

USO Spread Trade Profit

by Michael Keane

The USO spread trade ($12.00 April call and $11.00 April put) has ended with a profit. The trade was closed at $0.86 before commissions and fees. That is a profit of $0.46 or 115% before commissions and fees. KDK Options entered the trade (link here) at $0.39. 

Portions of the profits will be going to charity, investors, taxes, and back into the account.

On to the next 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 **

Week In Review (USO, JP Morgan, more)

This week there was a purchase of  JP Morgan August $60.00 call options. The post for the purchase is here. There were no sales this week.

USO - The July $40.00 call is still being held. It is still out of the money. The action in Iraq as well as 2nd quarter GDP numbers continue to put upward pressure on the price of the ETF. The expectation is for the USO to reach $41.00. The goal of the option is being brought down to $1.00.

JPM - The August $60.00 call is still being held. It is still out of the money. The stock keeps pushing up against resistance at the $58.00 level. We believe that earnings will carry the stock price into the $61-$62 range.

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. ** 

Week In Review ($USO, more)

There were no purchases or sales this week. The financial industry is looking good for a possible call purchase through XLF ETF or one of the banks.

USO

KDK Options is continuing to hold its July $40.00 call options. Currently, the price of USO is $39.10. The continuing crisis in Iraq is giving some support to the price. The economy is also moving forward having some effect on supplies. If refineries in Iraq are taken off line, the likelihood of a spike in oil prices is high.

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. **