BAC Spread Trade Stopped Out

The BAC 32 call/27 put spread trade was stopped out on Thursday. The post for the original post is here. Some reasons for the trade ending are below. We are thankful that stop losses are put in each trade as they protect the opportunity to continue trading. On to the next trade!

- Market downturn brought price down to stop loss
- Time remaining on trade was less than 3 weeks
- Probability of price moving to amount needed for gain reached a low.


 ** 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 Trade in FXY

Hello

KeaneVCC has made a trade with Japanese Yen. March 2nd $89.50 put was purchased. The price paid for the put was $0.30 before commissions and fees. The expectation is that the put will be $1.00. There isn't a stop loss on this trade. Reasons for the trade are below.

- Yen is at a Big Resistance point

- Lots of dollar talk with the Federal Reserve

- Price of option provides an opportunity

** 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

Yesterday, a spread trade in Bank of America $BAC was opened. A $32 call/$27 put spread expiring on March 16th was purchased for $0.85. The expectation is for the trade to get to $1.50. A stop loss has been created for the trade. Some reasons for the trade are below.

- steep drop with long bullish tail on Friday
- price on the 50 day average
- Market Volatility high


** 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 **

FXC Canadian Dollar Trade Ends in Profit

The spread trade in the Canadian Dollar for $FXC has ended in a profit. The trade sold for $0.90. That is a gain of $0.25 before fees and commissions. Portions of the profits will go to investors, KeaneVCC's charity, taxes, and back into the fund. The link to the purchase blog entry can be found here. Reasons for ending the trade can be found below.

- Trade was in a profitable spot
- Expiration of the option was next Friday
- Other opportunities are coming up that can use that capital

** 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 Trade in FXC

A new straddle trade in the Canadian Dollar (symbol FXC) has been made. A $81.00 call option and $79.00 put option has been purchased. Both options expire on Feb 16th. The expectation is that the trade will reach $1.50. A stop loss price has been set. Some reasons for the trade are below:

- State of the Union tonight

- Recent Volatility in Currencies

- Oil Prices rising

- Fed meeting this week

- Price at resistance level ($80.00) for over a 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 **

UUP Trade Closed With Profit

The most recent UUP straddle trade (link here), has been closed for a profit. The trade closed for a price of $0.70. That is a profit of $0.33 before commissions and fees. Reasons for the trade are below.

- The underlying UUP made a large move down today
- Expiration was within 10 trading days

A portion of profits will go to investors, charity, taxes, and back into the trading account.

** 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 UUP

A new trade in UUP has been entered. A Feb 2 $24 spread trade has been purchased for $0.38 before commissions and fees. The goal of the trade is $0.80. A stop loss has been entered. Some reasons for the trade are below

- UUP crossed lower than $24.00

- Next support is $23.66.

- Likely rate rise not until March as all of last year's rate raises were during meetings that also had a press conference by chair as well as a summary of economic projections

- A reversal going higher will be quick with economic items like GDP and rate rise dates happening before expiration date.

- Euro is hitting resistance 

** 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 **