Update on Morgan Stanley Trade

The current Morgan Stanley trade will continue. The goal is still $2.00. The post for the original post can be found here. Some notes are below:

- Stock is hovering around its $47 support.
- Moved 1% off of it today
- It moved up to 50 within a week the last two times it hit $47.00.
- Falling below $47.00 should bring it to $45.00 quickly
- Weekly price has stayed within 2% since late July







** 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 Morgan Stanley

We have a new trade!

A Sept 28th $47 put and an Oct 5th $50.00 call have been purchased. The cost of the trade was $1.15 before fees and commissions. The expectation is that the trade will reach $2.00 by expiration. A stop loss plan has been initiated. Some reasons for the trade are below.

- A converging triangle is happening on the chart
- Earnings discussions and estimates are starting to happen.
- Federal Reserve decision coming up
- Downtrend banging on 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 **

Trade on Cisco Ended in Profit

The Cisco Sept 21st $46.00 call option has ended in a profit. The call was stopped out at $1.02. It was a bit of surprise that the option hit that price as it was as high as $1.31. The price drop of the option was a combination of the stock lowering a bit combined with the largest theta burn of the option to date.  Before trading opened, the time value was 0.70. At the end of trading, time value moved down to $0.50.

Sometimes, that happens. The price of the option moved down 30% to our stop loss and we are still walking away from the trade with a profit. Now we move 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 **