Call Options on COF on 8/2/2021

Capital One Financial Corporation (COF) operates as the financial services holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, Canada, and the United Kingdom.  

It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

The company accepts checking accounts, money market deposits, negotiable order of withdrawals, savings deposits, and time deposits. Its loan products include credit card loans; auto and retail banking loans; and commercial and multifamily real estate, and commercial and industrial loans.

The company also offers credit and debit card products; online direct banking services; and treasury management and depository services.

It serves consumers, small businesses, and commercial clients through digital channels, branches, cafés, and other distribution channels located in New York, Louisiana, Texas, Maryland, Virginia, New Jersey, and California. 

Shares have formed a bullish "wedge" and are expected to move higher out of this formation.

We will be trading August 20th Call Options

Last Trade: $161.70

Trading Range: $62.26 to $168.00

Trade Buy 1 August $160.00 Call at $5.15 For a net debit of $5.15 Profit/Loss Analysis Breakeven at $165.15 Maximum profit is unbounded Maximum loss is ($515.00) at strike of $160.00 Closing Summary Sold 1 August $160.00 Call at $10.00

Position closed on 8/19/2021 at price of $10.00 with a 94.17% gain in 17 days.

Updates

8/19/2021 10:24:01 AM

COF call options closed

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