New Trade In IAU (Gold ETF) Options

A new trade was started today. October $16.00 call options on the gold ETF IAU were purchased for $0.55 before commissions. The target price is $1.00. IAU is currently trading at $16.25. Reasons for the trade include the following:

- A confirmed breakout

- Upcoming speculation on stimulus by global central banks (US, European, and China).

If a more conservative way to invest or trade is more to your liking, don't forget to check out Sell The Call and its coverage of all things covered calls!

**Disclaimer** - This is just trade information. It is not a recommendation to buy or sell any of the securities mentioned in this blog. Do your Due Diligence before any trading or investing. Previous trades posted on this blog include USO.

USO trade finished Code Yellow

The USO trade has ended. The October $35.00 call option was sold for $2.43 before commissions and fees. The price of the USO ETF was at $36.37. The trade ended Code Yellow.

Some reasons for the sale:

- Decrease on the time value of the option was moving quicker than increase of intrinsic value of option.

- Brent has reached above $97.00

**Disclaimer** - This is just trade information. It is not a recommendation to buy or sell any of the securities mentioned in this blog. Do your Due Diligence before any trading or investing.

Current Status of USO trade Code Yellow

The USO trade is still currently on. The status of the trade is Code Yellow. USO closed the week at $35.95. That is a rise of $1.12 for the week. The October $35.00 call bid price closed the week at $2.29. That is a rise of $0.61 for the week.


 **Disclaimer** - This is just trade information. It is not a recommendation to buy or sell any of the above securities. Do your Due Diligence before any trading or investing.

Status of USO trade

The status of the USO trade is currently Code Orange. The price of the ETF closed the week at $34.83. The October $35.00 option bid price is closed the week at $1.68. The price target of the option is still $3.20. The trade will ultimately end on October 19.

Crude Oil is currently trading around $92.00 a barrel. Economic reports this past week showed lower inventories that expected. The jobs report for July also showed a gain in jobs for the month of November of 163,000. It looks like it passed a resistence level at 91.00 and could move to $99.00 a barrel.

**Disclaimer** - This is just trade information. It is not a recommendation to buy or sell any of the above securities. Do your Due Diligence before any trading or investing.

New Trade in USO

There has been a new trade in USO. It is an Crude Oil ETF. The account has purchased October $35.00 call options. The account paid $1.68 before commissions and fees. The price target for this trade is $3.20. A stop loss price has also been decided but will remain unannounced until after the trade is finished.

**Disclaimer** - This is just trade information. It is not a recommendation to buy or sell any of the above securities. Do your Due Diligence before any trading or investing.

Trade Status Color Codes

For each trade, a color code will be assigned as to designate its status. The colors are below:


Code Green - This status means that the trade is profitable past the target set. Once this happens, the trade's stop loss will be moved up.

Code Yellow - This status means that the trade is profitable, but has not yet has reached the target price. The stop loss will move up to the cost basis of the trade.

Code Orange - This status means that the trade is below the cost basis but above the stop loss.

Code Red - The trade has hit the stop loss and is now over.

Welcome to Trading Futures Options

This blog has been created to follow a futures options trading account. ETF options will also be used when necessary to execute a trade.