Monday, August 27, 2012

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.

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