Today, the trade in the December $18.00 call options is over. The trade ended Code Yellow. The Options were sold for $1.25. PIN is trading at $18.70. Some of the reasons for the trade are:
- There are political and economic matters that has created uncertainty over the trade. Some of the matters were not known before the trade was made, which is
- There was a lack of confidence in the the trade due to this uncertainty.
- The fast run up of PIN
- Selling at a small profit is a bonus for this trade given the uncertainty.
Previous trades include USO, IAU, and FXC options.
If a more conservative approach is more to your trading style, Trading Futures ETF Options also follows Sell The Call, a blog covering all things covered call.
**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.