Yesterday, the trade in the FXC December $101.00 call option trade ended Code Yellow. The options were sold for $2.50. That gave a profit of $0.65 before commissions and fees. FXC closed the day trading at $102.39. Some of the reasons for the sale were:
- FXC rose very quickly this week.
- Time value on the option was disappearing faster than previously thought.
- Spreads on the option were wide suggesting low interest.
- It's always good to to make a profit when you think it is enough!
Previous trades include USO options, and IAU 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.