Saturday, September 15, 2012

Loonie Trade Closed Code Yellow

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.

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