Wednesday, October 17, 2012

Bought Dec UUP $22.00 Put Options

Bought December UUP $22.00 put options for $0.50. UUP is currently trading at $21.65. The target price for the trade is $1.00. Reasons for the trade are:

- M formation in chart pattern

- Small time value attached to options

- QE/Euro strengthening

Previous trades include USO IAU, PINSPY, XHB, FXF, 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 and or futures options 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. 

No comments:

Post a Comment