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, PIN, SPY, 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.