Bought the November $106 call options for Swiss Franc ETF FXF. The price of the options was $1.05. FXF is trading at $106.25. Some of the reasons for the trade are:
- The trade is based on technical markers suggesting a W formation.
- The Fed is still going to pump more money into the system as inflation numbers came in very favorable.
- Europe is meeting on Thursday and Friday with Spain and Greece the focus. Possible EU purchases pending
Previous trades include USO , IAU, PIN, SPY, XHB, 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.