Tuesday, October 16, 2012

Bought FXF (Swiss Franc ETF) Nov $106 call options

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, PINSPY, 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. 

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