Wednesday, October 10, 2012

Bought Nov SPY $145 put

The November SPY $145.00 Put was purchased for $2.99. SPY was trading at $144.20. The target price was $4.00. Some of the reasons why are:

- Another big bar looks likely with earnings coming up

Previous trades include USO (call and put)IAU, PIN and FXC (calls twice) 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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