Friday, October 5, 2012

New Put Trade in SPY; Bought Nov $146.

The November SPY $146 put has been bought for $2.54. SPY is currently trading at $146.00. the target on the trade is for $4.00. Some of the reasons for the trade include:

- A double top and an M forming technically
- Earnings releases beginning next Thursday sounding negative
- Jobs report has mixed results

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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