Monday, October 15, 2012

USO Nov $34.50 call Sold for loss; Code Red

The USO Nov $34.50 call has been sold for a loss. The trade status was Code Red. The option was sold for $0.88. USO was trading at $33.50 at the time. The reason for the trade is:

- It hit the stop loss price

Previous trades include USO (call and put)IAU, PINSPY, 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. 

No comments:

Post a Comment