January IAU $16.00 Call Options have been purchased for $0.95. The target price of the trade is $1.50. IAU is currently trading at $16.86. Reasons for the trade are:
- After election fall might be over
- Monetary stimulus continues
- Technical indicators (Elliott analysis) point to a rise in price
Previous options trades include USO , IAU, PIN, SPY, XHB, FXF, and FXC.
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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John Methew
Options Trading