Monday, November 19, 2012

Bought Jan IAU $16.00 Call Options

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, PINSPY, XHBFXF, 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. 

1 comment:

  1. I really impressed by reading this article.Thanks for sharing.

    John Methew
    Options Trading