Friday, November 16, 2012

New Trade in SPY December $138 Options

There is a new trade. December SPY $138.00 call options were bought for $1.81. SPY is currently trading at $136.37. The December $138 call closed trading today at $1.83. Reasons for the trade are:

- Bullish technical action today (Hammer candlestick, RSI change, bullish daily MACD change)
- Fiscal Cliff discussions going well
- Japanese Gov't announced more monetary stimulus

 Previous trades include USO IAU, PINSPY, XHBFXF, and FXC 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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