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, PIN, SPY, XHB, FXF, 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.