Monday, November 5, 2012

UUP Option Trade Now Code Red

The UUP December $22.00 puts have been sold at a loss. The puts were sold for $0.18.UUP was trading at $22.13. Reasons for the trade are:

- The stop loss level was hit

- Confirmation of the breakout to the upside for UUP happened

- Price crossed technical SMA lines

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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