Monday, December 3, 2012

Bought FXY Jan $118.00 Puts

The account has purchased FXY January $118.00 put options. The purchase price was $1.10. The target for the trade is $2.00. FXY is now trading at $119.15. Reasons for the trade are:

- Upcoming elections that will most certainly contain more stimulus measures.

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.  

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