Saturday, December 1, 2012

Closed IAU Position For Loss

The January $16.00 calls for IAU were sold on Wednesday and the position is closed Code Red. The calls were sold for $0.75 each. The reasons for the sale are:

- gap down into Code Red territory without clear reason

- technical pattern compromised

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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