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, PIN, SPY, XHB, FXF, 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.