Monday, December 24, 2012

New FXA $103.00 Put Trade

A trade has been made in FXA. The February $103 Put has been purchased. The option was purchased for $1.10. The goal for the trade is $3.00. FXA is currently trading at $103.80. Some reasons for the trade are:

- Risk off is bigger and bigger the longer that the US Fiscal Cliff keeps going

- FXA is technically overbought and a 2 month time frame major level of support of $100 is in reach

Previous options trades include FXYUSO 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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