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 FXY, 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.