Thursday, January 3, 2013

New Trade in QQQ

A new trade has been placed. Feb QQQ $71.00 call options have been purchased for $0.21. QQQ is currently trading at $67.22. The target price of the trade is $1.00. Some reasons for the trade are:

- technical breakout on the charts

- earnings season approaching (Apple, Qualcomm, Cisco, Microsoft) before expiration

- heavy percentage of QQQ are just a few companies (Apple, Intel, Qualcomm, Cisco, Microsoft)

- small capital expenditure for possible large gain

Previous options trades include FXY, FXAUSO IAU, PINSPY, XHBFXF, UUP, 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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