FXA Put Trade Over Code Red

The Feb FXA $103 put trade has ended Code Red. The option reached its stop loss price today as the ETF rose above $105.00 today.

Previous options trades include FXY, USO , IAU, PIN, SPY, XHB, FXF, 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.   

Don't Be Early On A Trade

Disclaimer ** This blog post is being written as a supporting document for the author trade correctly**

Benefits of Waiting For Confirmation Before Trading

One issue that has plagued the trading of the account is getting into a trade too early. Not waiting for verification of the price action has caused a couple of Code Red trades for the account.

When looking for a trade, sometimes there will be possibilities that are almost ready to trade. The price is almost where it needs to be. But there is a pretty good rule out there that tells the trader to wait until the price has completely gotten to the point needed before trading. Because of greed, some traders will ignore this rule. They think that since the trade is going to a certain point anyway, why not just purchase the options now. That way, they can save money on the price of the option and, if the trade goes well, make more money than previously projected. This account is no different.

But the result on a couple of trades (UUP put trade and USO call trade) has been the exact opposite. There was resistance and support. The trades went completely  in the other direction. Had the account waited until the correct price point had been hit, the account would have saved some money.

So remember to wait for your technicals to confirm the trade. It might cost you a few dollars right away, but could end up saving you many more dollars in the future.

New Trade in SPY December $138 Options

There is a new trade. December SPY $138.00 call options were bought for $1.81. SPY is currently trading at $136.37. The December $138 call closed trading today at $1.83. Reasons for the trade are:

- Bullish technical action today (Hammer candlestick, RSI change, bullish daily MACD change)
- Fiscal Cliff discussions going well
- Japanese Gov't announced more monetary stimulus

 Previous trades include USO , IAU, PIN, SPY, XHB, FXF, and FXC options. 

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. 

UUP Put Continues; Status Code Orange

The Decemeber UUP put trade continues into next week. The trade has increased by adding December $21.00 puts at a cost of $0.02 per contract. UUP is currently trading at $21.93. The December $22.00 put is trading at $0.25. The December $21.00 put is currently trading at $0.01. The target for the December $22.00 put contract is still $1.00. The target for the $21.00 contract is $0.15.

Previous trades include USO , IAU, PIN, SPY, XHB, FXF, and FXC options. 

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. 

XHB Dec $25.00 Calls Sold Code Yellow

The XHB December $25.00 call options were sold today for $1.31. XHB was trading at $25.28. The trade ended Code Yellow. Some of the reasons for the sale are:

- There was a quick run up in the etf due to housing numbers being released at 9:00 AM

- The profit opportunity in another trade allowed for the closing of this trade.

Previous trades include USO , IAU, PIN, SPY, and FXC options. 

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. 

USO Nov $34.50 Call Continues Code Orange

The USO November $34.50 call trade continues.  The status of the trade is Code Orange. The option is priced at $1.06. USO closed the week at $34.00. Some reasons for holding onto the trade are:

- Middle East tensions rising (all about Syria)

- USO having similar pattern when QE2 happened

- US economic conditions (especially housing) improving

Previous trades include USO (call and put), IAU, PIN, SPY, and FXC (calls twice) options. 

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. 

New Trade Buying Nov Calls in USO

Calls in the USO Nov $34.50 were bought today. The trade was made for $1.23 per call. USO is trading at $34.15. The target for the trade is $2.00. USO is currently trading at $34.20. Some of the reasons for the trade are:

- Oil looks to be forming a one month W formation

- Oil markets are very volatile right now  

- Weekly reports on IEA inventories comes out at 9:30 central time

Previous trades include USO (call and put), IAU, PIN, SPY, and FXC (calls twice) options. 

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. 

Sold SPY Nov $145 put

The SPY Nov $145 put has been sold for $3.44. SPY was at $143.40. The trade ended Code Yellow. Some of the reasons for the sale are:

- SPY moved into major support

Previous trades include USO (call and put), IAU, PIN and FXC (calls twice) options. 

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.  

SPY Option Trade Ended Code Yellow

The trade in the SPY November $146 Put has ended Code Yellow. The put was sold for $3.34. The SPY was trading at $144.50. Some of the reasons for the trade are:

- Big bar down on SPY before earnings season starts tonight.
- Taking profits before uncertainty
- Thoughts of SPY moving towards a zero day based on earnings.
- Since only a November Option, time value was lessening at a faster pace

Previous trades include USO (call and put), IAU, PIN and FXC (calls twice) options. 

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. 

New Put Trade in SPY; Bought Nov $146.

The November SPY $146 put has been bought for $2.54. SPY is currently trading at $146.00. the target on the trade is for $4.00. Some of the reasons for the trade include:

- A double top and an M forming technically
- Earnings releases beginning next Thursday sounding negative
- Jobs report has mixed results

Previous trades include USO (call and put), IAU, PIN and FXC (calls twice) options. 

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. 

FXC Option Trade Closed Code Yellow

The FXC Dec $100.00 call trade was closed. The status of the trade was Code Yellow. The option was sold for $2.40. FXC was trading at $102.01. Some of the reasons for the trade include:

- The rapid ascent of FXC
- Upcoming G20 meeting that was not known when trade was initiated
- Ability to have more cash for the upcoming week

Previous trades include USO (call and put), IAU, PIN and FXC options. 

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. 

New December $100 Calls Bought In FXC

The FXC Dec $100 Calls were bought for $1.94. FXC is currently trading at $101.19. The target for the calls is $3.00. Some of the reasons for the purchase are:

- FXC has come down from its recent high of $103.00 to support at $101.00
- The Canadian fiscal situation is fantastic relative to the US, Europe, and others
- Continued loosening by other central banks

 Previous trades include USO, IAU, PIN and FXC options. All the trades have been profitable. Take a look by clicking on the links!

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. 

USO trade ended Code Yellow

The Nov $34.00 put on USO was sold today for $2.12. USO was trading at $32.70 at the time of the trade. The trade status was Code Yellow. Some of the reasons for the sale of the put are:

- USO had big move down
- Time Value on option went from $1.70 when the trade started to $0.70 today.
- There is major support at the 32.50 level
- If it looks to break $32.50 a different call with a longer time period will be purchased.



Previous trades include USO, IAU, PIN and FXC options. 

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. 

USO Trade Still Open; Status Code Orange

The USO November $34.00 put trade is still open. The status of the trade is Code Orange. The put closed the week at $1.50. That is a drop of $0.30 since the trade was started. The USO ETF closed the week at $34.12. That is a rise of $0.26 since the trade started.

Previous trades include USO, IAU, PIN and FXC options. 

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. 

New Bearish Trade In USO

The November $34.00 Put option for the oil ETF USO has been bought. The price of the option was $1.81 before commissions and fees. The target for the option is $2.50. USO is currently trading at $33.86.


Previous trades include USO, IAU, PIN and FXC options. 

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. 

New Call Trade In India ETF PIN

Call Options were purchased on the Indian ETF symbol PIN. The December $18.00 call options were purchased for $1.15 before commissions and expenses. PIN is currently trading at $18.37. The target selling price for the option is $2.00.

Reasons for the trade include:

- Technical analysis suggests move to $20.00.

- Positive comments from their PM regarding the increased allowance of foreign investment in the Indian retail and aerospace industries.

- Recent central bank actions improve probability of rise in global stocks

Previous trades include USO options, IAU options, and FXC options.

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 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.