The May $157 put options on SPY have been purchased earlier this morning for $1.05. Stop loss price is set. Goal for put is $3.00. Reasons for the purchase are:
- Chart top forming
- ADP numbers were not good
- Commodity selling before a FOMC (Federal Reserve) meeting
- Overall market negative sentiment growing
- Month of May is upon us
***Disclaimer - This is just speculation and not to be considered a recommendation to buy or sell anything. ***
Showing posts with label Trading Futures ETF Options. Show all posts
Showing posts with label Trading Futures ETF Options. Show all posts
Wednesday, May 1, 2013
Tuesday, April 30, 2013
S & P Price Projections (Both Higher and Lower)
The following price projections are for the S & P 500 in the next few weeks.
Positive - If there is a good jobs report, the S & P 500 ETF SPY will be headed to the $164.00 area. This is based on the pattern that the daily chart has shown since November of last year. There have been 3 up legs that were 9 points, 12 points, and 10 points from the low of a corrective leg to the high of the bull leg. The most recent low for the most recent corrective was $154.00. If the employment reports are positive, SPY will break past the current $160.00 resistance and follow through to $164.00.
Bearish - If the jobs report is negative, SPY will probably head back down to at least $155 support. Chances are good that SPY will move past $155 support and continue to $150 support. Sell in May and Go Away will most definitely be in effect if the jobs report is not good. It should also happen within a couple of weeks time.
***Disclaimer - This is just speculation and not to be considered a recommendation to buy or sell anything. ***
Positive - If there is a good jobs report, the S & P 500 ETF SPY will be headed to the $164.00 area. This is based on the pattern that the daily chart has shown since November of last year. There have been 3 up legs that were 9 points, 12 points, and 10 points from the low of a corrective leg to the high of the bull leg. The most recent low for the most recent corrective was $154.00. If the employment reports are positive, SPY will break past the current $160.00 resistance and follow through to $164.00.
Bearish - If the jobs report is negative, SPY will probably head back down to at least $155 support. Chances are good that SPY will move past $155 support and continue to $150 support. Sell in May and Go Away will most definitely be in effect if the jobs report is not good. It should also happen within a couple of weeks time.
***Disclaimer - This is just speculation and not to be considered a recommendation to buy or sell anything. ***
Friday, April 26, 2013
Time For A Market Correction
Is the market ready to correct? In regards to the S & P ETF SPY, there are some large signs in both the technical area and the fundamental area that the market is hitting a top and is ready for a correction.
On the fundamental side of the equation, earnings and overall economic activity might be taking a breather. Another eye opener is P/E ratios are rising at a clip that earnings growth is not matching. Continuous government blundering is also starting to attract appropriate attention.
Technically, alarms are going off all over the place. This second shot at $159.00 has been a failure. MACD, and RSI at multiple levels (3-month and 1 year) are at overheated levels. May to June the last couple of years has shown to be a down by 5%+ period. With the SPY, that is an approximate 7 point drop.
With all these things going on, a put trade of June $155.00 puts or some sort of put spread in the $157 - $155 range would be traded.
***Disclaimer - This is just an opinion and should not be taken as a recommendation. Do your own due diligence before trading or investing!***
On the fundamental side of the equation, earnings and overall economic activity might be taking a breather. Another eye opener is P/E ratios are rising at a clip that earnings growth is not matching. Continuous government blundering is also starting to attract appropriate attention.
Technically, alarms are going off all over the place. This second shot at $159.00 has been a failure. MACD, and RSI at multiple levels (3-month and 1 year) are at overheated levels. May to June the last couple of years has shown to be a down by 5%+ period. With the SPY, that is an approximate 7 point drop.
With all these things going on, a put trade of June $155.00 puts or some sort of put spread in the $157 - $155 range would be traded.
***Disclaimer - This is just an opinion and should not be taken as a recommendation. Do your own due diligence before trading or investing!***
Tuesday, April 23, 2013
Is CORN Getting Ready To Pop
The ETF CORN is currently hitting 8 month lows around the $39.00 level. But there is thinking that the story has a good opportunity to change directions in a hurry like last year.
For one, the weather is currently telling a troubling story. Most of the ground in the corn belt is too wet and cold to plant. Because of this, the same amount of planted corn might shrink this year. If the country goes through any sort of drought like last year, the chances of the price of corn rising to last year's level will be high.
Another reason why prices might rise is the that the level of reserves are going to be low this year. Not having as much reserves to sell is bound to affect the price during the summer.
Looking at the August call options would be the play right now. The CORN ETF does need to reverse above 42 before any action is taken. The time value is far enough off where it would not dwindle immediately. The move last year was violent. Even 50% of last year's move puts the price in the $46.00 level.
***Disclaimer - This is just an opinion and should not be taken as a recommendation. Do your own due diligence before trading or investing!***
For one, the weather is currently telling a troubling story. Most of the ground in the corn belt is too wet and cold to plant. Because of this, the same amount of planted corn might shrink this year. If the country goes through any sort of drought like last year, the chances of the price of corn rising to last year's level will be high.
Another reason why prices might rise is the that the level of reserves are going to be low this year. Not having as much reserves to sell is bound to affect the price during the summer.
Looking at the August call options would be the play right now. The CORN ETF does need to reverse above 42 before any action is taken. The time value is far enough off where it would not dwindle immediately. The move last year was violent. Even 50% of last year's move puts the price in the $46.00 level.
***Disclaimer - This is just an opinion and should not be taken as a recommendation. Do your own due diligence before trading or investing!***
Tuesday, April 2, 2013
Gold Looking Weak; Put Trade Possible
Research is showing that gold could be looking at a fall to the $1300 - $1400 dollar per ounce range in the next 3-6 months.
US economic output continues to stabilize and grow. This takes away some of the fear investment in gold. To go along with this economic improvement, the US Dollar seems to be in a stronger position which also has a transfer effect into the dollar from gold.
Technically, the chart is showing support at the $1500 level. But if level fails, look for the next support to come from the $1300 - $1400 level. Below is a barchart.com 5 year (weekly bars) chart for GLD which tracks gold.
Because there are both fundamental and technical indicators showing a possible fall, an alert is being created. A possible trade would be to purchase some puts or put spreads. Be sure to wait for the confirmation of the break of $1500 is recommended before taking any action. With stock trading, early birds get the worm far less often.
As always, these are just opinions. Please do your own due diligence before any trading or investing activity occurs.
US economic output continues to stabilize and grow. This takes away some of the fear investment in gold. To go along with this economic improvement, the US Dollar seems to be in a stronger position which also has a transfer effect into the dollar from gold.
Technically, the chart is showing support at the $1500 level. But if level fails, look for the next support to come from the $1300 - $1400 level. Below is a barchart.com 5 year (weekly bars) chart for GLD which tracks gold.
Because there are both fundamental and technical indicators showing a possible fall, an alert is being created. A possible trade would be to purchase some puts or put spreads. Be sure to wait for the confirmation of the break of $1500 is recommended before taking any action. With stock trading, early birds get the worm far less often.
As always, these are just opinions. Please do your own due diligence before any trading or investing activity occurs.
Friday, March 8, 2013
QQQ Strangle Continues; Status Code Orange
The March QQQ strangle continues. The status of the trade is Code Orange. The total value of the $70.00 call and $65.00 put is $0.08. QQQ is finished the week trading at $68.75. That is a rise of $1.41 from last week.
Previous options trades include FXY, FXA, 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.
Previous options trades include FXY, FXA, 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.
Saturday, March 2, 2013
QQQ Strangle Trade Continues; Status Code Orange
The current QQQ strangle trade continues. The status of the trade is Code Orange. The strangle consists of a March $70.00 call and a March $65.00 put. The current value of both positions is $0.24.
Previous options trades include FXY, FXA, 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.
Previous options trades include FXY, FXA, 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.
Tuesday, February 19, 2013
UUP $22.00 Call Trade Continues Code Orange
The March UUP $22.00 call trade still continues. The status of the trade is Code Orange. The call closed the week at $0.15. That is a rise of $0.03 for the week. UUP closed the week at $21.97.
Previous options trades include FXY, FXA, 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.
Previous options trades include FXY, FXA, 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.
QQQ March $70 Trade Continues Code Orange
The March $70.00 call trade continues. The status of the trade is Code Orange. The option bid closed the week at $0.13. That is a decline of $0.13 for the week. QQQ closed the week at $67.75. That is a decline of $0.24 for the week.
Previous options trades include FXY, FXA, 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.
Previous options trades include FXY, FXA, 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.
Friday, February 8, 2013
QQQ Call Trades Continue Code Orange
Both the February and March QQQ call trades are both still open. The status of both trades areCode Orange. QQQ closed the week at $67.99. That is a rise of $0.33 for the week.
The February $71.00 call bid price closed the week at $0.01. That is a decline of $0.00 for the week.
The March $70.00 call bid price closed the week at $0.29. That is a rise of $0.02 for the week.
Previous options trades include FXY, FXA, 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.
The February $71.00 call bid price closed the week at $0.01. That is a decline of $0.00 for the week.
The March $70.00 call bid price closed the week at $0.29. That is a rise of $0.02 for the week.
Previous options trades include FXY, FXA, 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.
UUP March $22.00 Call Trade Continues Code Orange
The March UUP $22.00 call trade continues. The status of the trade is Code Orange.
The call bid price closed the week at $0.12. This is a rise of $0.06 for the week. UUP closed the week at $21.91 That is a rise of $0.31 for the week.
Previous options trades include FXY, FXA, 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.
The call bid price closed the week at $0.12. This is a rise of $0.06 for the week. UUP closed the week at $21.91 That is a rise of $0.31 for the week.
Previous options trades include FXY, FXA, 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.
Friday, February 1, 2013
QQQ February and March Call Trades Continue Code Orange
Both the February and March QQQ call trades are both still open. The status of both trades are Code Orange. QQQ closed the week at $67.66. That is a rise of $0.66 for the week.
The February $71.00 call bid price closed the week at $0.01. That is a decline of $0.00 for the week.
The March $70.00 call bid price closed the week at $0.27. That is a rise of $0.03 for the week.
Previous options trades include FXY, FXA, 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.
The February $71.00 call bid price closed the week at $0.01. That is a decline of $0.00 for the week.
The March $70.00 call bid price closed the week at $0.27. That is a rise of $0.03 for the week.
Previous options trades include FXY, FXA, 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.
UUP Trade Continues Code Orange
The March UUP $22.00 call trade continues. The status of the trade is Code Orange. The call bid price closed the week at $0.06. That is a decline of $0.03 for the week. UUP closed the week at $21.60. That is a decline of $0.17 for the week.
Previous options trades include FXY, FXA, 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.
Previous options trades include FXY, FXA, 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.
Friday, January 25, 2013
March UUP $22.00 Call Trade Continues Code Orange
The March UUP $22.00 call trade continues. The status of the trade is Code Orange. UUP is currently trading at $21.77. The call bid price is $0.09.
Previous options trades include FXY, FXA, 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.
Previous options trades include FXY, FXA, 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.
QQQ Feb $71.00 and Mar $70.00 Trade Continues Code Orange
The QQQ call trades will continue. QQQ is currently trading at $67.00. That is a from last week. The status of the Feb $71.00 call trade is Code Orange. The call bid is currently trading at $0.01. The status of the March $70.00 call trade is Code Orange. The call bid is currently trading at $0.24.
The February trade ends on Feb 22. The March trade ends on Mar 15.
Previous options trades include FXY, FXA, 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.
The February trade ends on Feb 22. The March trade ends on Mar 15.
Previous options trades include FXY, FXA, 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.
Friday, January 18, 2013
QQQ March $70 and Feb $71.00 Calls Trade Continues Code Orange
The March $70.00 and February $71.00 call trades continues. The status of the trades are Code Orange. The Feb $71.00 call bid price closed the week at $0.04. The Mar $70.00 call bid price closed the week at $0.34. The ETF closed the week at $67.09.
The February trade ends on Feb 22. The March trade ends on Mar 15.
Previous options trades include FXY, FXA, 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.
The February trade ends on Feb 22. The March trade ends on Mar 15.
Previous options trades include FXY, FXA, 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.
UUP Mar $22.00 Call Trade Continues Code Orange
The UUP March $22.00 call trade continues. The status of the trade is Code Orange. UUP closed the week at $21.85. That is a rise of $0.11 from last week. The March $22.00 call bid price closed the week at $0.16.
Previous options trades include FXY, FXA, 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.
Previous options trades include FXY, FXA, 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.
Wednesday, January 16, 2013
March $70.00 QQQ Calls Purchased
March $70.00 QQQ Calls were purchased for $0.49. QQQ is currently trading at $66.89. The expectation of the trade is $1.50.
Previous options trades include FXY, FXA, 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.
Previous options trades include FXY, FXA, 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.
Friday, January 11, 2013
March UUP $22.00 Continues Code Orange
The March UUP $22.00 call trade is still being held. The status of the trade is Code Orange. The call bid price is $0.11 That is a decline of $0.12 from last week. UUP is trading at $21.74. That is a decline of $0.24 from last week. The option expires on March 15. The target of the trade is still $1.00.
Previous options trades include FXY, FXA, 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.
Previous options trades include FXY, FXA, 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.
QQQ Feb Call Trade Continues Code Orange
The Feb $71.00 QQQ call trade continues. The status of the trade is Code Orange. The call bid price is currently $0.11 That is a decline of $0.03 from last week. QQQ is currently trading at $67.26. That is an increase of $0.47 rise from last week. The option expires on February 15. The target for the trade is still $1.00.
Previous options trades include FXY, FXA, 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.
Previous options trades include FXY, FXA, 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.
Subscribe to:
Posts (Atom)