The January $16.00 calls for IAU were sold on Wednesday and the position is closed Code Red. The calls were sold for $0.75 each. The reasons for the sale are:
- gap down into Code Red territory without clear reason
- technical pattern compromised
Previous options trades include 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.
Showing posts with label USO. Show all posts
Showing posts with label USO. Show all posts
Saturday, December 1, 2012
Monday, November 26, 2012
IAU Trade Continues; Status Code Yellow
The IAU January Call Trade is continuing. The status of the trade is Code Yellow. The Jan 2013 $16.00 call options are priced at $1.05. IAU is trading at $17.04. There are 7 weeks left until the option expires.
Previous options trades include 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.
Previous options trades include 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.
Monday, November 19, 2012
Don't Be Early On A Trade
Disclaimer ** This blog post is being written as a supporting document for the author trade correctly**
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.
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.
Bought Jan IAU $16.00 Call Options
January IAU $16.00 Call Options have been purchased for $0.95. The target price of the trade is $1.50. IAU is currently trading at $16.86. Reasons for the trade are:
- After election fall might be over
- Monetary stimulus continues
- Technical indicators (Elliott analysis) point to a rise in price
Previous options trades include 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.
- After election fall might be over
- Monetary stimulus continues
- Technical indicators (Elliott analysis) point to a rise in price
Previous options trades include 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.
Sold SPY Dec $138.00 Call
The SPY December $138.00 call trade was closed Code Yellow. The option was sold for $2.25. Reasons for the sale are:
- Huge run up in SPY
- Found another trade with less time value
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.
- Huge run up in SPY
- Found another trade with less time value
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.
Monday, November 5, 2012
UUP Option Trade Now Code Red
The UUP December $22.00 puts have been sold at a loss. The puts were sold for $0.18.UUP was trading at $22.13. Reasons for the trade are:
- The stop loss level was hit
- Confirmation of the breakout to the upside for UUP happened
- Price crossed technical SMA lines
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.
- The stop loss level was hit
- Confirmation of the breakout to the upside for UUP happened
- Price crossed technical SMA lines
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.
Saturday, October 27, 2012
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.
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.
Saturday, October 20, 2012
UUP Put Trade Continues; Code Orange
The December UUP $22.00 put trade is continuing into next week. The status of the trade is Code Orange. The option bid is currently at $0.35. UUP is currently trading at $21.81. The FOMC meeting is next Tuesday and Wednesday. It is currently expected that the meeting will create downward pressure on UUP. The target for the trade is still $1.00.
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.
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.
Wednesday, October 17, 2012
Bought Dec UUP $22.00 Put Options
Bought December UUP $22.00 put options for $0.50. UUP is currently trading at $21.65. The target price for the trade is $1.00. Reasons for the trade are:
- M formation in chart pattern
- Small time value attached to options
- QE/Euro strengthening
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.
- M formation in chart pattern
- Small time value attached to options
- QE/Euro strengthening
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.
Closed FXF Call Trade; Code Yellow
The November FXF $106 call option trade has been closed out at $1.40. FXF was trading at $106.73. The trade ended Code Yellow. Reasons for the trade are:
- Possible exhaustion gap
- Found another trade with higher profit potential
Previous trades include USO , IAU, PIN, SPY, XHB, 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.
- Possible exhaustion gap
- Found another trade with higher profit potential
Previous trades include USO , IAU, PIN, SPY, XHB, 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.
Tuesday, October 16, 2012
Bought FXF (Swiss Franc ETF) Nov $106 call options
Bought the November $106 call options for Swiss Franc ETF FXF. The price of the options was $1.05. FXF is trading at $106.25. Some of the reasons for the trade are:
- The trade is based on technical markers suggesting a W formation.
- The Fed is still going to pump more money into the system as inflation numbers came in very favorable.
- Europe is meeting on Thursday and Friday with Spain and Greece the focus. Possible EU purchases pending
Previous trades include USO , IAU, PIN, SPY, XHB, 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.
- The trade is based on technical markers suggesting a W formation.
- The Fed is still going to pump more money into the system as inflation numbers came in very favorable.
- Europe is meeting on Thursday and Friday with Spain and Greece the focus. Possible EU purchases pending
Previous trades include USO , IAU, PIN, SPY, XHB, 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.
- 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.
Monday, October 15, 2012
Bought XHB December $25.00 Calls
December $25.00 calls on XHB were purchased for $1.07. The ETF XHB was trading at $24.89 when the trade was made. The target for the trade is $2.00. Reasons for the trade are:
- Bullish comments from sources including Federal Reserve, Banks, Home specific retailers, and Home Builders
- Strong support at the $24.00 range.
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.
- Bullish comments from sources including Federal Reserve, Banks, Home specific retailers, and Home Builders
- Strong support at the $24.00 range.
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 Sold for loss; Code Red
The USO Nov $34.50 call has been sold for a loss. The trade status was Code Red. The option was sold for $0.88. USO was trading at $33.50 at the time. The reason for the trade is:
- It hit the stop loss price
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.
- It hit the stop loss price
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.
Friday, October 12, 2012
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.
- 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.
Thursday, October 11, 2012
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.
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, October 10, 2012
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 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.
Bought Nov SPY $145 put
The November SPY $145.00 Put was purchased for $2.99. SPY was trading at $144.20. The target price was $4.00. Some of the reasons why are:
- Another big bar looks likely with earnings coming up
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.
- Another big bar looks likely with earnings coming up
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.
Tuesday, October 9, 2012
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.
- 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.
Friday, October 5, 2012
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.
- 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.
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