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.
Showing posts with label UUP. Show all posts
Showing posts with label UUP. Show all posts
Tuesday, February 19, 2013
Friday, February 8, 2013
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, 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.
Friday, January 18, 2013
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.
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.
Saturday, January 5, 2013
Correlation Within Trading
Recently, the account was found to have two trades and a higher than alloted amount of capital with a high correlation. Puts were bought for FXA and calls were bought for UUP. The basis of the trades were the same, with expectation of a stronger dollar in the future. But making both trades was not the correct way to go and left the account in more danger than it should have been. Not surprisingly, the market took care of the mistake as the FXA trade moved into Code Red territory and the position was sold for a loss.
Finding the right correlation between trades is extremely important. Having a high correlation between many trades is a waste of capital as commissions will eat into profits. It can also leave you vulnerable to big moves in the opposite direction. Be sure to recognize and regularly review your trades' correlation levels when trading. If there is a high correlation between trades, be sure you understand why that added correlation risk is being taken on. If you do, then great. But if you don't, take action to remedy the situation.
**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.
Finding the right correlation between trades is extremely important. Having a high correlation between many trades is a waste of capital as commissions will eat into profits. It can also leave you vulnerable to big moves in the opposite direction. Be sure to recognize and regularly review your trades' correlation levels when trading. If there is a high correlation between trades, be sure you understand why that added correlation risk is being taken on. If you do, then great. But if you don't, take action to remedy the situation.
**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 4, 2013
UUP 22.00 Call Trade Continues Code Yellow
The March UUP $22.00 call trade is still being held. The status of the trade is Code Yellow. The call bid price is $0.23. That is a rise of $0.06 from last week. UUP is trading at $21.98. That is a rise of $0.20 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.
Friday, December 28, 2012
New Call Trade in UUP
UUP Mar $22.00 calls were purchased today. The price of the call option was $0.17. UUP is currently trading at $21.78. Reasons for the trade are:
- A triple bottom has been hit.
- Other currencies showing weakness
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.
- A triple bottom has been hit.
- Other currencies showing weakness
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.
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.
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.
Tuesday, November 6, 2012
New Addition To Worst Trades Ever
There had to be a full moon and there must have been a ladder walked under, a cat crossing the path, and an umbrella opened in the room. Because there is no other explanation for the mistake made on Friday.
It started with the UUP trade hitting the Code Red price and the ending of that trade happening. Hey, it happens. It is no big deal. The closing of this trade was the best part of the trading day. But what happened next was right out of crazyville.
As I was posting results on the Stocktwits account, it was noticed that Apple was getting a lot of attention for losing so much that day. It was after 2:30 Central Time. Why was Apple getting hammered so much? The price of the stock was around $576 at the time. A look at the options opened up a great opportunity; or so was thought. It showed the Nov 9, $580 calls selling for $0.03! Immediately 10 contracts were bought. The trade happened with less than 2 minutes remaining in the trading day. Major profits were on the way. But why were the options so cheap? The answer came on Sunday.
Doing research on Sunday revealed the truth. As the Optionsxpress account details page was opened, the Apple options were not in the positions section of the page. Where did they go? The quick answer is that they had expired. The options that were bought expired on November 2nd, not November 9th, as previously thought. Yes, you read correctly. Out of the money options were bought and expired within 2 minutes. The silver lining in this is that capital used for the trade did not surpass limits. At least something worked in the trade!
Here is the take away. Take your time to review your trade. Optionsxpress even has a preview trade before execution of the trade. It was completely ignored due to the time restriction. MISTAKE, MISTAKE, MISTAKE.
It started with the UUP trade hitting the Code Red price and the ending of that trade happening. Hey, it happens. It is no big deal. The closing of this trade was the best part of the trading day. But what happened next was right out of crazyville.
As I was posting results on the Stocktwits account, it was noticed that Apple was getting a lot of attention for losing so much that day. It was after 2:30 Central Time. Why was Apple getting hammered so much? The price of the stock was around $576 at the time. A look at the options opened up a great opportunity; or so was thought. It showed the Nov 9, $580 calls selling for $0.03! Immediately 10 contracts were bought. The trade happened with less than 2 minutes remaining in the trading day. Major profits were on the way. But why were the options so cheap? The answer came on Sunday.
Doing research on Sunday revealed the truth. As the Optionsxpress account details page was opened, the Apple options were not in the positions section of the page. Where did they go? The quick answer is that they had expired. The options that were bought expired on November 2nd, not November 9th, as previously thought. Yes, you read correctly. Out of the money options were bought and expired within 2 minutes. The silver lining in this is that capital used for the trade did not surpass limits. At least something worked in the trade!
Here is the take away. Take your time to review your trade. Optionsxpress even has a preview trade before execution of the trade. It was completely ignored due to the time restriction. MISTAKE, MISTAKE, MISTAKE.
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.
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