Selling FCX puts for income.
A global shortage of natural resources is driving prices higher. FCX will is a beneficiary and should have pricing power for copper and other resources produced.
- Sell (to open) 2 FCX November 19th $37 puts
- Limit: $1.35 or more
- The new position will represent roughly 7.3% of our model.
- 15:55 Executed
- Sold FCX Nov 19th $37 Puts @ $1.40