John,
Interesting you mention FCX. I always keep an eye on this one. On Friday I entered a cc on it. Bought FCX at 74.80 and
sold the Feb 75 for 3.70. I'm hoping to be called out but realize that I will need to protect my hidquarters on this one. I'll exit the position for a loss if it goes into the low sixties. If it rises into the upper severnties or above I may palce a protective put on this cc to collar it.
Michael
www.safe-options-
--- In ConservativeOptionS
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> Since I still queasy about this put stuff, the feb 70 FCX put looks quite tasty at $2.10. Especially since the previous post opined expecting to get assigned on his $74 purchase and sale of a $75 option.
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> Its not like FCX is some fly; by night company!!
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> Any opinions?
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