Stock Symbol: [private_monthly]FCX[private_monthly]
Option Strategy: diagonal put spread
Max Profit: $332
Max Risk: $405
Max Return: 82%
Profit Range: $0 - $96.33
Max Profit at: $90
Reasoning: We think Gold is pulling back here and we're taking advantage of the volatility around [private_monthly]FCX's[private_monthly] earnings
Trade Details:
[private_monthly]
Sell -1 FCX NOV10 90 PUT $3.55 ($355.00)
Buy 1 FCX DEC10 95 PUT $7.60 $760.00
Requirements
Cost/Proceeds $405.00
Option Requirement $0.00
Total Requirements $405.00
Estimated Commission $12.95
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Chart:
[private_monthly]
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