Hamzei_Analytics · @HFT_StockOption
17th Apr 2013 from TwitLonger
April 17, 2013
Freeport McMoRan (FCX)
Bias: Bearish
Price Target: $26
We are bearish on FCX and we want to purchase a put vertical to take advantage of the possible move lower.
BUY To OPEN 4 Apr-20 FCX 28 Puts trading at $0.86
SELL To OPEN 4 Apr-20 FCX 26 Puts trading at $0.18
FCX is now trading at 27.68
This spread is now trading at $0.68
The Total Debit for this trade is $2.72
Day Order Only