NaughtyPines

OPENING: FCX MARCH 20TH 12 SHORT PUT

Long
NaughtyPines Mis à jour   
NYSE:FCX   Freeport-McMoRan, Inc.
... for a .57 credit.

Notes: High rank/implied with earnings. Going with a Plain Jane Wheel of Fortune short put here, as I did with BBBY. (See Post Below). Break even/cost basis in shares at 11.43.
Transaction en cours:
Rolling the March 12 to April for a .19 credit and selling the April 12 call against for .26, so that I now have an April 17th 12 short straddle on with a scratch point of 1.02.
Transaction en cours:
As with my X, I'm going to get assigned shares here with a cost basis of 10.98. Selling the May 9's against in preparation for assignment/covering for .27. Cost basis of 10.71. Again, not ideal having to sell below cost basis.
Transaction en cours:
Finishing below the short put strike at expiry, so I will be assigned shares with a cost basis of 10.71 covered by the May 9's.
Transaction en cours:
Rolling the May 9's to the June 9's on strength for a .35/contract credit with a cost basis of 10.36.
Transaction en cours:
Rolling the June 9's to the November 10's for a .55/contract credit; cost basis of 9.81.
Trade fermée manuellement:
While I could naturally wait all the way until November for my .19 ($19) of profit (assuming it stays above 10 for all that time), covering here for 9.42 instead, a small .39 ($39)/contract loser.
Clause de non-responsabilité

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