September 23, 2020 12:07 AM RSS

Sneak Peak Trade Of The Week

  • Wall Street Rebel | Geoff Garbacz
  • 03/14/2016 03:47 PM
Sneak Peak Trade Of The Week

New Trade In The Materials Space

We will buy puts on Freeport McMoran (FCX) and find the April $10 Put makes the most sense at this juncture after the run-up since the January low.

The put is worth $1.05 and FCX is at $10.01.


There is no limit to this trade and breakeven is $9.00 by expiration the third Friday of April. We will likely not be around by then. More comments on this trade later today or tomorrow morning.

Trade Instructions

Buy to open at the market the FCX April $10 Put. If you are trading $2,000 in value, then buy 18 puts for a cost of $1890.

Execute immediately as there are 15 minutes until the close.

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