Option Trade Of The Day
Source: http://feedproxy.google.com/~r/StocksOptionsBlog/~3/Z8hwmaKple8/Posted on Thursday, March 5th, 2009 | In Stocks to Watch
Contributed by: Daniel Shepard (http://www.navivest.com/blog) -
Thursday March 5, 2009
Navivest
THE STOCK: Freeport McMoRan. (FCX) $31.95
THE TRADE:
Buy the Freeport McMoRan MAR ‘09 $30 puts.
Option Symbol: FCX OF.
Current Options Price: $1.65 – $1.75.
TRADE RATIONAL:
Stocks are giving back all of yesterday’s gain, so we buying puts on FCX.
Enter here up to $2.10. The stock has not moved much yet, so get in now. Once again, we will be looking to exit early with 10-20% gains, so trade enough contracts. Put in a limit order to exit at $3 once the trade goes through.
For trade follow-ups and a free two week trial to The Options Capitalist, click here.
Last 5 posts by Daniel Shepard
- Trade Recommendation For 10/15/09 - October 14th, 2009
- The Technical Trader – Coca-Cola FEMSA - October 14th, 2009
- Cisco To Acquire Starent - October 13th, 2009
- Stock Market Report – 10/13/09 - October 13th, 2009
- Stock Market Report – 10/13/09 - October 13th, 2009
 About Daniel Shepard (http://www.navivest.com/blog)
Daniel Shepard is an Equity Analyst with Navivest, a stocks and options trading advisory services company that provides trading ideas on a subscription basis. |
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