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Freeport-McMoRan Inc. Message Board

  • bluefalcon111111111 bluefalcon111111111 May 3, 2013 12:02 AM Flag

    How about may and june call options....expire before stock goes XD

    Any opiunions? I have some of both.... but my luck has been so bad in market that im lost.... the june calls should be active during settlement of mmr pxp deal finalization in end of may.

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    • I understand about the luck. I've heard that most calls expire worthless, None the less, I bought the june $30 calls last week and have a sell in for an equal amount of out of the money calls. My thesis was that as the uncertainty of the deal diminished, we should see some price appreciation. If I could lower my cost basis by selling calls, I am more than fine capping the upside.

      As for a dividend play, I am considering selling covered calls this qtr to keep the div and earn a little on the premium.

    • I dont know about options.I am invested long term for fundamental reasons.I think Sprint and Clearwire are being bought out maybe there is an oppurtunity to make some quick money with those stocks.

      Sentiment: Buy

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