the down arrows for your post (and mine) must be from one of the DumbocRATs like Markp(ussy) who is ruled by Scott Walker!!! or Tammy the Tampon Queern
I dunno Joe, but my straddles and strangles using the weekly options has been paying off HUGE! My guess is that it will still go lower in the long run but today is a bounce day. The question is....can it bounce to 35?
barack, watch out....you will incur the wrath of all the DumbocRATS who have their heads firmly tucked up Comrade Oscumbag's butt. Markp(ussy), Tammy the Tampon Queern and the rest of the hobos will be after you!!!
Jaime, I hope you took advantage of the small rise this morning and sold your Dec 35 calls. I doubled down on my puts when they dropped to 39 cents and then sold the double at 63 cents just before the close. Still holding a strangle with some monthly Dec 36 calls and some Dec 6 35 puts. Looking for some volatility next week.
you are correct Jaime. I have been employing a hedging strategy with FCX for the past few months with great success. I have opened and closed several strangles and straddles. Going into today's trading, I owned 24 FCX Dec (monthly) 36 strike calls and 24 Nov 29 35.50 puts. The puts went from 24 cents this morning to over $1 when I closed them out. I still own the calls (dropped 26 cents today) and opened puts for next Friday 12/6 35 strike price for 62 cents late in the day.
hey UniJism, aka suckface, how's MTL doing??????
BWAHAHAHA....recommended by UniJism at $3.37.....now $2.06 and, as Mr. Otis said...."going down!!!"
MMs will control FCX this week with low volume. Do they want FCX to close at 35 or 36. My guess is between 35.50 and 36. Look at 36 call strike price for 11/29 options.