I forgot to mention that on the 3Q FCX slide deck, they were hedged on their oil (production) for 4Q and for - all - of 2015. For 4Q they were long oil $90 puts with hedge floor $70.
The short on FCX has become a crowded trade. I expect a very respectable 4Q earning report coming up from FCX (gross margin stable to slightly higher). Best to cover now if you're short reddog
What's going on, with Call volume on fire in 20 March trading. Shorts getting ready to cover FCX, to mid 20's ?? Also when will FCX make the 2Q dividend decision?
Agree Schwab is fine. I did get scammed in French tax ADR trading fees for TOT in Merril Lynch account. 15% div tax in Schwab taxable account and no ADR trading fee, for TOT ADR.
Yes, per FCX 3Q Earnings Report, Copper production cost of $1.93 is correct, but there are NO additional costs on this number. I don't know what oil cost this $1.93 was based on?
A Weds decision, based on what ? Thanks
I'm pretty certain, the tax date is the sale date, and not the 3 business days later settlement date.