In this video we do a top down technical analysis on FCX. We start with the 5 year weekly chart and work our way to six month chart. We are looking to establish the long term trend and where we are in that trend. Our technical analysis and our option strategies are designed to work together. To give you the best probability of success.
We also look at four trades that we have in the portfolio right now AMZN, AAP, GLD, and MCD. In the last section of the video where we take a look at the current p&l for these trades. Take a look at the Theta for this portfolio its a positive .43. What makes this interesting is that 3 trades are Debit Spreads which start with negative Theta, we only have one Credit Spread which is on AMZN and you can see that one positive Theta trade neutralizes the other three trades.
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FCX Top Down Technical Analysis
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