Seeking Alpha

  Freeport-McMoRan Inc. (FCX) - NYSE

  • FortSumter | Send Message 28 Dec 2012

    $FCX Closed my Jan $34 covered calls at $0.60 from a $1.03 sale (+40%). If stock drops much more, may need to sell to protect profits.
    Reply (2)
    • Ocean Man | Send Message 29 Dec 2012
      : That's the way to work those calls!
    • FortSumter | Send Message 29 Dec 2012
      : It's weird. You hope the stock goes up but not too much or hope it goes down to buy back and then go up. Have ur cake and eat it too.
      FCX vs. ETF Alternatives
      Company Description
      Freeport-McMoRan Inc, formerly Freeport-McMoRan Copper & Gold, deals in the mining of copper, gold and molybdenum.
      Industry: Copper
      Country: United States