20 Option Ideas to Protect and Profit: Financials [View article]
Very interesting, but why not buy FCS and sell an at the money strangle on FCX out to Jan10. Collect about 8 on the call and 8 on the put. If called you make about 28% in six months. Your down side protection is 15%. You can also use part of the $16 premium collected to buy put protection several points below your break even price. You need 2 puts per position first to protect your first 100 shares and another to protect against an assignment of 100 FCX stock in case of a market meltdown.
20 Option Ideas to Protect and Profit: Financials [View article]
After AIG: Which Insurer Is Next in Line for a Federal Handout? [View article]