Seeking Alpha
  • Energysystems
    Nice pop in $FCX.
    12/14/12
    Reply (8)
    • FortSumter: Bought as discussed with intention of selling covered calls. Hard to judge how fast it will move up to determine profitable strike. Ideas?
      12/14/12
    • neobliviscar: As usual, sold Calls a little early. I was aiming for 45 day return of about 5-7.5%. On a trading basis, I expect it to touch $34 some point
      12/14/12
    • Energysystems: Not sure about calls/options, I never play them. Bought for my portfolio. I expect further headwinds in shareprice in the near term though
      12/14/12
    • neobliviscar: Should it do so today, sell Calls around then. Strike of Dec/Jan $33, $34, or higher is your roll of dice. Instinct is Dec $33 =quick money.
      12/14/12
    • neobliviscar: Meant quick safe money. Dec $34 or $35 more of a gamble, but that is where the time decay is. I'm out to Jan more portfolio balance reasons.
      12/14/12
    • FortSumter: Sold Jan $34 for $1.03. We'll see what happens. Should be a pull back today and with time decay shoyld be money by monday.
      12/14/12
    • FortSumter: Oops. MIght have ben a little early. GOing back into beast mode.
      12/14/12
    • neobliviscar: You doubt the Ne'O? ;-) Ichiro for baseball and Ne'O for stock RBI.
      12/14/12