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Top Trades for Tue, 09 Dec 2014 10:21

By phil
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AAPL/Jomp - I was just looking at them.  Our plan from the recent Top Trade Alert was to sell the 2017 $90 puts for $15, now just $9.60 (from $8.10 last week), so too early to pull the trigger.  

Speaking of Top Trades, our 12/3 trade was ABX and SLW - they haven't gotten away yet but gold is now over $1,230 and silver just popped $17 so our plays probably not too far behind.  

Wow, copper just leaped up to $2.94 - no idea why but, with the VIX at 16, FCX is fun to play at $24.95 by selling the 2017 $20 puts for $3 and spending $2 of those Dollars to buy the 2017 $23/28 bull call spread ($1.90 actually), so you still have a $1.10 credit (net $18.90 entry is worst case) and a potential $6.10 upside (554%) if FCX manages to make it over $28 by Jan 2017.  

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