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Top Trades for Mon, 07 Nov 2016 15:16 – FCX

I'm thinking FCX makes a good add.  We do have 25 short 2018 $8 puts in the LTP and we sold them for $1.85 back in July, now $1.05 so let's just use those and add a bull call spread.  We can buy 25 2019 $7 calls at $5.30 and sell 25 2019 $12 calls at $3.20 is net $2.10 on the $5 spread so nice $2.90 upside is not a very exciting play but nothing wrong with $7,250 in pretty easy upside.  Also makes a nice inflation hedge and, as a new trade, your net is a credit if you sell the 2019 $10 puts for $2.65.

Speaking of easy money - LABU on the move:

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