SOLD -2 VERTICAL FCX 100 20 AUG 21 35/25 PUT @2.06 AMEX
Commodities have cooled down a bit from its recent highs, so it is time to open a bullish position in this copper company.
There are secular tailwinds that will increase the demand for copper in the world, so will be good to get some copper exposure.
The volatility is elevated, so we can get some decent premium too. Here doing a defined risk put spread with short put at 40 delta and bought long put $10 out.