Agree To Buy Freeport-McMoran Copper & Gold At $10, Earn 5.3% Using Options
December 06, 2017 at 11:26 AM EST
Investors eyeing a purchase of Freeport-McMoran Copper & Gold (FCX) stock, but cautious about paying the going market price of $14.26/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2019 put at the $10 strike, which has a bid at the time of this writing of 53 cents..