New trade – FCX

Freeport McMoRan (FCX)

Bear Call spread

BTO 1 FCX Feb18 2012 42.00 Call
STO 1 FCX Feb18 2012 39.00 Call

Price: limit credit $1.20

Max risk: $180
Max gain: $120 if price stays below $39 at expiration

Update:
01/10/2012 – filled @ $1.2 ($120 credit)





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