I actually have a long equity position in FCX. I wonder what the OP's reasoning was for buying the puts.
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freeport-mcmoran
- Thread starter Ms Varima-Garch
- Start date
Quote from Ms Varima-Garch:
ok thanks for your input traders. great thread, great input!
i've made a directional, bearish bet against this financial instrument, with august at-the-money puts (spreads), with actual money, not a paper trade.
it's an irrational move not based on anything in particular. i'm basically keeping my fingers crossed
i'm now trying to analyze my psychological motives for having done the trade. the only explanation for this irrational trade is too much coffee in the morning . ..
it's a 50/50 bet, because looking at some technicals it feels like there's indecision in the investing community about this stock . . .
i don't have an exit strategy, and i don't have a profit target. i know it's stupid, but at least it's honest.
i know the probability of making some money is relatively high. and i still have some time to be wrong.
in any event, good luck everyone, and control those emotions!
too many of you are just too emotional about all this
closed the FCX bear put spread for a loss. the stock is not going anywhere, and i'm out of patience.
A very "clever" trade, shows what an insightful trader you are!
Thank you for sharing your great wisdom with us ! LOL
BTW, Mark Mobius says now is the best time to be long emerging markets and commodities
Thank you for sharing your great wisdom with us ! LOL
BTW, Mark Mobius says now is the best time to be long emerging markets and commodities
this is the same "trader" who had their pump and dump penny stock thread removed 2 days ago. Totally clueless. I've been long FCX and short BHP for the last 6 months. There was a huge fundamental and technical edge in that trade, and so far it is the best performer of the year.
Quote from samueldoernte:
this is the same "trader" who had their pump and dump penny stock thread removed 2 days ago. Totally clueless. I've been long FCX and short BHP for the last 6 months. There was a huge fundamental and technical edge in that trade, and so far it is the best performer of the year.
i have a very strong urge to kick you in the balls, but i saw a couple of your other posts and what you say makes sense, so i'm going to pass. plus there is a rebuttable presumption that pairs traders are clever.
being long FCX doesn't make you clever per se (look at hidden agenda, who long FCX and a total fool whose favorite book is market wizards), but if your trade worked my congratulations
i think it's only fair if people admit their mistakes, which is what i did in MY thread here, called "freeport-mcmoran." it's better than pretending you never lose, and thus misleading other people.
Quote from HiddenAgenda:
A very "clever" trade, shows what an insightful trader you are!
Thank you for sharing your great wisdom with us ! LOL
BTW, Mark Mobius says now is the best time to be long emerging markets and commodities
i thought the options section was for adequate people, people who actually THINK, not who let meubios think for them.
so what are YOU doing here?
If you take a trade and have no reason for it, you deserve to lose. You can do everything right and research the heck out of your trades and still lose. If your edge in the trade is not quantifiable, to me it is wrong to initiate the trade.