BobBilkovski

Put premium selling opportunity in FCX

NYSE:FCX   FREEPORT-MCMORAN INC
I am by no means an expert programmer or technician, but what I have been noticing with FCX             is a relatively consistent pattern where option premium sellers have a great opportunity for enhanced success.

Rules:
- On a 4 hour chart with Keltner channels , Bollinger Bands in the upper indicator and CM_WVF_v3_Ult in the lower indicator
1) When CM_WVF is in GREEN, and
2) Price is outside the KC
3) When price reenters the KC initiate the following transaction:

Sell Put or Put spread with the closest strike at the lower Bollinger Band . Days to expiry = 30 days
Within the past 6+ months, that signal has occurred 5 times with all expiring OTM, and once was there a touch.

The setup in FCX             is near again - Green CM_WVF and price is outside the KC.
Stay tuned...

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out