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...

United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out