Tuesday, July 17, 2012

7/17 Options Action $FCX

really odd trade covered during the options action segment on fast money today, heres the clip FCX clip
selling the Nov 30 puts and buying twice as many july32puts... you dont see that often.. so this trader is thinking stock moves down on earnings this week.. but will stay above 30 at nov opex. seems like trying to thread the needle and seems overly complicated.  there are simplier trades to do IMO to take a short term bearish position.

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