Securing Premium With FCX Put Options Before Earnings

FCX has recent news about shareholder alerts.

Here is the put write: SELL -1 FCX 12 Dec 25 38.0 PUT Contract @1.19 LMT

If the stock closes above 38 on expiration, keep the premium.

If the stock closes below 38 on expiration, keep the premium and buy 100 shares at 38 for a cost basis of 36.81 per share.

Trade stats show win rate of 100.0 on 5 trades.Stock price is 40.12 with IV of 47.66.