Bought Nov 100 FCX at 4.
Reason: Gold and copper have momentum before the Fed meeting. Dollar is gonna be weakening further. Bernarke's comment on trade surplus on Sep 11. Economy is supported by export and consumer spending, offsetting the slump in housing. Making dollar cheaper is advantageous for export. This trend is gonna continue for a while.
FCX is one of the leading companies in copper and gold producing.
Chart looks ok. There is a cross candlestick on the daily chart I bought the option (September 12). And the price is consolidating when it breaks 92 twice. It looks more like a continuation than a reversal.
Sold OVTI Sep 20 PUT at 0.6.
Reason: I am willing to pay 19.4 for OVTI shares.
Sold APPL Sep 150 call at 2.25.
To hedge the long-term APPL holding.
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