Terra_Incognita
10-15 00:08

$FCX 20261023 77.0 CALL$ FCX: take profit. 

Hit profit target of 70% for this covered call so I'm taking this off the table and selling a fresh setup. 

The underlying stock however is taking a hit for the past 3 days and down 5.5% for the week. 

Overall profit from selling these calls, but holding a larger paper loss on the stock.
FCX CALL
10-14 22:03
US20261023 77.0
SidePriceRealized P&L
Buy
Close
0.26+69.74%
Closed
Freeport-McMoRan
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  • fishhhh
    ·10-15 00:13
    IV matters more here — stock down 5.5% while vol might finally be paying you back. What was the entry IV on that 77 call?
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