I wouldn’t believe it if you told me either, but material and commodity-related names are actually on the brink of out-performing the S&P 500! Join me as we dive into the charts to show you this critical development and then set up the trade in the options market.
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Nice video on FCX options based on underlying strength of XLB!
Well thank you very much! Be sure to click the thumbs up “like” button and subscribe if you’re singed up with YouTube
I agree with FCX trade may go to 12. When mkt goes down it will be at 9. Lke Apr option. I m doing 4/1 option Thks.
Hpefully will get real time video
Excellent! Best of luck and hope to see you in the member’s area.
Technically, the trade isn’t a backratio. It is rather a front ratio. A backratio is where you would sell the lower strike call and BUY more of the higher strike calls. Please correct me if I am wrong.
Nah you’re right, Richard. I mixed it up in my mind as it’s also like a bear call ladder, so I associate back spread and bear call. But catch, it’s a front spread.