This is a new position in Freeport-McMoRan (FCX). This position is established in the Naked Put Investing Portfolio (NPIP). The profit/loss info is below:
5/2/2011 -- Sold To Open 1 FCX November $35 Put @ 0.9834
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Downside Coverage (from current price of $50.34): 32.4%
Potential Annualized Return At Expiration (11/18/2011): 5.18%
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