I added COP July28 46 calls at .52 and now am allocated 10% COP, 60% XME Sept 33 calls, 30% FCX 13 Aug calls in the Cecil Fielder account. If USD collapses in the coming months, it will provide a major tailwind to my positions. A lot of the options positions have potential to increase 5-10x.
The overcrowded USD long trade is falling back to the lower end of the zone and may overshoot
FCX finally broke out the zone. Hopefully it sticks as time is running short on the Aug 13 calls @ .52
Have Sept15 33 calls @ .39