I believe that FCX's current price provides a great opportunity for selling some puts.. The Jan 2010 put contract at the strike price of 40 (YPXMG.X) is at 14.90. For my account I am going to sell 4 of these puts, netting myself approx $6,000. If, in over 15 months, FCX is not above $40, I will be required to buy 400 shares at $40, costing a total of $16,000. $16,000 - $6,000 = $10,000 $10,000 / 400 = $25/share If FCX would not be above 40, I would essentially have 400 shares at $25. I believe this is one of the best ways of playing the drastically low price of FCX. All constructive comments are wanted. College student trying to profit with these market conditions.