Married Put Options Strategy for ONON, OVV and FCX After Q2 Beats
Married put pricing implies an $8.06 maximum loss, with only a 14.26% chance of clearing the $49.22 breakeven in 308 days. The setup was followed by Q2 2026 results released July 23 that beat estimates: $7.03B revenue ($320M higher) and EPS $0.74 (about 20% higher), helped by copper prices up 36% to $6.17 a pound.