Profit Alert (FCX) for 6/5/2020

10:35am (EST)

I have another triple-digit Profit Alert as shares of FCX have topped $11, giving us a 200% return!

Profit Alert!

Freeport McMoRan (FCX, $11.00, up $0.80)

FCX June 10 calls (FCX200619C00010000, $1.20, up $0.65)

Entry Price: $0.40 (5/19/2020)

Exit Target: $0.80, raise to $1.60

Return: 200%

Stop Target: 45 cents, raise to 90 cents (Stop Limit)

Action: Close half the trade at current levels to lock-in profits.

Raise the Exit Target from 80 cents to $1.60 on the other half. Raise the Stop Limit from 45 cents to 90 cents.