FCX earnings Wednesday - short dated call buy Long

Freeport-McMoRan, Inc.NYSE

Description

⋅ Apr 16, 2021 2:07 PM

FCX out performance to the sector.

FCX fundamentally strong earnings and sales growth

Estimize joes slightly above pros

Buying short dated FCX in the money calls.

Comment

⋅ Apr 16, 2021 2:09 PM

I rolled the put vertical profitably several times.

Into earnings this is a hit or miss.

Buying calls 3 days before earnings.

Selling calls 3 days after earnings.

Trend Analysis Fundamental Analysis

Comments

UnknownUnicorn1043646

⋅ Apr 16, 2021 2:19 PM

Fantastic. Thank you for your service!

Spotshooter1983

⋅ Apr 16, 2021 3:59 PM

@DarkPoolTrading,

Simple charts

Sector outperformance

RSI is positive over the short term

Chalkin Money flow positive

Earnings next week

I bought some short dated in the money calls.

A reasonable speculation into earnings.

Stock is at this writing being accumulated.

The trend has been up but is not trading at twice the 15 day average true range.

all the best