FCX long call butterfly (bullish bias)

BATS:FCX   Freeport-McMoRan, Inc
FCX closed around resistance in yesterdays session and may be ripe for a slightly OTM call butterfly . Resistance at the higher end may be hit around $38. Enter only on breakthrough.

Update..long call Aug butterfly entered for 81c closed on Friday for 1.32 = profit 51c/share = 63%


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.