April 15, 2020 - MDT Alert (FCX)

I would usually suggest holding a long stock position and short call that expires in three days, but I do not like the price action on FCX today.

Therefore, I am going to suggest you close the position.

Sell FCX at the market, which is $7.58 as I write this.

Then Buy to Close the April $7.50 call. You should be able
to close the calls for $0.25

Overall, this will result in a profit of $440 if you traded the suggested 500 share lot.

It works out to a return of 13% for 9 days.

This alert applies only if you bought the FCX stock on April 6th.

/by

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Trade Alert - (SDS) April 15, 2020 - SELL-TAKE PROFITS buy leaps More Term LEAPS to Buy at the Bottom

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