FCX Call Entry

I bought 20 Dec 39 calls on FCX for $1.00.  This is a play on the metals with about 50% risk on a $2000 outlay.  I’m looking for a move to around $40.50 and will look to exit if the 7 day moving average is broken.

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Posted on November 26, 2012, in Jeffs 3k-100k and tagged , . Bookmark the permalink. Leave a comment.

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