FCX Call Entry
Buying 30 Feb 34 calls on FCX for 1.42. I will use today’s low as a stopping point giving me about 40% risk on the trade. Today’s fresh move above the 7 day moving average along with various bullish stochastic movements bode well for FCX to finally fill the gap from December and push back to 38.
I also plan to hold TSO overnight. With the stock closing in the upper bollinger band, all signs continue to point higher.