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.

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Posted on January 29, 2013, in Jeffs 3k-100k. Bookmark the permalink. Leave a comment.

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