Freeport-McMoRan (FCX) Offering Possible 5.49% Return Over the Next 15 Calendar Days

Freeport-McMoRan's most recent trend suggests a bearish bias. One trading opportunity on Freeport-McMoRan is a Bear Call Spread using a strike $27.00 short call and a strike $32.00 long call offers a potential 5.49% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $27.00 by expiration. The full premium credit of $0.26 would be kept by the premium seller. The risk of $4.74 would be incurred if the stock rose above the $32.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Freeport-McMoRan is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Freeport-McMoRan is bearish.

The RSI indicator is at 35.07 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Freeport-McMoRan

FREEPORT-MCMORAN INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Fri, 05 Dec 2014 16:29:10 GMT

Freeport-McMoRan Announces Results of Offer to Purchase Certain Outstanding Senior Notes
Fri, 05 Dec 2014 13:00:00 GMT
Business Wire – Freeport-McMoRan Inc. announced today that as of 5:00 p.m., New York City time, on December 4, 2014 , pursuant to the cash tender offer by its subsidiary, Freeport-McMoRan Oil & Gas LLC , the Company has received tenders of $1.66 billion aggregate principal amount of the notes listed in the table below and accepted $1.14 billion aggregate principal amount of the Notes for total aggregate consideration …

FREEPORT-MCMORAN INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
Thu, 04 Dec 2014 21:35:15 GMT

Freeport-McMoRan Announces Positive Drilling Results at the Holstein Deep and Dorado Development Projects in the Gulf of Mexico
Thu, 04 Dec 2014 13:00:00 GMT
Business Wire – Freeport-McMoRan Inc. announced today positive drilling results from the Freeport-McMoRan Oil & Gas 100-percent-owned Holstein Deep and Dorado development wells in the Deepwater Gulf of Mexico .

Stock Pops & Drops: FCX, MSFT, CCL & BABA
Mon, 01 Dec 2014 22:45:00 GMT

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