SHORT FCX/ BUY FCX 5/17/24 53 PUTS
Freeport is a stock we’ve traded really well both short and long past few weeks. Today the stock is making a 4th day up and a new high. Last time we had a flash Burn Notice on a 4 day rally in FCX the fade lower worked like a charm. The 50 level remains a magnet. 1 star trade last hour. 3:00-4:00 EST
