Andrew Keene Is Bullish On Freeport-McMoRan - Freeport-McMoRan (NYSE:FCX)

Speaking on CNBC

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, Andrew Keene of AlphaShark recommended a long position in Freeport-McMoRan Inc (NYSE: FCX). He thinks that the stock has bottom and he wants to use options to make a bullish trade. Keene wants to buy the January 2017, 5 - strike call and sell the January 2017, 8 - strike call for $0.60. The trade breaks even at $5.60 or 36 percent higher and he can maximally make $2.40 or a return of 400 percent on his investment.