Andrew Keene Is Bullish On Freeport-McMoRan

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Speaking on
CNBC
, Andrew Keene of AlphaShark recommended a long position in
Freeport-McMoRan IncFCX
. 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.
Posted In: CNBCMediaAlphaSharkAndrew Keene
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