Hi Shoppers,

Not much makes me happier than when the Option Pit team can help you profit off a single idea – in multiple ways.

And that’s exactly what’s happening right now. 

I’ll explain …

You see, each team member has their own style and strategy for finding profitable options trades.

And it really underscores the multiple ways to make money when two or more of us have a similar idea …

Because systems compliment each other and provide further support for a particular trade idea.

For example, on Thursday Mark recommended buying calls in Freeport McMoran (Ticker:  FCX) in his Big Money Flow program. Check out the short video here.

The Big Money Flow system does exactly what it says: it tracks those big money trades, i.e. the “smart money” and hops on board for the ride to profitability.

Now, I have also been looking at the FCX stock chart and agree with Mark … I like the idea of buying calls in this name.

Keep reading for my take on FCX and how I would trade it …

Candles Light the Way for My Trade

Here is the Freeport McMoran (Ticker: FCX) stock chart:

Friday’s candle formed a hammer at the bottom of a downtrend that began after trading a high of $46.20 on Jan. 18.

FCX closed at $36.04 on Friday after trading down to $34.94.

I also see support at this level.

If FCX opens and trades higher on Monday, I will be a buyer of Friday’s expiration calls:

I will pay up to $1.05 for the 36 calls.

If these trade below $.75, I will take my loss and will begin to take profits around $2.

And with that, you have the opportunity to profit off one idea in two ways, thanks to varied approaches of the Option Pit team.

Thanks for Reading … See You Next Tuesday!

Licia Leslie