Trade Alert – (FCX) February 24, 2026 – BUY

When John identifies a strategic exit point, he will send you an alert with specific trade information as to what security to sell, when to sell it, and at what price. Most often, it will be to TAKE PROFITS, but, on rare occasions, it will be to exercise a STOP LOSS at a predetermined price to adhere to strict risk management discipline.

 

Trade Alert – (FCX) – BUY

BUY the Freeport McMoRan (FCX) March 2026 $55-$58 vertical BULL CALL spread at $2.50 or best

 

Opening Trade

2-24-2026

expiration date: March 20, 2026

Portfolio weighting: 10%

Number of Contracts = 40 contracts

I just spent the week visiting with the top copper producers in Peru. Copper is the country’s second largest export and accounts for 12% of global production, or 12.6 million metric tonnes per year.

My conclusion: buy more copper.

I believe we are on the cusp of a golden age for copper, and the size of the power grid has to triple to accommodate the runaway growth of AI. These days, tariffs change daily, so the next adjustment in tariffs may be downward once the lobbyists get to work.

Therefore, I am buying the Freeport McMoRan (FCX) March 2026 $55-$58 vertical BULL CALL spread at $2.50 or best.

Don’t pay more than $2.75, or you will be chasing.

If you don’t want to sit in front of a computer screen all day or live in a foreign time zone when the US stock market is closed, such as Australia, or don’t want to sit in front of a screen all day, simply enter a spread of Good-Until-Cancelled orders overnight, like  $2.50, $2.55, $2.60, $2.65, and 2.70. You should get done on some or all of these.

This is a bet that the (FCX) will not fall below $58.00 by the March 20 option expiration in 19 trading days.

If you are looking for other long-term copper plays, please take a look at the United States Copper Fund (CPER), First Quantum Minerals Ltd. (FM.TO), Antofagasta (ANTO.L), and hang on. We are going much higher once the stock market bottoms.

I have a feeling that Freeport McMoRan is my new rich uncle, cutting me generous but undeserved maintenance checks every month.

Here are the specific trades you need to execute this position:

Buy 40 March 2026 (FCX) $55 calls at………….……..$14.00

Sell short 40 March 2026 (FCX) $58 calls at…………$11.50

Net Cost:………………………….………..………….…………..$2.50

Potential Profit: $3.00 – $2.50 = $0.50

(40 X 100 X $0.50) = $2,000 or 20.00% in 19 trading days.

 

 

 

 

 

 

 

If you are uncertain about how to execute an options spread, please watch my training video by clicking here.

The best execution can be had by placing your bid for the entire spread in the middle market and waiting for the market to come to you. The difference between the bid and the offer on these deep-in-the-money spread trades can be enormous.

Don’t execute the legs individually or you will end up losing much of your profit. Spread pricing can be very volatile on expiration months farther out.

Keep in mind that these are ballpark prices at best. After the alerts go out, prices can be all over the map.