Follow Up #2 to Trade Alert - (FCX) September 12, 2013

As a potentially profitable opportunity presents itself, John will send you an alert with specific trade information as to what should be bought, when to buy it, and at what price.

Further Update to: Trade Alert - (FCX)

Buy the Freeport McMoRan (FCX) October $28-$30 bull call spread at $1.68 or best

Opening Trade

9-10-2013

expiration date: 10-18-2013

Portfolio weighting: 10%

Number of Contracts = 59 contracts.

Those who bought my Trade Alert on the Freeport McMoRan (FCX) October $28-$30 bull call spread at $1.68 or best two days ago will be thrilled to see the charts below. They were prepared by my friends at Stockcharts.com , who offer a very reasonable subscription technical analysis product (click the link for their site http://stockcharts.com ).

After testing $26 three times over the past two years, the stock has forged a major long term bottom that appears unassailable. This almost perfectly matches the chart for the Chinese stock market, which is demonstrating almost identical strength. Conclusion: higher prices for copper and the rest of the commodity space.

Just thought you?d like to know.

Here are the specific trades you should have executed on September 10 for this position:

Buy 59 October, 2013 (FCX) $28 calls at?????..?$3.95
Sell short 59 October, 2013 (FCX) $30 calls at??....?$2.27

Net Cost:????????????....??..??.......$1.68

Profit: $2.00 - $1.68 = $0.32

($0.32 X 100 X 59) = $1,888 ? 1.88% for the notional $100,000 model portfolio.

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