FCX closed around resistance in yesterdays session and may be ripe for a slightly OTM call butterfly. Resistance at the higher end may be hit around $38. Enter only on breakthrough.
Update..long call Aug butterfly entered for 81c closed on Friday for 1.32 = profit 51c/share = 63%
Update..long call Aug butterfly entered for 81c closed on Friday for 1.32 = profit 51c/share = 63%