Intermediate Trade: Freeport-McMoRan

The Trade: Buy 1 FCX August 20 call and sell 1 FCX August 25 call for a debit of 1.00 point.

Freeport-McMoRan (FCX) is a natural resource company that acquires, explores and develops mineral assets such as copper, gold, silver, and molybdenum. In addition, FCX explores for natural gas and oil. Note that FCX owns a cobalt mine in Africa (the Congo). Cobalt is a key element in the manufacture and operation of an electric vehicle's battery. ...204 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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