Our Hot Money scanner spotted a new bullish alert in Freeport McMoRan Inc. (FCX) after massive upside call buying.

Here's what I'm doing…

Buy-to-open the FCX Feb. 18, 2022, $48/$55 call spread

At last glance, this is trading around $0.98 per spread.

That means with a max profit opportunity of $6.00 per spread if we move above $55 per share in the coming weeks.

As always, I'm averaging into this position and managing risk before entry.