$Freeport Mcmoran(FCX.US) surged significantly during yesterday's night session and pre-market, so I sold all the calls at the opening. About 10 minutes later, I also reduced the position in the underlying stock. The short positions were the first to be squeezed, and the lack of counterparties would trigger a long squeeze. Combined with the increased probability of Walsh taking office, it's better to avoid risks in the short term. For the medium to long term (at least until 2026), I'm still very bullish, just waiting for a recent drop to re-enter or open a position in $Southern Copper(SCCO.US)🤔
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