I enjoy your optimism, but you need to tailor your expectations - $120 (a $12 jump) on a day/market like this is simply not realistic.
I'm a long but think the day trader ire is simply silly. They employ a different strategy, so who cares if it works for them or not. In fact, given FCX's recent volatility, it would be senseless for day traders to not be activley trading this stock.
Sell on strength; buy on weakness is the motto for now! I personally think everyone should just sit it out on the sidelines for awhile. Daytraders who know what they are doing will probably make the best returns for the present time. I don't understand "puts" or "options" or any of these type trading skills but I guess whatever works for you to make money is the way to go. I'm still sitting in cash in my trading account making 4.70%. Heck, that's better than losing money!!
Kudos to SherrysGone for some common sense, specifically this: "Sell on strength; buy on weakness is the motto for now! I personally think everyone should just sit it out on the sidelines for awhile. Daytraders who know what they are doing will probably make the best returns for the present time."
IMO, the key thing is to watch what intitutional investors do. To clarify - look at what they do (not what they say.) They have more info and know more than everyone here (even those who proudly proclaim they read the financials, "study" the sector, listen to calls, and visit the boards)
Wish there was a way to filter all comments where a) people asked questions instead of taking 3 mins to do a google search b) make unrealistic meaningless predicitons e.g. fcx's price will quadruple today and market cap will exceed Googles by year-end. c) say things like you day trade so you are clearly an idiot and can't possibly be making money. (and vice versa)