Financial giants have made a conspicuous bullish move on Freeport-McMoRan. Our analysis of options history for Freeport-McMoRan FCX revealed 12 unusual trades.
Delving into the details, we found 58% of traders were bullish, while 41% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $120,599, and 9 were calls, valued at $529,547.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $32.0 to $47.0 for Freeport-McMoRan during the past quarter.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Freeport-McMoRan's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Freeport-McMoRan's substantial trades, within a strike price spectrum from $32.0 to $47.0 over the preceding 30 days.
Freeport-McMoRan Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| FCX | CALL | SWEEP | BEARISH | 06/20/25 | $42.00 | $157.9K | 577 | 356 |
| FCX | CALL | SWEEP | BULLISH | 06/21/24 | $40.00 | $92.6K | 11.6K | 505 |
| FCX | CALL | SWEEP | BEARISH | 01/17/25 | $32.00 | $65.9K | 5.0K | 66 |
| FCX | PUT | SWEEP | BULLISH | 06/20/25 | $47.00 | $42.2K | 370 | 41 |
| FCX | PUT | SWEEP | BULLISH | 02/16/24 | $38.00 | $40.8K | 6.3K | 771 |
About Freeport-McMoRan
Freeport-McMoRan Inc is an international mining company. It operates geographically diverse assets with proven and probable mineral reserves of copper, gold, and molybdenum. The company's portfolio of assets includes the Grasberg minerals district in Indonesia; and mining operations in North America and South America, including the large-scale Morenci minerals district in Arizona and the Cerro Verde operation in Peru. It derives key revenue from the sale of Copper.
After a thorough review of the options trading surrounding Freeport-McMoRan, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Freeport-McMoRan's Current Market Status
- With a trading volume of 4,668,814, the price of FCX is up by 0.48%, reaching $39.91.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 85 days from now.
Expert Opinions on Freeport-McMoRan
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $49.0.
- An analyst from Raymond James has decided to maintain their Outperform rating on Freeport-McMoRan, which currently sits at a price target of $43.
- In a cautious move, an analyst from RBC Capital downgraded its rating to Sector Perform, setting a price target of $55.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Freeport-McMoRan options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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