Whales with a lot of money to spend have taken a noticeably bullish stance on Freeport-McMoRan.
Looking at options history for Freeport-McMoRan FCX we detected 12 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 41% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $428,542 and 7, calls, for a total amount of $285,882.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $60.0 for Freeport-McMoRan over the recent three months.
Volume & Open Interest Trends
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 $40.0 to $60.0 over the preceding 30 days.
Freeport-McMoRan Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FCX | PUT | SWEEP | BEARISH | 06/20/25 | $16.75 | $16.65 | $16.75 | $60.00 | $144.0K | 3.6K | 89 |
| FCX | PUT | SWEEP | BEARISH | 06/20/25 | $16.65 | $16.55 | $16.65 | $60.00 | $126.5K | 3.6K | 90 |
| FCX | PUT | SWEEP | BEARISH | 01/16/26 | $5.95 | $5.8 | $5.95 | $42.00 | $88.0K | 1.9K | 175 |
| FCX | CALL | SWEEP | NEUTRAL | 12/18/26 | $13.0 | $13.0 | $13.0 | $40.00 | $52.0K | 111 | 40 |
| FCX | CALL | SWEEP | BULLISH | 01/16/26 | $9.4 | $9.2 | $9.4 | $42.00 | $48.8K | 271 | 73 |
About Freeport-McMoRan
Freeport-McMoRan Inc is an international mining company. It has organized its mining operations into four primary divisions: North America copper mines, South America mining, Indonesia mining and Molybdenum mines. Its reportable segments include the Morenci, Cerro Verde and Grasberg (Indonesia mining) copper mines, the Rod & Refining operations and Atlantic Copper Smelting and Refining. It derives key revenue from the sale of Copper.
Where Is Freeport-McMoRan Standing Right Now?
- Trading volume stands at 4,373,893, with FCX's price up by 1.77%, positioned at $44.21.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 59 days.
What Analysts Are Saying About Freeport-McMoRan
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $55.75.
- An analyst from RBC Capital downgraded its action to Sector Perform with a price target of $60.
- An analyst from Scotiabank persists with their Sector Outperform rating on Freeport-McMoRan, maintaining a target price of $58.
- Consistent in their evaluation, an analyst from Scotiabank keeps a Sector Outperform rating on Freeport-McMoRan with a target price of $52.
- Maintaining their stance, an analyst from Raymond James continues to hold a Outperform rating for Freeport-McMoRan, targeting a price of $53.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Freeport-McMoRan with Benzinga Pro for real-time alerts.
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