Financial giants have made a conspicuous bullish move on Freeport-McMoRan. Our analysis of options history for Freeport-McMoRan FCX revealed 11 unusual trades.
Delving into the details, we found 54% of traders were bullish, while 45% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $213,113, and 7 were calls, valued at $287,434.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $42.0 for Freeport-McMoRan over the recent three months.
Volume & Open Interest Development
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 $30.0 to $42.0 over the preceding 30 days.
Freeport-McMoRan Option Activity Analysis: Last 30 Days
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 | TRADE | BEARISH | 05/16/25 | $0.62 | $0.59 | $0.61 | $30.00 | $73.2K | 68 | 1.3K |
| FCX | CALL | SWEEP | BULLISH | 01/17/25 | $0.34 | $0.31 | $0.34 | $42.00 | $68.0K | 7.3K | 2.0K |
| FCX | CALL | SWEEP | BULLISH | 06/20/25 | $3.95 | $3.85 | $3.9 | $40.00 | $61.2K | 1.2K | 259 |
| FCX | PUT | SWEEP | BULLISH | 02/21/25 | $2.68 | $2.66 | $2.66 | $40.00 | $50.2K | 4.3K | 189 |
| FCX | PUT | SWEEP | BEARISH | 06/20/25 | $5.3 | $5.25 | $5.29 | $42.00 | $50.2K | 7.4K | 96 |
About Freeport-McMoRan
Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2023, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. About 75% of 2023 revenue was from copper, with a further 15% from gold and about 10% from molybdenum. It had about 25 years of copper reserves at end December 2023. we expect it to sell similar amounts of copper midcycle in 2028, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.
Where Is Freeport-McMoRan Standing Right Now?
- Trading volume stands at 4,177,817, with FCX's price down by -0.25%, positioned at $39.12.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 27 days.
Unusual Options Activity Detected: Smart Money on the Move
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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.
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