Financial giants have made a conspicuous bullish move on Freeport-McMoRan. Our analysis of options history for Freeport-McMoRan FCX revealed 18 unusual trades.
Delving into the details, we found 55% of traders were bullish, while 44% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $150,564, and 14 were calls, valued at $1,083,052.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $37.0 to $50.0 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 $37.0 to $50.0 over the preceding 30 days.
Freeport-McMoRan 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FCX | CALL | TRADE | BEARISH | 06/20/25 | $2.94 | $2.86 | $2.87 | $50.00 | $287.0K | 9.6K | 1.0K |
| FCX | CALL | SWEEP | BULLISH | 05/16/25 | $4.6 | $4.5 | $4.6 | $44.00 | $232.3K | 384 | 505 |
| FCX | CALL | SWEEP | BULLISH | 02/21/25 | $6.85 | $6.7 | $6.8 | $39.00 | $141.4K | 209 | 211 |
| FCX | PUT | TRADE | BEARISH | 08/15/25 | $5.05 | $5.0 | $5.05 | $45.00 | $66.1K | 585 | 132 |
| FCX | CALL | SWEEP | BEARISH | 03/21/25 | $1.7 | $1.67 | $1.67 | $50.00 | $58.4K | 16.0K | 462 |
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.
Following our analysis of the options activities associated with Freeport-McMoRan, we pivot to a closer look at the company's own performance.
Current Position of Freeport-McMoRan
- With a trading volume of 9,079,108, the price of FCX is up by 5.03%, reaching $44.19.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 44 days from now.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
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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