Freeport-McMoRan Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Freeport-McMoRan (NYSE:FCX), with 14 uncommon options trades spotted. The sentiment of these big-money traders is split between 50% bullish and 50% bearish. Whales have been targeting a price range from $25.0 to $50.0 for FCX over the last 3 months.
June 02, 2023 | 2:31 pm
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Freeport-McMoRan (NYSE:FCX) has seen unusual options activity, with 14 uncommon trades and a 50% bullish and 50% bearish sentiment among big-money traders. Whales target a $25-$50 price range.
The unusual options activity for Freeport-McMoRan (NYSE:FCX) indicates that big-money traders are divided in their sentiment, with 50% bullish and 50% bearish. This suggests that there is uncertainty in the market regarding the short-term price direction of FCX. The targeted price range of $25-$50 by whales further adds to the ambiguity, making it difficult to predict a clear short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100