What the Options Market Tells Us About Freeport-McMoRan
Portfolio Pulse from Benzinga Insights
Financial giants have made bearish moves on Freeport-McMoRan (NYSE:FCX) with 14 unusual options trades. 42% of traders showed bearish tendencies, with significant put and call activities. Analysts have a target price of $60.0, and the stock is currently trading at $47.76.
June 18, 2024 | 4:31 pm
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Freeport-McMoRan has seen significant bearish options activity, with 42% of traders showing bearish tendencies. The stock is currently trading at $47.76, with analysts targeting a price of $60.0.
The significant bearish options activity suggests that traders expect the stock to decline in the short term. Despite a positive analyst target, the immediate sentiment is negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100