Smart Money Is Betting Big In FCX Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing significant interest in Freeport-McMoRan (NYSE:FCX) options, with a mix of bullish and bearish sentiments. The options activity suggests a potential price range of $30 to $60. Despite a recent price drop, expert opinions remain mixed with target prices ranging from $52 to $58.
October 14, 2024 | 2:30 pm
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Significant options activity in Freeport-McMoRan (FCX) indicates potential price movements. Investors are divided with 53% bullish and 46% bearish sentiments. Expert ratings are mixed, with price targets between $52 and $58.
The unusual options activity suggests significant investor interest, which could lead to price volatility. The mixed sentiment among investors and analysts indicates uncertainty, but the overall bullish lean and expert price targets suggest a potential upward movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100