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Smart Money Is Betting Big In FCX Options

Benzinga ·  Oct 14 22:30

Deep-pocketed investors have adopted a bullish approach towards Freeport-McMoRan (NYSE:FCX), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in FCX usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for Freeport-McMoRan. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 53% leaning bullish and 46% bearish...

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