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Unpacking the Latest Options Trading Trends in Freeport-McMoRan

Benzinga ·  Nov 8 23:31

High-rolling investors have positioned themselves bullish on Freeport-McMoRan (NYSE:FCX), and it's important for retail traders to take note.\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in FCX often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 10 options trades for Freeport-McMoRan. This is not a typical pattern.

The sentiment among these major traders is split, with 50% bullish and 50% bearish. Among all the options we identified, there was one put, amounting to...

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