$FCX Put/Call: 19k/68k https://t.co/tn1f7rYKUc
I shared the $FCX long setup—copper miner—on Discord back in the first week of March, and it’s played out really well since. The stock’s up almost 23% from the initial alert, and the 40C, 04/17 calls have hit as much as 220%. There’s always something setting up long, no matter https://t.co/a6BUzk5UdM
$FCX May $50 call OI now over 134,500 after more buys yesterday https://t.co/Wk9juSGb0S
Freeport-McMoRan Inc. ($FCX) has seen a surge in options trading activity, particularly for the May 2025 $50 call options, which have garnered significant interest. A recent transaction involved the purchase of 25,006 of these calls at a price of 60 cents each. The stock is poised for its first close above the 200-day exponential moving average (EMA) since last November, indicating potential upward momentum. The open interest for the May $50 calls has surpassed 134,500 contracts following additional purchases. Overall, $FCX has appreciated nearly 23% since early March, with some options reaching gains of up to 220%. The current put/call ratio stands at 19,000 puts to 68,000 calls, reflecting a bullish sentiment among traders.
