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Barchart
Barchart
Will Ashworth

Freeport-McMoran’s Unusual Options Activity Suggests Investors Can’t Decide if It’s a Buy or Sell. Let Me Break the Stalemate.

Freeport copper Gold FCX

Freeport McMoran (FCX) options are unusually active. About one hour into Thursday's trading, two puts and two calls are in the top seven regarding volume to open interest.

I can't see any news that would drive this interest in the gold and copper miner. Its options volume is already 39,873, more than its 30-day average volume, and we’re less than two hours into trading.

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