Check Out What Whales Are Doing With FCX
Someone with a lot of money to spend has taken a bearish stance on Freeport-McMoRan (NYSE: FCX ). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga. Whether this is an institution or just a wealthy individual, we don''t know. But when something this big happens with FCX, it often means somebody knows something is about to happen. So how do we know what this whale just did? Today, Benzinga ''s options scanner spotted 40 uncommon options trades for Freeport-McMoRan. This isn''t normal. The overall sentiment of these big-money traders is split between 40% bullish and 60%, bearish. Out of all of the special options we uncovered, 25 are puts, for a total amount of $7,751,575, and 15 are calls, … Full story available on Benzinga.com
Check Out What Whales Are Doing With FCX
Someone with a lot of money to spend has taken a bearish stance on Freeport-McMoRan (NYSE: FCX ). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga. Whether this is an institution or just a wealthy individual, we don''t know. But when something this big happens with FCX, it often means somebody knows something is about to happen. So how do we know what this whale just did? Today, Benzinga ''s options scanner spotted 40 uncommon options trades for Freeport-McMoRan. This isn''t normal. The overall sentiment of these big-money traders is split between 40% bullish and 60%, bearish. Out of all of the special options we uncovered, 25 are puts, for a total amount of $7,751,575, and 15 are calls, … Full story available on Benzinga.com