Bulls bet on Freeport-McMoRan to keep running
Option traders are building a long position on options in Freeport-McMoRan (FCX) Monday. So fay 1,347 contracts of the Aug.-25 expiring 13.50 call have changed hands. Previous open interest was 45 contracts. Today’s volume has been on the high side of the bid ask spread, which indicates that these new contracts are being initiated from the buy side.
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About Freeport-McMoRan Inc.
Freeport-McMoRan Inc mines more copper than any other publicly traded company in the world. Its assets include the Indonesian Grasberg mining complex, the world's largest copper and gold mine in terms of recoverable reserves. Freeport also has significant mining operations in the Americas.