Freeport McMoran (FCX) call volume is running at 3X the normal volume for the first hour, with 16K contracts traded. Shares are showing relative strength, gaining $1.29 to $30.69 despite at $12 drop in gold ($837.2). Recent trades include 4400 March 25 calls at the offer for $1.38.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.