Freeport McMoran (FCX) made a run to $31.91 and broke above its Jan highs to its best levels since early November. Shares are up $1.61 to $30.93 and Mar 35 calls are seeing heavy trading in recent action. 27.4K now traded, compared to 24.9K of open interest.
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.