Freeport McMoran (FCX) is up 73 cents to $34.90 and 83,000 calls traded, compared to 27,000 puts. The top trades of the day are in the May 35 and 40 calls after a strategist apparently bought the spread 24000X for $2.15 on the NYSE. One of the legs might be closing and it could possibly be a roll from the lower to the higher strike.
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Freeport McMoran Copper and Gold Inc (FCX) $34.95 +2.28%
Posted on March 11th, 2009 2:25 pm
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1 user commented on " Freeport McMoran Copper and Gold Inc (FCX) $34.95 +2.28% "
Follow-up comment rss or Leave a TrackbackPredicated on gold and copper – they move up, FCX will follow.
The trend in FCX is up and climbing – looks encouraging.