Okay, so this is about people who are interested in buying or selling shares of a company called Freeport-McMoRan. Some people think the price will go up and some think it will go down. They use something called options to bet on that. Options are like special keys that let you control 100 shares of a company. There are different kinds of options: calls and puts. Calls are for buying shares, and puts are for selling them. The people who trade these options have different opinions about the price of Freeport-McMoRan in the future. Some think it will be between $46 and $75. There are some smart people called analysts who also give their opinions on what the price should be. They say it could be between $51 and $55. So, everyone is guessing and trying to make money by being right about the price of Freeport-McRan Read from source...

1. The title of the article is misleading and sensationalized. It implies that there is some secretive or exclusive information about what whales are betting on Freeport-McMoRan, when in reality it's just a summary of publicly available options data.
2. The author does not provide any context or background information about Freeport-Mo

- Buy Freeport-McMoRan shares on any significant dips, as the stock is likely to rebound based on the bullish expectations from various analysts. The target prices range from $51 to $55, with some even suggesting $58 in the long term.
- Consider selling Freeport-McMoRan puts if you are looking for income or leveraging your position in other mining stocks. The put options have a strike price of $46 and expire in December 2021, which provides enough time for the stock to recover or for you to adjust your trade.
- Avoid selling Freeport-McMoRan calls, as the call options are expensive and the implied volatility is high. This means that there is a low probability of making substantial profits from selling calls, while also exposing yourself to significant losses if the stock rallies.
- Monitor the volume and open interest development for Freeport-McMoRan options, as this can indicate the level of interest and liquidity in the market. A spike in either indicator could signal a potential move in the stock price, either up or down. Use these indicators to adjust your trading strategy accordingly.
- Be mindful of the risks associated with trading options, such as unlimited losses, time decay, and the need for constant monitoring. Options are not suitable for all investors, especially those who have a low risk tolerance or lack the experience to manage them effectively.