Whales are people with a lot of money who can buy or sell things easily. They are watching a company called Freeport-McMoRan and they think the price will go down. Most of them bought options that let them sell the company's shares at a certain price, which is lower than the current one. The article says that these whales are looking at a range of prices between $30 and $42 for this company, based on how many people are buying and selling its shares recently. The price of Freeport-McMoRan's shares is currently $41.57 and it has gone up by 3%. Some experts think the company will tell us how much money they made in the next 37 days. Trading options can be risky, but sometimes you can make a lot of money if you do it right. Read from source...
- The title is misleading and clickbait, implying that only whales with a lot of money are interested in FCX, while the rest of us can ignore it. This contradicts the fact that many retail investors also trade options on FCX and have different views on its price direction.
- The article does not provide any evidence or data to support the claim that 69% of whales are bearish on FCX, nor explains how they measured this percentage. Is it based on open interest, option volume, money flow, survey, or something else? Without specifying the source and method, the statement is vague and unreliable.
- The article mentions a price band between $30.0 and $42.5 for FCX, but does not explain why this range matters or what it represents. Is it based on historical volatility, option pricing, technical analysis, fundamental analysis, or something else? Without providing any context or explanation, the statement is meaningless and irrelevant.
- The article cites RSI readings as a way to determine the stock's neutrality between overbought and oversold, but does not explain what RSI stands for, how it is calculated, or how it applies to FCX. Without providing any background or interpretation, the statement is confusing and unclear.
- The article ends with an advertisement for Benzinga Pro, which seems to be a blatant attempt to promote their own product and generate revenue from the readers, rather than providing useful information or insights about FCX options trading. This creates a conflict of interest and reduces the credibility of the author and the platform.
The sentiment of the article is bearish towards Freeport-McMoRan. This can be inferred from the following points in the text: 1) "Whales with a lot of money to spend have taken a noticeably bearish stance on FCX".
2) "30% of the investors opened trades with bullish expectations and 69% with bearish.".
3) "the major market movers are focusing on a price band between $30.0 and $42.5 for Freeport-McMoRan, spanning the last three months.", which suggests that they expect the stock to drop further.
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