at 9 year highs and all time high is around $4.65, FCX
is the world's largest publicly traded copper
producer. It is following the price of commodity. Demand for copper
from renewable sector is growing as new power generation capacity addition renewable energy (China/India).
Options - The March 19 $38 calls traded over 11000 times, over 34,000 in Open interest. The march put call ratio
April options put call ratio
- .76, probably a pull back at some point after strong move friday.