FCX & Copper Talk
About a month ago, we discussed the price action of copper and what it might mean for the health of the global economy. From our perspective, it looked like copper…
Dr. Copper Gives a Lecture, Or Does He?
The term Doctor Copper is market slang describing the base metal as possessing Ph.D. in economics. It gets the prefix "Doctor" because of its ability to predict turning points in the global…
Unusual Options Activity | Freeport McMoRan (FCX)
Yesterday, the equity markets fell hard. The S&P500 was down $35.73 points (1.34%). the NASDAQ was down $121.25 points (1.7%), and the DJIA was down $424.56 points (1.74%). The surprise…
Unusual Activity Report | Crude Oil Update
Yesterday was a relatively calm day in the markets. The popular indexes rose in the morning and gave back a good chunk of the gains by the end of the day.…
Jobs Report Disappoints | Equity Investors Shrug
The Bureau of Labor Statistics (BLS) reported that in August the United States economy only generated 156K new jobs. Consensus expectation by leading economists predicted that 180k new jobs would…
Freeport McMoRan (FCX) Rebounds: What’s Next?
Commodity plays are some of the most risky companies we examine here at TOE, so it is not very often we get involved with these names. But when the timing…
Long Live King Copper?
Tuesday, February 14th on CNBC’s Fast Money I highlighted some substantial bearish activity in Freeport-McMoRan (FCX). Specifically short-dated puts traded over 81,000 contracts, well above the 31,600 20 day average…