FCX - Pick of the Week, March 2Freeport-McMoRan, Inc.BATS:FCXAssetDesignFCX is currently exhibiting a clean, persistent weekly uptrend, supported by: •Strong higher highs and higher lows on the weekly timeframe •Weekly momentum readings consistent with trend continuation •Price action pressing into new highs rather than mean reverting From a macro perspective, FCX remains tightly linked to copper supply narratives and operational developments, including production sensitivity and restart timelines extending into mid 2026. These factors create a plausible multi month catalyst window, well matched to a 2–3 month options horizon. ________________________________________ Volatility & Options Environment •Implied volatility in FCX options has been running in the high 40% to ~50% range •IV percentile is elevated, indicating options are not cheap relative to the past year •Liquidity across FCX option chains remains strong, with tight bid/ask spreads and meaningful open interest Given this volatility backdrop, defined risk vertical spreads are preferred over naked long calls to reduce vega exposure and avoid overpaying for implied volatility.