Stockato

FCX — Bull Put Spread

FCX is range-bound mid-channel near $64 with heavy institutional call buying above and deep put buying below, creating ideal theta-harvest conditions for a credit spread. Credit $132, max risk $368…

RSI 56.5, mid-Bollinger (43%) — classic rangebound setupMassive $335K call buy at $80 strike (Sep) — floor under spotAnalyst target $68.27 with 19 buy/strong-buy ratings vs 1 sell