Bullish flow in Freeport McMoRan (FCX) with shares up $1.91 (+4.73%) near

Bullish flow in Freeport McMoRan (FCX) with shares up $1.91 (+4.73%) near $42.16 following an upgrade at JPMorgan. Call volume 8x normalin the first hour with 90k contracts trading, leading puts 20:1. Focus on the May 50 strike calls, bought 25k times for 60c just after 10am when shares were near $41.90. Flow may add to 37k bought last wk for 45c when shares were near $40.27.