Bullish flow in Freeport McMoRan (FCX), with shares up 20c, or 0.5%, near $41.16. Options volume relatively light with 38k contracts traded and calls leading puts for a put/call ratio of 0.9, compared to a typical level near 0.52. Implied volatility (IV30) is higher by 0.9 points near 46.4,in the top quartile of the past year, suggesting an expected daily move of $1.20. Put-call skew flattened, suggesting a modestly bullish tone.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FCX:
- Strategic Operational Developments and Market Conditions Drive Buy Rating for Freeport-McMoRan
- Trump Weekly: China to suspend some controls on rare earths
- Trump Trade: Nvidia says no active talks on selling Blackwell chip to China
- U.S. adds silver, copper to ‘critical minerals’ list, Financial Times says
- Amarc, Freeport continue to expand AuRORA copper-gold-silver deposity