Bullish option flow detected in Freeport McMoRan with 35,349 calls trading, 1.2x expected, and implied vol increasing over 1 point to 34.82%. Aug-24 48 puts and 7/5 weekly 50 calls are the most active options, with total volume in those strikes near 8,900 contracts. The Put/Call Ratio is 0.65. Earnings are expected on July 18th.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FCX:
- Freeport-McMoRan price target raised to $60 from $53 at Scotiabank
- Unusually active option classes on open May 22nd
- XME, PICK, COPX: Proposed Mining Mega Deal Bullish for These ETFs
- PICK ETF: Diversified Exposure to Industrial Metals as Prices Surge
- Freeport-McMoRan price target raised to $54 from $44 at Argus