Freeport McMoRan call volume above normal and directionally bullish

Bullish option flow detected in Freeport McMoRan with 65,917 calls trading, 3x expected, and implied vol increasing over 2 points to 38.46%. Jun-25 45 calls and Feb-25 45 calls are the most active options, with total volume in those strikes near 34,900 contracts. The Put/Call Ratio is 0.10. Earnings are expected on January 23rd.