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Freeport McMoRan call volume above normal and directionally bullish

Bullish option flow detected in Freeport McMoRan with 51,658 calls trading, 2x expected, and implied vol increasing almost 2 points to 40.31%. Jun-26 55 calls and Jan-26 55 calls are the most active options, with total volume in those strikes near 12,100 contracts. The Put/Call Ratio is 0.26. Earnings are expected on January 22nd.

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