Options volume is roughly in line with average, with 30k contracts traded and puts leading calls for a put/call ratio of 1.05, compared to a typical level near 0.7. Implied volatility (IV30) dropped 2.47 to 37.86,above the median, suggesting an expected daily move of $0.95. Put-call skew steepened, indicating increased demand for downside protection.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FCX:
- Mixed options sentiment in Freeport McMoRan (FCX), with shares up $1.60 (+4.23%) near $39.46.
- Mixed options sentiment in Freeport McMoRan (FCX), with shares up $0.76 (+2.04%) near $37.77.
- Freeport-McMoRan Earnings Call Highlights Growth Amid Challenges
- Freeport-McMoRan price target raised to $50 from $48 at Jefferies
- Freeport-McMoRan price target raised to $52 from $51 at Raymond James