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Mixed options sentiment in Freeport McMoRan (FCX), with shares up $0.76 (+2.04%) near $37.77.

Options volume is relatively light, with 14k contracts traded and calls leading puts for a put/call ratio of 0.49, compared to a typical level near 0.7. Implied volatility (IV30) dropped 1.42 to 42.39,in the top quartile, suggesting an expected daily move of $1.01. Put-call skew flattened, suggesting a modestly bullish tone.

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