Mixed options sentiment in Freeport McMoRan (FCX), with shares down 62c near $47.49. Options volume running well above average with 65k contracts traded and calls leading puts for a put/call ratio of 0.47, compared to a typical level near 0.51. Implied volatility (IV30) dropped 0.17 near 32.74,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.98. Put-call skew flattened, suggesting a modestly bullish tone.
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