Mixed options sentiment in Freeport McMoRan (FCX), with shares down 68c near $38.97.Options volume relatively light with 20k contracts traded and calls leading puts for a put/call ratio of 0.25, compared to a typical level near 0.89. Implied volatility (IV30) dropped 1.45 near 41.11,and above the 52wk median, suggesting an expected daily move of $1.01. Put-call skew flattened, suggesting a modestly bullish tone.
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