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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Read More on FCX:
- Early notable gainers among liquid option names on May 23rd
- Freeport-McMoRan price target raised to $43 from $40 at Scotiabank
- Mixed options sentiment in Freeport McMoRan (FCX), with shares up $0.69 (+1.78%) near $39.80.
- 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.
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