Mixed options sentiment in Freeport McMoRan with shares down 2.38%

Mixed options sentiment in Freeport McMoRan (FCX), with shares down $1.00 near $41.19. Options volume relatively light with 31k contracts traded and calls leading puts for a put/call ratio of 0.86, compared to a typical level near 0.79. Implied volatility (IV30) is higher by 0.2 points near 37.39,and below the 52wk median, suggesting an expected daily move of $0.97. Put-call skew flattened, suggesting a modestly bullish tone.