Mixed options sentiment in Freeport McMoRan with shares down 3.15%

Mixed options sentiment in Freeport McMoRan (FCX), with shares down $1.83 near $56.26. Options volume roughly in line with average with 33k contracts traded and calls leading puts for a put/call ratio of 0.39, compared to a typical level near 0.61. Implied volatility (IV30) is higher by 1.0 points near 53.86, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.91. Put-call skew flattened, suggesting a modestly bullish tone.