Mixed options sentiment in Freeport McMoRan (FCX), with shares down $2.13 near $57.08. Options volume roughly in line with average with 27k contracts traded and puts leading calls for a put/call ratio of 1.23, compared to a typical level near 0.56. Implied volatility (IV30) dropped 0.38 near 56.73, in the highest 10% of observations over the past year, suggesting an expected daily move of $2.04. Put-call skew flattened, suggesting a modestly bullish tone.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FCX:
- Dip in Freeport-McMoRan creates ‘compelling opportunity’, says Barron’s
- Mixed options sentiment in Freeport McMoRan with shares up 1.47%
- Upstart, Albemarle, Honeywell, Medtronic, Freeport Insiders Act
- Freeport-McMoRan price target raised to $81 from $68 at BofA
- Freeport-McMoRan Advances Grasberg Rights with Indonesian MOU