Mixed options sentiment in Freeport McMoRan (FCX), with shares up 60c, or 1.35%, near $45.41. Options volume roughly in line with average with 49k contracts traded and calls leading puts for a put/call ratio of 0.57, compared to a typical level near 0.56. Implied volatility (IV30) dropped 0.8 near 36.82,and below the 52wk median, suggesting an expected daily move of $1.05. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Equal Weight at Morgan Stanley.Looking ahead: Freeport McMoRan (FCX) will report earnings before the open on 2025-07-23.Option markets are pricing in a 50% probability of a move greater than 4.45% or $2.02.
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