Mixed options sentiment in Freeport McMoRan (FCX), with shares up $1.18, or 2.09%, near $57.66. Options volume roughly in line with average with 21k contracts traded and calls leading puts for a put/call ratio of 0.68, compared to a typical level near 0.69. Implied volatility (IV30) dropped 1.03 near 56.19, 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:
- Trump Trade: TotalEnergies to shift capital from wind to natural gas
- Trump to launch ‘Pax Silica’ fund to invest in energy, semis, NYT reports
- Freeport-McMoRan Announces Director Robert Dudley’s Planned Exit
- Bearish options flow identified in Freeport McMoRan with shares down 4.69%
- Video: Micron, Alibaba moving lower after earnings