Mixed options sentiment in Freeport McMoRan with shares up 2.78%

Mixed options sentiment in Freeport McMoRan (FCX), with shares up $1.16, or 2.78, near $42.63. Options volume roughly in line with average with 30k contracts traded and puts leading calls for a put/call ratio of 1.15, compared to a typical level near 0.8. Implied volatility (IV30) dropped 0.25 near 37.61,and below the 52wk median, suggesting an expected daily move of $1.01. Put-call skew flattened, suggesting a modestly bullish tone.