Freeport McMoRan Shares Rise 2.09%
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.
