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Freeport McMoRan call volume above normal and directionally bullish
The Fly

Freeport McMoRan call volume above normal and directionally bullish

Bullish option flow detected in Freeport McMoRan with 35,349 calls trading, 1.2x expected, and implied vol increasing over 1 point to 34.82%. Aug-24 48 puts and 7/5 weekly 50 calls are the most active options, with total volume in those strikes near 8,900 contracts. The Put/Call Ratio is 0.65. Earnings are expected on July 18th.

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