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Freeport McMoRan call volume above normal and directionally bullish

Bullish option flow detected in Freeport McMoRan with 5,944 calls trading, 1.1x expected, and implied vol increasing almost 2 points to 33.72%. 9/6 weekly 45.5 calls and Sep-24 42 puts are the most active options, with total volume in those strikes near 2,800 contracts. The Put/Call Ratio is 0.27. Earnings are expected on October 17th.

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