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 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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