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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 25,027 calls trading, 1.5x expected, and implied vol increasing almost 2 points to 40.08%. Jan-25 50 calls and 11/29 weekly 52 calls are the most active options, with total volume in those strikes near 14,800 contracts. The Put/Call Ratio is 0.11. Earnings are expected on January 23rd.

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