Moderately bullish action in FCX Options today. Total volume over 100K contracts is 4x normal today with calls dominating the flow as shares trade near $40.30, up $0.46 (+1.14%), with stock volume on track to exceed its daily average. Implied volatility (IV30) is up 0.52 to 42.75, ranking in the highest 10% of the past year. Skew is steepening, indicating a higher risk premium in put contracts over calls.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FCX:
- Robinhood initiated, MongoDB downgraded: Wall Street’s top analyst calls
- Deutsche upgrades Freeport-McMoRan to Buy on ‘valuation disconnect’
- Freeport-McMoRan upgraded to Buy from Hold at Deutsche Bank
- Trump comments spark copper price surge, Bloomberg reports
- Trump Weekly: Mexico, Canada tariffs coming, EU could be next
Questions or Comments about the article? Write to editor@tipranks.com