Bullish flow in Freeport McMoRan (FCX), with shares up $2.04, or 4.94%, near $43.20. Options volume running well above average with 123k contracts traded and calls leading puts for a put/call ratio of 0.11, compared to a typical level near 0.47. Implied volatility (IV30) is higher by 3.8 points near 44.73,in the top quartile of the past year, suggesting an expected daily move of $1.22. Put-call skew flattened, suggesting a modestly bullish tone.
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