Freeport McMoRan call volume above normal and directionally bullish

Bullish option flow detected in Freeport McMoRan with 19,749 calls trading, 2x expected, and implied vol increasing over 1 point to 50.45%. Feb-23 38 calls and Jan-23 40.5 calls are the most active options, with total volume in those strikes near 10,700 contracts. The Put/Call Ratio is 0.53. Earnings are expected on January 26th.