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 35,349 calls trading, 1.2x expected, and implied vol increasing over 1 point to 34.82%. Aug-24 48 puts and 7/5 weekly 50 calls are the most active options, with total volume in those strikes near 8,900 contracts. The Put/Call Ratio is 0.65. Earnings are expected on July 18th.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Related Articles
TheFlyFreeport-McMoRan price target raised to $53 from $52 at Scotiabank
TheFlyScotiabank downgrades Freeport-McMoRan on recent share rally
TheFlyFreeport-McMoRan downgraded to Sector Perform from Outperform at Scotiabank
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App