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 5,944 calls trading, 1.1x expected, and implied vol increasing almost 2 points to 33.72%. 9/6 weekly 45.5 calls and Sep-24 42 puts are the most active options, with total volume in those strikes near 2,800 contracts. The Put/Call Ratio is 0.27. Earnings are expected on October 17th.

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