Bearish flow noted in Freeport McMoRan with 36,917 puts trading, or 1.7x expected. Most active are 3/31 weekly 35.5 puts and Jan-24 33 puts, with total volume in those strikes near 21,500 contracts. The Put/Call Ratio is 1.96, while ATM IV is up over 1 point on the day. Earnings are expected on April 20th.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on FCX:
- Freeport-McMoRan transferred with Outperform rating at BMO Capital
- Freeport-McMoRan upgraded to Outperform from Sector Perform at Scotiabank
- Early notable gainers among liquid option names on March 8th
- Early notable gainers among liquid option names on March 1st
- Freeport-McMoRan price target raised to $41 from $32 at UBS