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.
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Published first on TheFly
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