Shares of Freeport McMoRan Copper (FCX) are down .10 to 38.93. FCX is near the upper end of the 52 week range.
Today paper traded 25500 FCX Jul 35 calls at 4.2.? The ADV is 34916 contracts. The OI is 20569 contracts.
The volume went up in 5 large blocks.? Calls are trading on all strikes as traders attempt to capture the dividend.? As much as the OCC is trying to stop this play, it is still alive and well.? The div is .3125 going ex-d on the 11th.
?30-day implied volatility is 25%.?? 10-day implied volatility is 13%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Freeport-McMoRan Copper & Gold Inc. (FCX) is an international mining company. FCX is one of the copper, gold and molybdenum mining companies in terms of reserves and production.