20750 FCX May 20 calls went up in 1 block on the ISE marked autoex.?
Shares of Freeport-McMoRan Inc. (FCX) are down .19 to 12.75. ?FCX is near the lower end of the 52 week range.
- Paper traded 20750 FCX May 20 calls for .53. ?
- The ADV is 83980 contracts.?
- The OI is 200 contracts.
The volume went up in 1 block on the ISE marked autoex.? A block of 456500 shares of FCX went up for 13.04 marked with options.? The May call block and stock block is roughly delta neutral.? The trader looks like they are buying stock and selling calls roughly 1 to 4.? A slow move up the 20 would be ideal for this trade.
- IV 30 is trading for 67%.?
- HV10 is trading for 63%.
- IV 30 is trading above the HV 10.
Freeport-McMoRan Inc. (FCX) is a natural resource company with an industry portfolio of mineral assets, oil and natural gas resources, and a production profile.