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Puts Trade In FCX – Large Put Buyers
Shares of Freeport McmoRan Inc (FCX) are down .12 to 10.41 today.? FCX is near the bottom of the 52 week range.
- Paper traded 15779 FCX Oct 10 puts for .68.
- The ADV is 75811 contracts.?
- The OI is 34711 contracts.
The volume went up in 1 block on the PHLX.? Buyers of these puts lifted several exchanges pushing the volume up to 26k+ plus contracts on the strike.? There is heavy open interest and as of now the buyers would be underwater on the put purchase.? The trade could be a close due to the high OI as FCX made 52 week lows today.
- IV 30 is trading for 75%.?
- HV10 is trading for 78%.?
- IV 30 is trading below 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.