FCX240517P00039000 Option on Freeport McMoran Copper
| FCX Stock | USD 50.49 0.79 1.59% |
Freeport McMoran's latest option contracts expiring on 2024-06-07 are carrying combined implied volatility of 57.05 with a put-to-call open interest ratio of 0.73 over 70 outstanding agreements suggesting investors are buying slightly more calls than puts on contracts expiring on 2024-06-07. The current put volume is at 12142, with calls trading at the volume of 20592. This yields a 0.59 put-to-call volume ratio.
Open Interest Against 2024-06-07 Option Contracts
Freeport McMoran option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in Freeport McMoran's lending market. For example, when Freeport McMoran's puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on Freeport McMoran, he or she must hedge the risk by shorting Freeport McMoran stock over its option's life.
2024-06-07
The chart above shows Freeport McMoran's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Freeport McMoran's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Freeport McMoran's option, there is no secondary market available for investors to trade.
Freeport McMoran Maximum Pain Price across 2024-06-07 Option Contracts
Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as Freeport McMoran close to expiration to expire worthless. According to most research, approximately 10% to 15% of all stock options are exercised, while about 35% expire worthlessly, with roughly 50% traded out before the expiration date. So, Max pain occurs when market makers reach a net positive position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthless.
Freeport McMoran's option chain provides insight into all available option contracts written on Freeport McMoran's stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of Freeport McMoran's stock options below provides a detailed picture of the payoff. Comparing vital and dynamic information of various option contracts across diverse expiration periods will help you make an educated decision on your market timing strategies around investing in a given Freeport option contract.
In The Money vs. Out of Money Option Contracts on Freeport McMoran
Analyzing Freeport McMoran's in-the-money options over time can help investors to take a profitable long position in Freeport McMoran regardless of its overall volatility. This is especially true when Freeport McMoran's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Freeport McMoran's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Freeport McMoran's stock while costing only a fraction of its price.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Freeport McMoran Copper Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
Freeport McMoran Copper In The Money Call Balance
When Freeport McMoran's strike price is surpassing the current stock price, the option contract against Freeport McMoran Copper Gold stock is said to be in the money. When it comes to buying Freeport McMoran's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on Freeport McMoran Copper Gold are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.
Freeport Current Options Market Mood
Freeport McMoran's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Freeport Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.
Put-to-Call Open Interest
Put-to-Call Volume
Most options investors, including buyers and sellers of Freeport McMoran's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Freeport McMoran's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction. Using current Freeport McMoran's option volume and open interest to make an investment decision is considered a contrarian-sentiment measure that can be utilized in many timing strategies in both derivative and spot marketplace.
Rule 16 of the current Freeport contract
Base on the Rule 16, the options market is currently suggesting that Freeport McMoran Copper Gold will have an average daily up or down price movement of about 3.57% per day over the life of the 2024-06-07 option contract. With Freeport McMoran trading at USD 50.49, that is roughly USD 1.8. If you think that the market is fully incorporating Freeport McMoran's daily price movement you should consider buying Freeport McMoran Copper Gold options at the current volatility level of 57.05%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Freeport |
Purchasing Freeport McMoran options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" Freeport calls. Remember, the seller must deliver Freeport McMoran Copper Gold stock to the call owner when a call is exercised.
Freeport McMoran Option Chain
When Freeport McMoran's strike price is surpassing the current stock price, the option contract against Freeport McMoran Copper Gold stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
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Freeport McMoran's option chain is a display of a range of information that helps investors for ways to trade options on Freeport. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Freeport. It also shows strike prices and maturity days for a Freeport McMoran against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone. | Delta | Gamma | Open Int | Expiration | Current Spread | Last Price | |||
Call | 2024-06-07 CALL at $30.0 | 0.9814 | 0.0035 | 0 | 2024-06-07 | 18.75 - 20.85 | 0.0 | In |
Call | 2024-06-07 CALL at $35.0 | 0.8998 | 0.0113 | 0 | 2024-06-07 | 12.8 - 15.55 | 0.0 | In |
Call | 2024-06-07 CALL at $38.0 | 0.9379 | 0.0132 | 0 | 2024-06-07 | 11.1 - 12.85 | 0.0 | In |
Call | 2024-06-07 CALL at $39.0 | 0.8551 | 0.0175 | 0 | 2024-06-07 | 9.05 - 11.8 | 0.0 | In |
Call | 2024-06-07 CALL at $40.0 | 0.9163 | 0.0185 | 17 | 2024-06-07 | 7.65 - 10.05 | 9.44 | In |
Call | 2024-06-07 CALL at $41.0 | 0.8715 | 0.0228 | 0 | 2024-06-07 | 7.65 - 9.35 | 0.0 | In |
Call | 2024-06-07 CALL at $42.0 | 0.8788 | 0.0262 | 5 | 2024-06-07 | 6.85 - 8.2 | 10.84 | In |
Call | 2024-06-07 CALL at $43.0 | 0.8746 | 0.0309 | 70 | 2024-06-07 | 6.35 - 7.15 | 6.6 | In |
Call | 2024-06-07 CALL at $44.0 | 0.8213 | 0.0365 | 3 | 2024-06-07 | 4.35 - 6.45 | 8.63 | In |
Call | 2024-06-07 CALL at $45.0 | 0.8487 | 0.0464 | 49 | 2024-06-07 | 4.55 - 5.7 | 4.26 | In |
Call | 2024-06-07 CALL at $45.5 | 0.894 | 0.0504 | 0 | 2024-06-07 | 2.8 - 4.4 | 0.0 | In |
Call | 2024-06-07 CALL at $46.0 | 0.8554 | 0.0603 | 37 | 2024-06-07 | 3.2 - 4.0 | 3.3 | In |
Call | 2024-06-07 CALL at $46.5 | 0.7986 | 0.0673 | 1 | 2024-06-07 | 2.56 - 3.7 | 5.65 | In |
Call | 2024-06-07 CALL at $47.0 | 0.883 | 0.0822 | 37 | 2024-06-07 | 2.8 - 2.9 | 2.69 | In |
Call | 2024-06-07 CALL at $47.5 | 0.8269 | 0.1038 | 0 | 2024-06-07 | 2.35 - 2.54 | 1.82 | In |
Call | 2024-06-07 CALL at $48.0 | 0.7936 | 0.1306 | 76 | 2024-06-07 | 1.93 - 2.01 | 1.88 | In |
Call | 2024-06-07 CALL at $48.5 | 0.7329 | 0.1612 | 97 | 2024-06-07 | 1.54 - 1.57 | 1.55 | In |
Call | 2024-06-07 CALL at $49.0 | 0.6487 | 0.1874 | 599 | 2024-06-07 | 1.19 - 1.23 | 1.19 | In |
Call | 2024-06-07 CALL at $49.5 | 0.5495 | 0.1945 | 8 | 2024-06-07 | 0.89 - 0.94 | 0.92 | In |
Call | 2024-06-07 CALL at $50.0 | 0.4504 | 0.199 | 419 | 2024-06-07 | 0.66 - 0.7 | 0.66 | Out |
Call | 2024-06-07 CALL at $51.0 | 0.2715 | 0.1638 | 989 | 2024-06-07 | 0.32 - 0.35 | 0.33 | Out |
Call | 2024-06-07 CALL at $52.0 | 0.1386 | 0.1094 | 3110 | 2024-06-07 | 0.13 - 0.15 | 0.14 | Out |
Call | 2024-06-07 CALL at $53.0 | 0.0737 | 0.0645 | 3033 | 2024-06-07 | 0.06 - 0.07 | 0.07 | Out |
Call | 2024-06-07 CALL at $54.0 | 0.0424 | 0.0384 | 2687 | 2024-06-07 | 0.03 - 0.04 | 0.04 | Out |
Call | 2024-06-07 CALL at $55.0 | 0.0221 | 0.0214 | 3941 | 2024-06-07 | 0.01 - 0.02 | 0.02 | Out |
Call | 2024-06-07 CALL at $56.0 | 0.0115 | 0.0117 | 1481 | 2024-06-07 | 0.01 - 0.02 | 0.01 | Out |
Call | 2024-06-07 CALL at $57.0 | 0.0103 | 0.0094 | 1028 | 2024-06-07 | 0.0 - 0.01 | 0.01 | Out |
Call | 2024-06-07 CALL at $58.0 | 0.0094 | 0.0078 | 5753 | 2024-06-07 | 0.0 - 0.01 | 0.01 | Out |
Call | 2024-06-07 CALL at $59.0 | 0.015 | 0.0098 | 62 | 2024-06-07 | 0.0 - 0.24 | 0.02 | Out |
Call | 2024-06-07 CALL at $60.0 | 0.0081 | 0.0058 | 1078 | 2024-06-07 | 0.0 - 0.01 | 0.01 | Out |
Put | 2024-06-07 PUT at $40.0 | -0.0067 | 0.0042 | 158 | 2024-06-07 | 0.0 - 0.02 | 0.01 | Out |
Put | 2024-06-07 PUT at $41.0 | -0.0074 | 0.0051 | 105 | 2024-06-07 | 0.0 - 0.02 | 0.01 | Out |
Put | 2024-06-07 PUT at $42.0 | -0.0142 | 0.0093 | 141 | 2024-06-07 | 0.0 - 0.02 | 0.02 | Out |
Put | 2024-06-07 PUT at $43.0 | -0.0189 | 0.0131 | 552 | 2024-06-07 | 0.01 - 0.04 | 0.01 | Out |
Put | 2024-06-07 PUT at $44.0 | -0.0305 | 0.0209 | 38 | 2024-06-07 | 0.02 - 0.04 | 0.04 | Out |
Put | 2024-06-07 PUT at $45.0 | -0.0386 | 0.0294 | 314 | 2024-06-07 | 0.04 - 0.05 | 0.03 | Out |
Put | 2024-06-07 PUT at $45.5 | -0.0452 | 0.036 | 0 | 2024-06-07 | 0.04 - 0.06 | 0.07 | Out |
Put | 2024-06-07 PUT at $46.0 | -0.0621 | 0.048 | 150 | 2024-06-07 | 0.05 - 0.09 | 0.07 | Out |
Put | 2024-06-07 PUT at $46.5 | -0.0806 | 0.062 | 0 | 2024-06-07 | 0.07 - 0.11 | 0.09 | Out |
Put | 2024-06-07 PUT at $47.0 | -0.1072 | 0.0807 | 574 | 2024-06-07 | 0.1 - 0.14 | 0.15 | Out |
Put | 2024-06-07 PUT at $47.5 | -0.1446 | 0.1045 | 170 | 2024-06-07 | 0.15 - 0.18 | 0.2 | Out |
Put | 2024-06-07 PUT at $48.0 | -0.2031 | 0.1315 | 298 | 2024-06-07 | 0.21 - 0.26 | 0.25 | Out |
Put | 2024-06-07 PUT at $48.5 | -0.2674 | 0.1613 | 210 | 2024-06-07 | 0.32 - 0.35 | 0.34 | Out |
Put | 2024-06-07 PUT at $49.0 | -0.3566 | 0.181 | 976 | 2024-06-07 | 0.48 - 0.51 | 0.51 | Out |
Put | 2024-06-07 PUT at $49.5 | -0.4504 | 0.197 | 497 | 2024-06-07 | 0.68 - 0.72 | 0.76 | Out |
Put | 2024-06-07 PUT at $50.0 | -0.5526 | 0.2067 | 4423 | 2024-06-07 | 0.92 - 0.97 | 0.92 | In |
Put | 2024-06-07 PUT at $51.0 | -0.726 | 0.1625 | 1609 | 2024-06-07 | 1.55 - 1.65 | 1.63 | In |
Put | 2024-06-07 PUT at $52.0 | -0.8419 | 0.1105 | 3965 | 2024-06-07 | 2.37 - 2.57 | 2.6 | In |
Put | 2024-06-07 PUT at $53.0 | -0.9361 | 0.0608 | 2779 | 2024-06-07 | 3.2 - 4.3 | 3.35 | In |
Put | 2024-06-07 PUT at $54.0 | -0.7624 | 0.0577 | 292 | 2024-06-07 | 4.05 - 5.0 | 5.0 | In |
Put | 2024-06-07 PUT at $55.0 | -0.7741 | 0.0487 | 198 | 2024-06-07 | 5.05 - 6.2 | 6.05 | In |
Put | 2024-06-07 PUT at $56.0 | -0.8384 | 0.0432 | 45 | 2024-06-07 | 6.1 - 7.4 | 3.27 | In |
Put | 2024-06-07 PUT at $57.0 | -0.9218 | 0.0315 | 1 | 2024-06-07 | 6.9 - 7.45 | 5.2 | In |
Put | 2024-06-07 PUT at $58.0 | -0.8775 | 0.0325 | 0 | 2024-06-07 | 6.35 - 8.65 | 0.0 | In |
Put | 2024-06-07 PUT at $59.0 | -0.9994 | 0.232 | 0 | 2024-06-07 | 8.9 - 9.7 | 0.0 | In |
Put | 2024-06-07 PUT at $60.0 | -0.8723 | 0.0272 | 0 | 2024-06-07 | 9.8 - 10.75 | 0.0 | In |
Put | 2024-06-07 PUT at $61.0 | -0.9707 | 0.0128 | 0 | 2024-06-07 | 10.95 - 11.75 | 0.0 | In |
Put | 2024-06-07 PUT at $62.0 | -0.9636 | 0.0135 | 0 | 2024-06-07 | 11.15 - 13.6 | 0.0 | In |
Put | 2024-06-07 PUT at $63.0 | -0.8724 | 0.0219 | 0 | 2024-06-07 | 12.3 - 13.85 | 0.0 | In |
Put | 2024-06-07 PUT at $64.0 | -0.87 | 0.0207 | 0 | 2024-06-07 | 13.55 - 14.9 | 0.0 | In |
Put | 2024-06-07 PUT at $65.0 | -0.961 | 0.0117 | 0 | 2024-06-07 | 14.55 - 16.25 | 0.0 | In |
Freeport McMoran Total Stockholder Equity Over Time
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders. Total Stockholder Equity |
| Timeline |
Freeport McMoran Common Stock Shares Outstanding Over Time
The total number of shares of a company's common stock that are currently owned by all its shareholders. Common Stock Shares Outstanding |
| Timeline |
Freeport Total Stockholder Equity
Total Stockholder Equity |
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Freeport McMoran Corporate Directors
| Dustan McCoy | Lead Independent Director | Profile | |
| Frances Townsend | Independent Director | Profile | |
| David Joint | Director - Investor Relations | Profile | |
| Lydia Kennard | Independent Director | Profile |
Additional Tools for Freeport Stock Analysis
When running Freeport McMoran's price analysis, check to measure Freeport McMoran's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Freeport McMoran is operating at the current time. Most of Freeport McMoran's value examination focuses on studying past and present price action to predict the probability of Freeport McMoran's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Freeport McMoran's price. Additionally, you may evaluate how the addition of Freeport McMoran to your portfolios can decrease your overall portfolio volatility.