Tour v394
FCX
FREEPORT-MCMORAN INC
$63.39 -2.48%
(7/22 18:03) ◀
|
Thursday, July 23, 2026 (2:05pm)
January 2026
|
▶ (7/23 18:01)
◀ 7/23 14:05 ▶

Option Volume

Detail
ℹ
Current (07/23 2:05pm) 41,165
Calls: 22,979 (56%)
Puts: 18,186 (44%)
Prior (07/22) 94,426
Calls: 60,641 (64%)
Puts: 33,785 (36%)
Current vs Prior -56.41%
Calls: -62.11% (Calls)
Puts: -46.17% (Puts)
Prior 7-Day Total 532,862
Calls: 344,105 (65%)
Puts: 188,757 (35%)
Prior 7-Day Average 76,123
Calls: 49,157 (65%)
Puts: 26,965 (35%)
Current vs Prior 7-Day Avg -45.92%
Calls: -53.25%
Puts: -32.56%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/23 2:05pm) $8.09M
Calls: $3.85M (48%)
Puts: $4.24M (52%)
Prior (07/22) $13.26M
Calls: $9.54M (72%)
Puts: $3.72M (28%)
Current vs Prior -39.00%
Calls: -59.66%
Puts: +14.01%
Prior 7-Day Total $159.46M
Calls: $115.62M (73%)
Puts: $43.84M (27%)
Prior 7-Day Average $22.78M
Calls: $16.52M (73%)
Puts: $6.26M (27%)
Current vs Prior 7-Day Avg -64.48%
Calls: -76.69%
Puts: -32.28%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/23 2:05pm) 0.79
Prior (07/22) 0.56
Current vs Prior +42.05%
Prior 7-Day Average 0.73
Current vs Prior 7-Day Avg +8.89%
Sentiment NEUTRAL

Open Interest

Detail
ℹ
Current (07/23 2:05pm) 1,076,762
Calls: 530,214 (49%)
Puts: 546,548 (51%)
Prior (07/22) 1,031,357
Calls: 496,637 (48%)
Puts: 534,720 (52%)
Current vs Prior +4.40%
Prior 7-Day Total 8,993,335
Calls: 4,821,144 (54%)
Puts: 4,172,191 (46%)
Prior 7-Day Average 1,284,762
Calls: 688,734 (54%)
Puts: 596,027 (46%)
Current vs Prior 7-Day Avg -16.19%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 4.31% | 7.45%12.70% | 16.69%
Prior 4.51% | 7.33%12.96% | 16.45%
Current vs Prior -4.57% | +1.64%-2.00% | +1.46%
Prior 7-Day Avg 4.57% | 7.78%12.96% | 16.45%
Current vs 7-Day Avg -5.86% | -4.33%-2.00% | +1.46%
Prior 7-Day Eod 4.51% | 7.33%12.20% | 16.35%
Current vs 7-Day Eod -4.57% | +1.64%+4.09% | +2.06%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 42.88% | 16.30%
Calls: 30.58% | 17.65%
Puts: 55.19% | 14.96%
Prior 69.36% | 20.28%
Calls: 65.68% | 19.38%
Puts: 73.04% | 21.18%
Current vs Prior -38.18% | -19.63%
Prior 7-Day Avg 41.81% | 16.52%
Calls: 30.38% | 16.94%
Puts: 53.25% | 16.10%
Current vs 7-Day Avg +2.55% | -1.36%
Liquidity Expensive
+
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🤖 AI Insights

Below-average activity with volume down 56% vs prior. P/C ratio rising 42% - increased hedging/bearish positioning.

Smart Money BEARISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH

📈 Options Analysis

🎯 Tightest Spreads
💰 Best Value Under $1
📊 High Delta (ITM)
🔥 High Volume
⏰ Backwardation
📈 Debit Spreads
📉 Credit Spreads
📅 Calendar Spreads
⚡ Straddles
🔀 Strangles
🦅 Iron Condors
🦋 Butterflies
⚖️ Ratio Spreads
🛡️ Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 45 of results (avg 7.4%, best 3.4%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$64.00Aug 213.503.70$3.605.6%190.5098
$55.00Aug 219.309.85$9.575.7%100.842.8K
$64.00Jul 311.791.90$1.855.9%3290.472.5K
$62.00Aug 144.004.25$4.136.1%300.59264
$65.00Aug 213.103.30$3.206.2%1.4K0.4712.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$55.00Aug 210.870.90$0.893.4%3200.1618.7K
$64.00Aug 213.904.10$4.005.0%310.4977
$63.00Aug 213.403.60$3.505.7%790.4678
$61.00Aug 212.492.64$2.575.8%4460.376
$63.00Aug 142.923.10$3.016.0%60.4530

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 12 found (avg $0.68, cheapest $0.12)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$68.00Jul 310.540.65$0.6018.3%3.4K0.211.6K
$70.00Aug 70.630.71$0.6711.9%890.19393
$67.00Jul 310.750.91$0.8319.3%650.271.1K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$60.00Jul 240.110.12$0.128.3%9260.096.1K
$52.00Aug 210.460.50$0.488.3%160.091.1K
$59.00Jul 310.550.62$0.5911.9%720.19132
$53.00Aug 210.560.66$0.6116.4%200.1238
$54.00Aug 210.700.81$0.7614.5%130.1433

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 94 found (avg delta 0.77, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$51.00Jul 2411.8013.00$12.409.7%21.005
$53.00Jul 249.9511.40$10.6813.6%21.0020
$56.00Jul 247.107.65$7.387.5%91.007
$57.00Jul 245.957.50$6.7323.0%41.0070
$58.00Jul 245.106.05$5.5717.1%81.00194
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$72.00Jul 247.909.25$8.5715.8%--0.9910
$70.00Jul 246.157.90$7.0324.9%30.9830
$69.00Jul 245.306.15$5.7314.8%10.9724
$68.00Jul 243.955.90$4.9339.6%--0.9653
$72.00Jul 318.1010.00$9.0521.0%--0.92226

Most actively traded options today. High liquidity = easy entry/exit. 190 active (total vol 27.3K, top 5.5K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$68.00Jul 240.030.06$0.0560.0%5.5K0.047.0K
$68.00Jul 310.540.65$0.6018.3%3.4K0.211.6K
$69.00Jul 240.010.04$0.03100.0%1.6K0.032.4K
$65.00Jul 240.300.42$0.3633.3%1.5K0.265.5K
$65.00Aug 213.103.30$3.206.2%1.4K0.4712.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$60.00Jul 240.110.12$0.128.3%9260.096.1K
$60.00Aug 212.122.27$2.206.8%8090.3311.4K
$63.00Jul 311.801.96$1.888.5%5750.451.5K
$63.00Jul 240.660.94$0.8035.0%5390.431.1K
$64.00Jul 241.091.94$1.5255.9%5380.581.2K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 49 strikes (avg 113.2%, max 476.3%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$76.00Jul 24Aug 7334.1%58.0%476.3%18100
$75.00Jul 24Aug 28265.0%46.8%465.7%--306
$52.00Jul 24Aug 28219.3%58.6%274.4%2108
$74.00Jul 24Aug 7210.5%56.3%274.0%2250
$51.00Jul 24Aug 21206.3%58.8%251.1%255
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$52.00Jul 24Aug 28219.3%58.6%274.4%342.3K
$51.00Jul 24Aug 28206.3%58.3%254.1%1474
$55.00Jul 24Sep 4162.2%49.9%225.1%711.6K
$54.00Jul 24Aug 28172.5%54.1%218.7%7634
$71.00Jul 24Jul 31157.8%57.0%176.9%156

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 138 found (best R:R 10.76, avg 2.79)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$73.00$75.00Aug 14$0.17$1.83$0.1710.76$73.17
$66.00$67.00Jul 24$0.10$0.90$0.109.00$66.10
$69.00$70.00Jul 31$0.11$0.89$0.118.09$69.11
$74.00$75.00Aug 7$0.11$0.89$0.118.09$74.11
$72.00$73.00Aug 14$0.11$0.89$0.118.09$72.11
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$57.00$56.00Jul 31$0.10$0.90$0.109.00$56.90
$58.00$57.00Jul 31$0.11$0.89$0.118.09$57.89
$57.00$56.00Aug 7$0.11$0.89$0.118.09$56.89
$58.00$57.00Aug 7$0.11$0.89$0.118.09$57.89
$55.00$54.00Aug 14$0.11$0.89$0.118.09$54.89

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 175 found (best R:R 24.00, avg 1.62)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$52.00$55.00Jul 31$2.88$2.88$0.1224.00$54.88
$51.00$56.00Aug 7$4.60$4.60$0.4011.50$55.60
$56.00$57.00Aug 7$0.88$0.88$0.127.33$56.88
$52.00$53.00Jul 24$0.87$0.87$0.136.69$52.87
$53.00$54.00Aug 14$0.87$0.87$0.136.69$53.87
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$73.00$70.00Aug 7$2.77$2.77$0.2312.04$70.23
$74.00$72.00Jul 31$1.83$1.83$0.1710.76$72.17
$75.00$70.00Aug 21$4.32$4.32$0.686.35$70.68
$69.00$67.00Aug 7$1.70$1.70$0.305.67$67.30
$74.00$73.00Aug 7$0.85$0.85$0.155.67$73.15

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 38 found (avg debit $0.52, cheapest $0.07)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$56.00Jul 24Jul 31$0.12120.5%62.1%
$74.00Jul 24Jul 31$0.14210.5%85.0%
$72.00Jul 24Jul 31$0.1897.8%58.4%
$54.00Jul 24Aug 14$0.21172.5%59.1%
$70.00Jul 24Jul 31$0.2889.1%55.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$55.00Jul 24Jul 31$0.07162.2%66.1%
$53.00Jul 24Jul 31$0.08134.2%67.5%
$54.00Jul 24Jul 31$0.08172.5%71.4%
$68.00Jul 24Jul 31$0.1274.2%55.0%
$74.00Jul 31Aug 7$0.1285.0%56.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 91 found (cheapest 3.17% of stock, avg 11.90%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$63.00Jul 24$1.21$0.80$2.01$60.99$65.013.17%
$64.00Jul 24$0.75$1.52$2.27$61.73$66.273.58%
$62.00Jul 24$1.87$0.41$2.28$59.72$64.283.60%
$65.00Jul 24$0.36$2.06$2.42$62.58$67.423.82%
$61.00Jul 24$2.67$0.26$2.93$58.07$63.934.62%
$66.00Jul 24$0.22$3.19$3.41$62.59$69.415.38%
$60.00Jul 24$3.68$0.12$3.80$56.20$63.805.99%
$67.00Jul 24$0.12$3.75$3.87$63.13$70.876.11%
$64.00Jul 31$1.85$2.34$4.19$59.81$68.196.61%
$63.00Jul 31$2.38$1.88$4.26$58.74$67.266.72%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 152 found (cheapest 0.46% of stock, avg 5.82%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$66.00$59.00Jul 24$0.22$0.07$0.29$58.71$66.29
$66.00$60.00Jul 24$0.22$0.12$0.34$59.66$66.34
$65.00$59.00Jul 24$0.36$0.07$0.43$58.57$65.43
$65.00$60.00Jul 24$0.36$0.12$0.48$59.52$65.48
$66.00$61.00Jul 24$0.22$0.26$0.48$60.52$66.48
$65.00$61.00Jul 24$0.36$0.26$0.62$60.38$65.62
$66.00$62.00Jul 24$0.22$0.41$0.63$61.37$66.63
$75.00$59.00Jul 24$0.61$0.07$0.68$58.32$75.68
$75.00$60.00Jul 24$0.61$0.12$0.73$59.27$75.73
$65.00$62.00Jul 24$0.36$0.41$0.77$61.23$65.77

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 221 found (best R:R 11.50, avg credit $0.85)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
53/5455/57Aug 21$1.84$0.1611.50$52.16$56.84
52/5355/57Aug 21$1.82$0.1810.11$51.18$56.82
58/5960/61Jul 31$0.90$0.109.00$58.10$60.90
62/6364/65Aug 14$0.89$0.118.09$62.11$64.89
58/5960/61Aug 21$0.89$0.118.09$58.11$60.89
52/5354/58Aug 14$3.53$0.477.51$49.47$57.53
60/6162/63Jul 31$0.88$0.127.33$60.12$62.88
58/5960/61Aug 7$0.88$0.127.33$58.12$60.88
56/5760/61Aug 14$0.88$0.127.33$56.12$60.88
61/6263/64Aug 14$0.88$0.127.33$61.12$63.88

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 84 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$67.00$68.00$69.00Jul 31$0.05$0.9519.00
$65.00$66.00$67.00Aug 7$0.05$0.9519.00
$66.00$67.00$68.00Aug 7$0.05$0.9519.00
$68.00$69.00$70.00Aug 14$0.05$0.9519.00
$64.00$65.00$66.00Aug 28$0.05$0.9519.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$59.00$60.00$61.00Jul 31$0.05$0.9519.00
$56.00$57.00$58.00Jul 24$0.06$0.9415.67
$55.00$56.00$57.00Jul 31$0.06$0.9415.67
$58.00$59.00$60.00Aug 7$0.06$0.9415.67
$61.00$62.00$63.00Aug 14$0.06$0.9415.67

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 94 found (best net $-0.01, 88 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$73.00$75.001:2Aug 28-$0.01$1.99
$51.00$56.001:2Aug 7-$3.18$1.82
$73.00$75.001:2Aug 14-$0.33$1.67
$65.00$66.001:2Jul 24-$0.08$0.92
$73.00$74.001:2Aug 7-$0.08$0.92
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$69.00$65.001:2Aug 28-$2.21$1.79
$75.00$70.001:2Aug 21-$3.61$1.39
$52.00$51.001:2Jul 24$0.00$1.00
$54.00$53.001:2Jul 31$0.00$1.00
$53.00$52.001:2Aug 14-$0.06$0.94

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 54 found (best yield 5.84%, avg 2.11%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$64.00Aug 28$3.700.511.0%5.84%6.80%205
$64.00Aug 21$3.500.501.0%5.52%6.48%1998
$65.00Aug 28$3.250.472.5%5.13%7.67%3376
$65.00Aug 21$3.100.472.5%4.89%7.43%1.4K12.2K
$64.00Aug 14$3.000.501.0%4.73%5.69%--216
$66.00Aug 28$2.850.434.1%4.50%8.61%115
$66.00Aug 21$2.680.424.1%4.23%8.35%14310
$65.00Aug 14$2.580.452.5%4.07%6.61%199
$64.00Aug 7$2.440.491.0%3.85%4.81%16169
$65.00Sep 4$2.380.472.5%3.75%6.29%1--

Current 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Prior's 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Current Put/Call Breakdown

Total Calls 22,979
Total Puts 18,186
Put/Call Ratio 0.79
Net Difference 4,793

Prior's Put/Call Breakdown

Total Calls 60,641
Total Puts 33,785
Put/Call Ratio 0.56
Net Difference 26,856

Prior 7-Day Put/Call Summary

Total Calls 344,105
Total Puts 188,757
Average Put/Call Ratio 0.73
Ratio Trend Rising

Daily Put/Call History (Last 7 Days)

Date Calls Puts Ratio Net Diff
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Upcoming Earnings - 2 Weeks Prior

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Upcoming Earnings - 1 Week Prior

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Earnings This Week

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Earnings - Day Before / Day After

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Options Activity Around Earnings

Ticker Earnings Date Days Away Call Volume Put Volume IV Rank
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Chart Title

Price — Past 7 Days

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