Freeport-McMoRan (FCX) Options Chain

NYSE: FCXBasic MaterialsMetal MiningUSD

73.69+2.55 (+3.58%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Jan 15, 2027
Days to expiration: 96
Share price: $73.69
Put/call ratio (OI): 1.31
Put/call ratio (volume): 0.50
ATM implied volatility: 46.4%
Expected move: ±$17.54
Open interest (C / P): 156.07K / 204.85K

FCX options summary

The FCX options chain for the January 15, 2027 expiration lists 33 call and 30 put contracts, with 96 days until expiration. Open interest stands at 156,067 calls and 204,853 puts, a put/call ratio of 1.31, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $72.50 strike is 46.4%, which implies the market expects a move of about ±$17.54 (23.8%) in Freeport-McMoRan stock by expiration.

The most open interest sits at the $80.00 call (23.14K contracts) and the $35.00 put (31.12K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

FCX options chain · January 15, 2027

FCX calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
429	200	154.3%	56.70	57.00	60.80	15.00	0.00	0.03	0.02	110.9%	1	3,240
259	1	121.9%	51.00	51.95	55.75	20.00	0.00	0.18	0.01	112.1%	1	3,060
228	1	120.0%	55.12	49.50	52.45	23.00	0.00	0.16	0.01	99.2%	5	1,664
687	2	131.6%	46.47	47.55	49.35	25.00	0.00	0.03	0.02	76.6%	12	5,595
163	1	83.8%	41.43	44.45	47.10	28.00	0.00	0.08	0.04	76.2%	14	4,746
1,492	1	122.8%	44.55	42.15	44.70	30.00	0.00	0.07	0.02	70.3%	5	10,254
493	1	77.4%	41.61	39.65	42.05	33.00	0.00	2.14	0.12	113.0%	39	18,192
2,678	15	89.2%	38.88	37.85	39.20	35.00	0.00	0.13	0.24	63.5%	12	31,116
4,551	13	89.4%	35.57	34.85	36.50	38.00	0.00	0.14	0.07	57.6%	3	2,532
8,259	22	78.2%	33.94	33.85	34.75	40.00	0.05	0.11	0.07	54.5%	33	7,519
1,106	1	81.3%	31.25	30.85	32.65	42.00	0.05	0.19	0.18	53.7%	2	3,763
2,943	67	58.2%	28.50	27.90	30.20	45.00	0.08	0.25	0.22	50.4%	1	24,290
1,863	1	54.6%	26.80	26.00	28.15	47.00	0.13	0.35	0.32	53.6%	60	8,722
8,666	5	63.8%	24.45	23.05	24.85	50.00	0.30	0.41	0.35	48.9%	2	14,406
15,999	39	51.3%	20.00	19.30	20.35	55.00	0.71	0.80	0.75	46.2%	4	12,416
10,045	48	51.0%	15.70	15.20	15.85	60.00	1.45	1.66	1.52	45.8%	52	16,142
—	—	—	—	—	—	62.50	1.89	2.23	2.80	45.3%	5	224
7,021	13	51.2%	12.00	11.85	13.00	65.00	2.71	2.90	2.80	44.5%	31	19,641
3	2	52.2%	9.79	10.20	11.05	67.50	3.55	3.80	3.69	44.4%	8	107
14,917	166	48.5%	8.95	8.65	9.15	70.00	4.55	4.75	4.60	43.6%	127	11,531
1,314	15	49.3%	7.50	7.15	8.00	72.50	5.75	5.95	5.75	43.5%	158	1,582
FCX $73.69
11,147	26	47.1%	6.50	6.25	6.55	75.00	7.05	7.30	7.10	43.4%	38	1,874
177	18	47.1%	5.35	5.30	5.55	77.50	8.30	8.85	8.75	43.7%	1	126
23,139	109	46.8%	4.55	4.35	4.65	80.00	9.90	10.70	10.44	45.1%	4	498
1,065	5	47.5%	3.57	3.45	4.00	82.50	11.60	12.85	12.40	47.8%	1	9
15,586	281	46.8%	3.10	3.00	3.25	85.00	13.50	14.30	14.25	44.9%	1	1,291
231	1	47.5%	2.57	2.37	2.79	87.50	—	—	—	—	—	—
10,618	169	46.5%	2.20	2.04	2.20	90.00	17.35	18.30	18.70	44.7%	1	217
1,783	2	46.9%	1.38	1.35	1.52	95.00	0.00	0.00	31.50	—	—	0
6,121	12	47.3%	0.98	0.72	1.05	100.00	25.30	27.90	29.45	53.5%	2	21
2,046	19	51.3%	0.63	0.43	0.97	105.00	31.10	32.95	33.06	59.5%	5	75
354	2	51.1%	0.49	0.27	0.66	110.00	—	—	—	—	—	—
108	2	50.6%	0.53	0.24	0.43	115.00	—	—	—	—	—	—
576	2	51.7%	0.19	0.17	0.33	120.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the FCX put/call ratio?

For the January 15, 2027 expiration, the FCX put/call ratio based on open interest is 1.31 (204,853 puts vs 156,067 calls), and 0.50 based on today's volume. A ratio above 1 means more puts than calls.

What is FCX's implied volatility?

At-the-money implied volatility for FCX options expiring January 15, 2027 is about 46.4%, an annualized estimate of how much the market expects Freeport-McMoRan stock to move.

How many FCX option expiration dates are there?

FCX has 17 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.