Freeport-McMoRan (FCX) Options Chain

73.69+2.55 (+3.58%)

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

Expiration date

Expiration: Mar 19, 2027
Days to expiration: 159
Share price: $73.69
Put/call ratio (OI): 1.11
Put/call ratio (volume): 0.69
ATM implied volatility: 47.1%
Expected move: ±$22.92
Open interest (C / P): 21.23K / 23.52K

FCX options summary

The FCX options chain for the March 19, 2027 expiration lists 24 call and 23 put contracts, with 159 days until expiration. Open interest stands at 21,234 calls and 23,520 puts, a put/call ratio of 1.11, which is fairly balanced between calls and puts. At-the-money implied volatility near the $72.50 strike is 47.1%, which implies the market expects a move of about ±$22.92 (31.1%) in Freeport-McMoRan stock by expiration.

The most open interest sits at the $85.00 call (3.86K contracts) and the $65.00 put (8.18K contracts).

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

FCX options chain · March 19, 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
110	100	87.4%	40.00	42.70	46.05	30.00	0.00	0.55	0.07	73.1%	12	391
1,418	4	65.6%	34.80	37.75	40.40	35.00	0.00	0.37	0.12	57.6%	4	222
627	4	65.0%	31.75	32.50	36.50	40.00	0.05	0.49	0.25	51.6%	2	843
—	—	—	—	—	—	42.50	0.04	0.66	0.42	56.8%	4	9
160	9	54.0%	28.10	28.45	30.50	45.00	0.24	0.58	0.53	50.3%	22	3,669
289	1	56.9%	25.17	24.85	26.10	50.00	0.80	1.06	0.90	48.4%	6	652
291	1	56.8%	21.40	19.95	21.65	55.00	1.32	1.89	1.60	47.5%	11	4,556
307	1	52.2%	17.70	17.05	18.10	60.00	2.43	3.20	2.70	47.5%	9	1,935
—	—	—	—	—	—	62.50	3.25	4.10	4.10	47.9%	1	12
558	4	54.0%	12.25	13.60	15.95	65.00	3.95	4.60	4.25	45.1%	3	8,179
1	—	52.3%	9.70	11.95	13.10	67.50	4.25	5.90	5.60	46.6%	1	122
2,987	8	51.3%	11.18	10.50	11.65	70.00	5.50	7.85	6.75	50.8%	2	934
43	3	50.4%	8.18	9.40	10.30	72.50	6.70	7.85	7.64	43.8%	2	395
FCX $73.69
1,336	11	48.8%	8.77	7.45	8.90	75.00	8.70	9.20	9.15	43.6%	13	701
374	8	49.2%	7.80	6.35	8.00	77.50	9.50	10.75	10.95	43.8%	2	81
1,921	2	49.5%	5.45	6.40	7.15	80.00	10.75	12.30	13.45	43.5%	11	145
303	59	49.2%	4.75	4.95	6.30	82.50	13.25	15.10	13.55	49.2%	5	56
3,859	38	48.5%	5.05	4.35	5.45	85.00	14.95	16.25	17.47	45.8%	1	39
233	32	48.5%	4.65	3.75	4.80	87.50	16.70	18.70	15.90	49.0%	—	48
1,445	5	48.7%	4.20	3.25	4.25	90.00	18.75	19.90	19.88	44.9%	500	502
2,540	630	49.4%	2.58	2.71	3.40	95.00	22.70	24.60	21.95	48.7%	10	10
1,862	5	49.3%	2.15	1.74	2.62	100.00	26.85	29.20	28.42	51.2%	15	17
183	2	50.7%	1.80	1.47	2.19	105.00	31.35	33.60	31.60	51.5%	4	2
43	3	51.4%	1.40	1.21	1.78	110.00	—	—	—	—	—	—
230	1	51.2%	1.04	0.72	1.37	115.00	—	—	—	—	—	—
114	2	52.1%	0.73	0.52	1.14	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 March 19, 2027 expiration, the FCX put/call ratio based on open interest is 1.11 (23,520 puts vs 21,234 calls), and 0.69 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 March 19, 2027 is about 47.1%, 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.