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 21, 2028
Days to expiration: 469
Share price: $73.69
Put/call ratio (OI): 0.62
Put/call ratio (volume): 2.02
ATM implied volatility: 48.9%
Expected move: ±$40.88
Open interest (C / P): 65.79K / 40.92K

FCX options summary

The FCX options chain for the January 21, 2028 expiration lists 31 call and 28 put contracts, with 469 days until expiration. Open interest stands at 65,794 calls and 40,917 puts, a put/call ratio of 0.62, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $72.50 strike is 48.9%, which implies the market expects a move of about ±$40.88 (55.5%) in Freeport-McMoRan stock by expiration.

The most open interest sits at the $85.00 call (13.66K contracts) and the $65.00 put (6.43K contracts).

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

FCX options chain · January 21, 2028

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
62	10	74.6%	52.30	52.00	57.00	20.00	0.00	0.40	0.23	57.3%	77	2,016
0	1	—	45.79	0.00	0.00	25.00	0.20	0.68	0.32	55.1%	3	1,682
135	2	63.7%	43.75	44.50	49.50	28.00	0.12	0.71	0.62	55.0%	10	591
480	1	53.0%	43.43	43.00	46.00	30.00	0.23	0.82	0.56	53.2%	12	1,414
313	2	54.1%	40.28	40.50	43.50	33.00	0.25	1.10	0.81	51.8%	14	2,994
871	4	59.4%	40.50	40.15	41.70	35.00	0.63	2.10	1.14	51.3%	9	2,021
431	1	54.0%	37.90	36.60	39.25	38.00	0.79	1.88	1.43	51.1%	536	1,983
459	1	54.1%	35.72	34.50	38.30	40.00	1.55	2.20	1.90	50.4%	2	1,658
576	1	50.5%	34.55	33.00	35.75	42.00	1.78	2.15	2.70	46.9%	1	1,010
943	11	55.1%	32.78	31.45	34.50	45.00	2.15	2.77	3.10	46.4%	1	3,811
643	6	52.4%	28.02	30.20	32.00	47.00	2.70	4.25	3.05	51.5%	1	961
5,057	6	53.3%	29.76	28.75	29.90	50.00	3.35	3.90	3.70	44.9%	2	6,132
2,526	2	52.3%	24.70	25.25	26.90	55.00	4.95	5.35	5.07	43.9%	10	2,227
2,789	4	52.1%	23.60	22.55	24.00	60.00	6.00	8.00	6.95	46.3%	5	1,776
8	6	51.8%	21.09	21.10	22.75	62.50	—	—	—	—	—	—
2,968	3	52.4%	20.62	20.50	21.30	65.00	7.95	9.45	9.10	43.0%	6	6,426
8,624	3	52.9%	18.52	17.00	18.85	70.00	10.25	12.65	12.64	44.9%	2	2,377
143	103	53.3%	16.66	15.85	17.95	72.50	11.70	14.00	16.35	44.6%	1	0
FCX $73.69
3,344	8	50.9%	14.73	15.60	16.85	75.00	12.95	15.60	15.15	44.9%	3	1,154
10	1	50.9%	15.20	13.85	16.80	77.50	14.50	16.90	16.25	44.1%	2	3
2,069	40	51.1%	14.40	13.35	15.70	80.00	15.70	18.50	18.25	44.1%	20	387
11	8	50.7%	14.20	12.30	14.90	82.50	17.35	20.15	19.15	44.0%	—	1
13,656	9	51.2%	12.80	11.70	13.00	85.00	19.40	21.40	20.50	42.5%	1	48
16	4	50.8%	11.60	10.90	13.35	87.50	—	—	—	—	—	—
1,727	3	50.3%	11.19	10.40	12.20	90.00	23.00	24.20	23.90	40.0%	1	66
432	1	50.4%	10.15	8.95	11.25	95.00	31.00	35.50	34.34	56.0%	5	5
13,433	3	51.8%	8.60	7.60	9.45	100.00	29.90	32.55	31.77	41.7%	1	79
2,080	70	50.6%	8.00	7.00	9.20	105.00	33.85	36.75	38.00	42.0%	15	40
75	3	51.5%	6.15	6.00	7.50	110.00	38.75	40.20	41.06	39.0%	3	25
3	54	50.6%	6.35	5.35	7.60	115.00	—	—	—	—	—	—
1,910	2	51.1%	5.80	5.00	6.85	120.00	47.40	49.60	48.43	41.2%	10	30

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 21, 2028 expiration, the FCX put/call ratio based on open interest is 0.62 (40,917 puts vs 65,794 calls), and 2.02 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 21, 2028 is about 48.9%, 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.