FCX Options Chain, Open Interest, and Volatility Data

FCX Options Open Interest & Strategy Insights

FCX – Top 10 Strike Prices by Open Interest

Strike	Call OI	Put OI	Total OI
50	158033	11302	169335
40	73230	75344	148574
45	110254	28478	138732
35	13204	108878	122082
55	70925	4627	75552
42	47915	22832	70747
30	10894	59358	70252
37	18553	45041	63594
38	24472	36483	60955
60	54399	299	54698

FCX – Volatility Metrics & Put/Call Analysis

Put/Call OI Ratio	Put/Call Volume Ratio	Avg Call IV	Avg Put IV	IV Skew
0.87	0.93	52.85%	47.94%	-4.92%

Data Analysis

Symbol: FCX Current Price: 40.20
Max Pain: 43.00 (below)

📌 Absolute OI Peak: 50.00 (169335 contracts)
🛡️ Short-term Key Levels: 40.00（148574 contracts，minor support） , 38.00（60955 contracts，major support） , 37.00（63594 contracts，major support）

📈 Put/Call OI Ratio: 0.87 (bullish, Call OI dominant)
Put/Call Volume Ratio: 0.93 (bullish, Call volume dominant)

📊 Avg Call IV: 52.85%
Avg Put IV: 47.94%
IV Skew: -4.92% (Call IV higher than Put IV by 4.92%, upward expectation slightly stronger)

⚠️ Unusual OI concentration at far OTM strike 50.00 (169335 contracts), sentiment: bullish (Call OI dominant). May reflect speculative bets or hedging demand.

Market Sentiment Based on Options by Expiration Date

Date	Call Volume	Put Volume	Open Interest	Put/Call Ratio	Sentiment
2025-11-07	4303	2891	25913	0.672	Slight Bullish 📈 (60)
2025-11-14	1622	10181	10943	6.277	Moderate Bearish 📉 (30) ⚠️
2025-11-21	3649	2586	230059	0.709	Moderate Bullish 📈 (65) ⚠️
2025-11-28	1051	420	7409	0.400	Moderate Bullish 📈 (70)
2025-12-05	393	119	917	0.303	Moderate Bullish 📈 (70)
2025-12-12	17	10	384	0.588	Slight Bullish 📈 (60)
2025-12-19	13164	651	158690	0.049	Strong Bullish 📈💥 (85) ⚠️
2026-01-16	2259	2123	244017	0.940	Neutral ⚖️ (50) ⚠️
2026-02-20	267	2342	37395	8.772	Moderate Bearish 📉 (30) ⚠️
2026-03-20	532	881	151571	1.656	Strong Bearish 📉💥 (15)
2026-05-15	209	571	27414	2.732	Moderate Bearish 📉 (30)
2026-06-18	386	263	108314	0.681	Moderate Bullish 📈 (65)
2026-09-18	332	284	39588	0.855	Slight Bullish 📈 (60)
2026-12-18	182	1171	21496	6.434	Moderate Bearish 📉 (30) ⚠️
2027-01-15	242	97	126303	0.401	Strong Bullish 📈💥 (85)
2028-01-21	24	205	11661	8.542	Moderate Bearish 📉 (30) ⚠️
How the Sentiment Algorithm Works This table evaluates market sentiment based on aggregated options data by expiration date. The key metrics are: Put/Call Ratio (PCR): Indicates the relative activity between put and call options. A high PCR suggests bearish sentiment, while a low PCR indicates bullish sentiment. Open Interest (OI): Represents the number of outstanding contracts. Higher values reflect strong market attention or hedging activity. Unusual activity ⚠️: Days with extremely high PCR or OI are flagged, signaling possible speculative bets or hedging pressures. The sentiment score is computed by combining PCR and OI, then classified into clear labels such as Strong Bullish, Moderate Bullish, Neutral, Moderate Bearish, Strong Bearish. Scores range from 0 to 100, where higher values indicate stronger bullish sentiment and lower values indicate stronger bearish sentiment.