Options Update: Freeport McMoRan Volatility Flat As Shares Rally

Freeport McMoRan FCX closed up $1.52 to $84.51. Copper prices closed up 2.54% according to Bloomberg. Overall option implied volatility of 40 is near its 26-week average of 43 according to Track Data, suggesting non-directional price movement. Sears Holding Corporation SHLD closed up $3.62 to $71.77 Read the rest here.