FCX
Freeport-McMoRan
Rating 3.8 / 5 AI signal Open signal

Credit put spread analysis · · Good setup

AI analysis

The floor on this chart is the real question: after a 21% two-month run, a -7% flush tests the uptrend's resolve. Key support sits around $58, where the 50-day moving average and prior consolidation converge. IV at 62% is slightly cheap versus realized vol, offering decent premium for the defined risk.

I'd sell the July 31 $59 put and buy the $57 put for a $0. 65 credit. That's a 2-point wide spread, giving a 0.

33 credit-to-width ratio — the math pays for the risk of a breakdown. The trend is still your friend, but this is a bet on the dip finding buyers, not a deep value play. Verdict: A decent, moderately aggressive fade of the panic.

Hypothetical credit put spread idea

AI-evaluated setup from the latest screen — for education only. Expiration Jul 30, 2026.

Sell
$50.00
Short put (collects premium)
Buy
$45.00
Long put (caps risk)
Width
$5.00
Estimated credit
$0.95
Max risk
$4.05
Return on risk
23.5%
Expiration
Jul 30, 2026

Hypothetical AI analysis for education & entertainment — not financial advice or a recommendation to trade. Disclaimer.

Earlier analyses

  1. 3.4/5 Hold signal

    Strip out the noise and what you've got is a stock that's still up 21% in two months taking a breather. The 6.95% flush looks scary, but it's just back to the 20-day moving average — the uptrend's intact. IV at 65% is sl…

  2. 3.7/5 Open signal

    The premium math is where this gets interesting: IV is high at 65%, but it's actually slightly cheap to the stock's own realized volatility. That -7% drop yesterday looks like a healthy shakeout after a 21% two-month run…

  3. 3.5/5 Open signal

    Risk-first take: A 7% one-day drop in a stock that's still up 21% over two months is a classic shakeout, not a trend reversal. The chart shows this is a test of the rising 50-day moving average around $62 — a logical flo…