Covered Calls

Freeport-McMoRan Inc

FCXNYSE · USD

59.24USD0.00 (-2.01%)

689

Freeport-McMoRan Inc (FCX) Covered Calls

Freeport-McMoRan Inc trades in the Copper industry with an IV Rank of 24.21%, low versus the past year. FCX's highest covered call setup is the $72.50 strike expiring Nov 20, 2026, sorted by theoretical annualized return. It's 22.38% out of the money with 7 days to expiration, a 22.40% return until expiration, and a 1,168.02% theoretical annualized return. Across the setups shown, annualized returns run from 518.88% to 1,168.02% at strikes between $66.00 and $72.50, with 7 to 14 days to expiration, as of Nov 13, 2026.

Running FCX covered calls helps you generate income from Freeport-McMoRan Inc shares you already own, turning a long stock position into a yield producing asset. A covered call means holding the underlying stock and selling a call option against it, collecting premium in exchange for capping upside at the strike. Use our scanner to find the best FCX covered calls in real time and filter for the strikes, expiries, and premiums that fit your strategy.

A covered call pairs limited risk with a clear income profile. If FCX stays below the strike at expiration, you keep the premium and the shares. If it rises above, you deliver the stock at the strike and still pocket the premium. Selling FCX covered calls works best when implied volatility is elevated, since richer premiums improve the risk reward. Key inputs include strike selection relative to delta, days to expiration, annualized return, and probability of assignment, all of which determine whether a given FCX covered call is worth writing.

Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. The company primarily explores for copper, gold, molybdenum, silver, and other metals, as well as oil and gas. Its assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile. The company also operates a portfolio of oil and gas properties primarily located in offshore California and the Gulf of Mexico.


2026-11-20	7	72.50	22.38	0.01	0.23	1327.00	22.40	1168.02	-0.02	+0.04	1,545	0.22
2026-11-20	7	72.00	21.54	0.01	0.06	1277.00	21.56	1124.01	-0.02	+0.02	236	0.05
2026-11-20	7	70.00	18.16	0.01	0.15	1077.00	18.18	947.97	-0.02	+0.04	5,007	0.14
2026-11-20	7	69.00	16.48	0.02	0.24	978.00	16.51	860.83	-0.03	+0.06	362	0.22
2026-11-20	7	68.00	14.79	0.03	0.24	879.00	14.84	773.69	-0.05	+0.06	1,361	0.21
2026-11-20	7	67.50	13.94	0.01	0.27	827.00	13.96	727.92	-0.02	+0.07	7,741	0.26
2026-11-20	7	67.00	13.10	0.05	0.06	781.00	13.18	687.43	-0.08	+0.04	531	0.01
2026-11-20	7	66.00	11.41	0.08	0.11	684.00	11.55	602.05	-0.14	+0.06	960	0.03
2026-11-27	14	72.00	21.54	0.01	0.28	1277.00	21.56	562.01	-0.02	+0.05	91	0.27
2026-11-27	14	71.00	19.85	0.03	0.07	1179.00	19.90	518.88	-0.05	+0.03	19	0.04

As of Nov 13, 2026

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Stock Statistics

IndustryCopper
SectorBasic Materials
IV Rank24.21% Low
Market cap (M$)85,006
52 weeks high-26.17%
52 weeks low52.48%
Analyst recommendationBuy
1.67
Target price$80.38
35.69% above the current stock price
Dividend—
Payout ratio39.41%
Earnings date2027-01-28
P/E24.98
Future P/E13.70
EPS (ttm)2.37
EPS growth next 5 years40.36%

As of Nov 13, 2026

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