Mining Stock Gears Up for Q4 Earnings

Earnings and Stock Performance - Freeport-McMoRan Inc (FCX) is set to announce quarterly results on Jan 23, with analysts expecting earnings of 25 cents per share [1] - Weaker copper prices in Q4 are likely to impact the company's performance [1] - FCX's stock has shown mixed post-earnings results, with an average 2.7% move after earnings announcements in the past two years [2] - Options traders are pricing in a 6% next-day swing following the upcoming earnings report [2] - FCX's stock is down 1.8% at $39.59, potentially ending a six-day win streak [3] - The stock has risen since hitting a 10-month low of$37.19 on Jan 3, with year-over-year and year-to-date gains of approximately 4% [3] Options and Volatility Analysis - Options trading appears to be a favorable strategy for FCX, as the Schaeffer's Volatility Index (SVI) of 34% indicates low volatility expectations, ranking in the low 20th percentile of its annual range [4] - FCX's Schaeffer's Volatility Scorecard (SVS) of 81 out of 100 suggests the stock has consistently exceeded low volatility expectations over the past year [4]