Freeport-McMoRan Inc. (FCX)
Freeport-McMoRan Max Pain By Strike
FCX trades at $46.35, 7.8% above the near-term max pain of $43 expiring Sep 12, 2025 (5 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($25-$6284.9), signaling increased put positioning or downside protection. Key magnetic zone at 42 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Freeport-McMoRan Max Pain By Expiry
Max pain for FCX shows a downward trend from 6284.9 to 25, indicating bearish sentiment or hedging activity. The 1531% spread signals divergent expectations across timeframes. Most levels below 46.35 may cap rallies. Strong magnetic level at 42 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 12, 2025 | 43 | -3.35 (-7.23%) |
| Sep 19, 2025 | 42 | -4.35 (-9.39%) |
| Sep 26, 2025 | 44 | -2.35 (-5.07%) |
| Oct 3, 2025 | 44 | -2.35 (-5.07%) |
| Oct 10, 2025 | 45 | -1.35 (-2.91%) |
| Oct 17, 2025 | 43 | -3.35 (-7.23%) |
| Oct 24, 2025 | 25 | -21.35 (-46.06%) |
| Nov 21, 2025 | 41 | -5.35 (-11.54%) |
| Dec 19, 2025 | 42 | -4.35 (-9.39%) |
| Jan 16, 2026 | 43 | -3.35 (-7.23%) |
| Feb 20, 2026 | 44 | -2.35 (-5.07%) |
| Mar 20, 2026 | 40 | -6.35 (-13.70%) |
| Jun 18, 2026 | 42 | -4.35 (-9.39%) |
| Sep 18, 2026 | 42 | -4.35 (-9.39%) |
| Dec 18, 2026 | 45 | -1.35 (-2.91%) |
| Jan 15, 2027 | 40 | -6.35 (-13.70%) |
| Jan 23, 2064 | 6284.9 | 6238.55 (13459.65%) |