Significant Midweek Options Movements: FCX, LULU, MRK

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Freeport-McMoRan Copper & Gold (FCX) saw significant options trading on [date], with 79,361 contracts exchanged, equating to approximately 7.9 million underlying shares. This represents 50.5% of FCX’s average daily trading volume of 15.7 million shares over the past month. Notably, the $71 strike call option expiring July 31, 2026, accounted for 15,577 contracts, or about 1.6 million underlying shares.

Lululemon athletica Inc (LULU) had an options volume of 13,522 contracts today, representing approximately 1.4 million underlying shares and 45.4% of its average daily trading volume of 3.0 million shares. The $117 strike call option expiring July 24, 2026, saw 2,157 contracts traded, corresponding to around 215,700 underlying shares.

Merck & Co Inc (MRK) recorded an options volume of 44,026 contracts, translating to about 4.4 million underlying shares, which is 43.5% of its average daily trading volume of 10.1 million shares. The $132 strike call option expiring July 24, 2026, was particularly active, with 35,340 contracts traded, representing approximately 3.5 million underlying shares.

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