Interest in the metals continues Friday. SPDR Metals and Mining ETF (XME) is up 95 cents to $40.86 and up 7 percent over the past 2 days. Alcoa (AA) is up 5.4 percent and recent trades include an Oct 12.5 – 17.5 call spread, bought 5000X for 93 cents. AKS was mentioned this morning. Cliff Natural Resources (CLF) is up 86 cents to $28.86 and today’s trades include 1000 July 30 – 35 call spreads for $1.59. Teck Recources (TCK) sits near $17.50 and looks like premium sellers collecting a hefty $1.17 on June ATM calls.

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