Massey Energy (MEE) is up 5.2 percent to $37.89 and hit a new 52-week high on a good day for the coal names (ACI, BTU, CNX, PCX, ANR). The Market Vectors Coal Fund (KOL) is up 4.5 percent. In the options, MEE volume is running 2X the average daily, with 12K calls and 2500 puts traded so far. The top trade of the day is a block of 5000 April 45 calls bought at $2.75 each, and tied to shares at $37.50 (on 35 delta). 7800 now traded. Looks like buyers of Nov 27, Jan10 45, and April 45 calls as well.