Stillwater Mining (SWC) $12.77 +2.00%
Stillwater Mining (SWC) is up 13 cents to $12.65 and options action is heating up, with some speculative call buying seen in the Billings, MT miner. 2,186 August 15 calls traded (56 percent Ask). Another 1080 Aug 14s changed hands (88 percent Ask). Implied volatility is up 6 percent to 71 the day after the company provide a corporate update for activity through the first six months of 2010. Perhaps the call buying is in reaction to something said during the presentation. (Might be related to: Norilsk Nickel, our Russian affiliate, announced earlier this year that it is considering a sale of its Stillwater interest — at the moment they own about 51% of our outstanding shares
Category: All Stocks, Basic Resources, Small Cap Stocks
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
