*Scanning all single-stocks subject to 2500 contracts minimum call or put volume

Dendreon (DNDN) loses 56 cents to $7.79 and one strategist initiates a three-weay spread on the biotech. 4,560 Jan 9 puts were bought on the stock for $1.94 and the Jan 7 – 10 strangle sold at $1.35, 6900X. In other words, they apparently sold Jan 10 calls to buy the 3X2 Jan 7.5 – 9 put ratio spread. The positoin looks opening and was tied to 220.4K shares at $7.75.

*Scanning all single-stocks subject to 2500 contracts minimum call or put volume

Harmony Gold (HMY) loses 62 cents to $12.40 on a rough stretch for the gold miners after the yellow metal lost another $21.60 to $1,680.60 an ounce. PHLX Gold and Silver Mining Index (.XAU) is off 5.71 to 189.50 today and is down 10.8 percent since 11/11. In options action, one strategist seems to throwing in a towel on a bullish trade in HMY, as a Jan 12.5 – 14 put spread is bought on the miner for 99 cents, 8000X. It likely closes a position opened last Wednesday when the same spread was sold at 47 cents, 8000X (see 11/16 color).