72,000 calls and 15,000 puts traded on Barrick Gold (ABX). Shares are down 18 cents to $48.16 and possibly falling in sympathy with Newmont Mining (NEM), which lost 3.3 percent after lowering its outlook for production for 2012. Gold is up $30 to $1661 an ounce. In options action, January 30 and July 33 calls are the most actives in ABX. A noteworthy spread also traded in the January 2014s after one player paid $3.05 for a 45 – 60 – 75 call fly, 5000X. The position seems to be targeting a move towards $60 (24.3 percent) through the 2014 expiration.

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