Alpha Natural Resources Inc (ANR) $16.26 +0.43%
Alpha Natural Resources (ANR) adds 13 cents to $16.32 and a Sep 19 – 24 (1X2) call ratio spread is bought on the stock for 38 cents, 3750X, to open. Looks like a bullish play targeting an agressive move higher in ANR through mid-Sep (see 3/5 and 3/6 color on ANR for additional commentary on the recent action in the options and shares of the coal producer.)
Category: All Stocks, Basic Resources, Mid 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.
