Molycorp Inc (MCP) $24.97 +1.13%
Molycorp (MCP) adds 31 cents to $25 and options volume is picking up in the stock amid unsubstantiated talk private equity is interested in taking a stake in the company (Briefing). 9,275 calls and 2,050 puts traded in MCP so far. The flow includes a multi-exchange sweep of 871 Mar 27.5 calls for 28 cents when the market was 23 to 26 cents. Weekly 26 calls are the most actives. 2,750 traded. Speculators are also showing interest in Mar 26 and Weekly 27 calls. Meanwhile, implied volatility in MCP options is moving up 4.5 percent to 59.
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.
