Alpha Natural Resources Inc (ANR) $6.81 +4.13%
Trading is active in Alpha Natural Resources (ANR) Wednesday. The stock is up 24 cents to $6.78 in active trading of 13.4 million shares after an 8-day 22.6 percent debacle. Meanwhile, 21,000 calls and 6,800 puts traded on the coal producer. Weekly 6.5 calls, expiring in 2.5 days, are the most actives. 3,600 traded. But the top trade is a 2000-lot of deep OTM Mar 10 calls bought-to-open for 40 cents per contract on ISE. October 6, October 7, December 7, and Weekly 7 calls on ANR are also seeing interest and 30-day ATM implied volatility is moving up 4 percent to 80.5. No news on the ticker. The stock opened lower, but has since rallied 11.3 percent off session lows.
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.
