Seabridge Gold (SA), a Toronto-based miner, sees a second day of relative strength and high volume. The stock is up 9.1 percent to $14.32 and near session highs in active trading of 815K shares (average daily is 464K). Meanwhile, 5,000 (register to read more …) [...]

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Patriot Coal (PCX) is getting smoked today on high volume of 36.8 million shares after a Dow Jones article suggested the company is mulling a restructuring if it can’t meet its near-term financing needs. The stock is down $1.84 to (register to read more …) [...]

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Gold Fields (GFI) is off 32 cents to $12.51 and 13,010 Oct 13 calls traded on the gold miner. The top trade is a 946-lot at 83 cents on ISE. It was apparently a closing seller, according to ISEE. Beyond (register to read more …) [...]

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Patriot Coal (PCX) loses ten cents to $5.23 and a May 6 – Jun 5 put spead trades on the stock at 40 cents, 12000X on PHLX. Looks like the June 5 puts, which have traded more than 20,000 contracts (register to read more …) [...]

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Big Put Write ahead of Investor Day/Earnings. Newmont Mining (NEM) is off $1.54 to $45.71 after gold lost $11.5 to $1631.5 and ahead of the company’s Investor Day today. One investor seems to view today’s weakness as an opportunity to (register to read more …) [...]

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Steel Dynamics (STLD) dips 36 cents to $13.81 on relatively light volume of 611K shares, but options on the steelmaker are busy today. 7,550 puts and 190 calls traded in the name so far, which is 4.5X the daily average. (register to read more …) [...]

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Alcoa (AA), which reported earnings Tuesday afternoon and led the Dow higher Wednesday, is seeing active trading again Thursday. AA is up 34 cents to $10.24 on volume of 17 million shares. 104,000 calls and 8,300 puts traded on the (register to read more …) [...]

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Ivanhoe Mines (IVN) has come under pressure on increasing volume of 5.5 million shares after BMO Capital Markets downgraded the stock to Market Perform from OutPerform. Seems like the downgrade has had a sigifnicant impact on IVN, as the stock (register to read more …) [...]

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Rare Element (REE) is up 57 cents to $6.28 and enjoying a four-day 24.8 percent move higher. However, prior to last Wednesday, the stock had suffered a one-month 28.8 percent slide. Some players in the options market seem to be (register to read more …) [...]

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Kinross Gold (KGC) sees a flurry of call options activity Wednesday. Shares are up 12 cents to $10.69 and options volume on the stock includes 37,000 calls and fewer than 2,000 puts. April 11 and 12 calls are the most (register to read more …) [...]

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