Basic Resources

Pan American Silver Corp (PAAS) $9.97 +7.20%

Bullish flow post-earnings in Pan American Silver on a good day for the metals market. Gold is up almost $30 and silver has rallied more than $1 off session lows. PAAS is up 70 cents to $10. Dec, Jan and Apr 10-strike calls are the most actives in the name. The stock was trading south [...]

November 14, 2014 | 0 Comments More

Iamgold Corporation (IAG) $2.13 +22.41%

Active trading in IAMGOLD after HSBC upgrades the stock to Overweight. The stock is up 22.4% to $2.13 on increasing volume of 12 million shares. 10,000 calls and 1,700 puts traded on the Canadian miner, being led by the Mar 2, Dec 2.5, and Jan 2.5 calls.

November 14, 2014 | 0 Comments More

Arch Coal (ACI) $2.42 -0.41%

Repeat action in Arch Coal. With shares flat at $2.43, the Jan2016 1 – 1.5 (2X1) put ratio spread on the coal producer trades at 1-cent, 25000X. The investor is buying 25K of the 1.5-strike and selling 50K of the 1-strike. The same spread was opened 5000X Monday and 20000X on 11/6. Today’s activity adds [...]

November 12, 2014 | 0 Comments More

Peabody Energy Corporation (BTU) $11.62 +4.40%

Options volume on Peabody Energy is running 3X the daily average. The stock is up 4.9% to $11.67 in heavy trading of 12.4 million shares as unsubstantiated BHP-for-BTU speculation makes the rounds. 46,000 calls and 15,000 puts traded on the natural gas producer. Nov 13 calls have traded 7,100 contracts, as players are apparently buying-to-open [...]

November 12, 2014 | 0 Comments More

Cameco Corporation (CCJ) $19.57 +1.93%

Heavy Cameco call buying continues for second day. Shares up 31cents to $19.51 and a buyer paid 15cents for 3000 Dec 23 calls in a sweep before printing a block of 12K at the same price to finish the trade. Average daily call volume in the uranium miner is under 3K contracts, but volume was [...]

November 11, 2014 | 0 Comments More

Cameco Corporation (CCJ) $18.74 +12.01%

Cameco with an impressive rally and increased call activity Friday. The stock is up 12% to $18.75 on volume of 4.3 million shares as uranium producers gain after a Japanese nuclear plant mortatorium ended. 30,000 calls and 3,300 puts traded in CCJ. The flow is scattered across a variety of strikes. Nov 21, Dec 19, [...]

November 7, 2014 | 0 Comments More

Iamgold Corporation (IAG) $1.93 +12.87%

Ambitious trade in IAM Gold. Shares are up 23 cents to $1.94 after a nearly $30 move in gold sparked big gains across the mining sector Friday. On the options front, one player bought a 15000-lot of Mar 3 calls on IAG for 14 cents per contract, to open. 15,583 traded at that strike. Mar [...]

November 7, 2014 | 0 Comments More

Goldcorp Inc (GG) $19.40 +4.58%

Goldcorp short-term calls are drawing interest. The stock is up 93 cents to $19.48 in active trading of 1.6 million shares as the miners attempt to rebound, along with gold, from recent losses. The yellow metal is up $11 to $1153.5 Friday morning after falling to mult-year lows the day before. Expiring Weekly 19 calls [...]

November 7, 2014 | 0 Comments More

Alpha Natural Resources Inc (ANR) $2.60 +7.00%

14500 ANR Jan2016 5 calls are sold at 40 cents per contract. More than 15,100 traded against 18,370 in open interest. The stock is up 17 cents to $2.60 and the activity is possibly closing after a two-day 32% spike in the stock. ANR and other coal stocks have been hot since Republicans scored victories [...]

November 6, 2014 | 0 Comments More

Molycorp Inc (MCP) $1.33 -5.67%

Post-earnings action in Molycorp. The stock is off 9 cents to $1.32 and the investor buys Jan 3.5 calls on the rare earth materials company and sells the Jan 1.5 – 2.5 put spreads, collecting 81 cents on the package, 20000X. The spread is tied to stock (46 delta) and appears to liquidate a position [...]

November 6, 2014 | 0 Comments More