Alpha Natural Resources attracts a call buyer. The stock is up 22 cents to $4.09 and a 12000-lot of Sep 5 calls on the coal producer is bought for 4 cents per contract. It’s tied to 200K shares at $4.03 and might close one leg of a bearish risk-reversal opened on 7/7 for 11 cents, [...]
Increased options activity in Peabody Energy. With the stock down 7 cents to $15.85, a 6000-lot of Dec 18 calls on the coal producer is bought for 46 cents per contract. 6,170 traded total against 5,513 in open interest. Today’s flow appears to be repeat activity from Thursday when a 4,000-lot traded for 54 cents [...]
New position in longer-term calls on Newgold. With the stock off 4 cents to $6.27, a 9,000-lot of Jan2016 10 calls on the gold miner trades for 55 cents when the bid ask was 40 to 55 cents.
Increased put activity in Teck Resources. The stock is up 4 cents to $23.05 and it looks like Aug puts are being rolled out to the Sep. The top trade is a 3750-lot of Sep 23s for 66 cents when the bid-ask was 63 to 66 cents. 3,907 traded against 310 in open interest. Meanwhile, [...]
Higher call volume in VALE. With the stock down 25 cents to $13.50, the top trade on the Brazilian metals company is a 14000-lot of Sep 13s. It was bought for 77 cents. 26,648 traded on the day total. 12,236 Sep 14s and 2,832 Sep 15s also changed hands. Some of the activity in the [...]
Arch Coal Aug – Sep 3 call spread at 8 cents, 20000X. The stock is up 3 cents to $3.18 and the spread is similar to the one highlighted in coal producer Walter Energy (see WLT color) earlier today. If so, it likely rolls a block of in-the-money August (short) calls out ot the September [...]
Bearish play in Coeur D’Alene. With the stock up 3 cents to $8.38, an investor bought 10,000 Dec 8 puts and 10,000 Jan 7 puts on the miner, paying $1.30 for the put ‘stupid’ spread, and is opening a new position. CDE has seen a 6.5% bounce since reporting earnings a week ago, but is [...]
Seabridge Gold sees increased call activity. With the stock up 39 cents to $10.29 per share, 2,979 Nov 9 calls on the mining company are swept across multiple exchanges for $1.75 when the market was $1.45 to $1.75. 3,463 traded total against 1,096 in open interest. The market is now $1.80 to $1.95.
New positioning in Nucor. With the stock up 7 cents to $51.14 and 1,750-lot of Sep 52.5 calls on the steelmaker trades for 78 cents when the bid-ask was 72 to 78 cents. 2,462 traded at that strike against 985 in open interest. 300 Sep 55s also traded vs.149 in OI. Company reported earnings on [...]
Repeat activity in Rio Tinto. There’s been opening activity in Sep 60 calls on the metals company heading into an Aug 7 earnings report and the theme continues today. The stock is down 67 cents to $56.77 and the top trade is a sweep of 2,000 contracts for 80 cents when the bid-ask was 75 [...]