Peabody energy heats up along with the coal sector after Republicans seized the Senate yesterday. BTU is up 15 cents to $10.44 and recent trades on BTU include a sweep of 4,333 Jan 10 calls for $1.21 when the market was $1.13 to $1.21. It opens. 5,497 changed hands total.
AK Steel expiring weekly calls are seeing opening activity. With shares down 6 cents to $7.13, 1,000 Weekly (10/24) 7.5 calls are swept across multiple exchanges for an average of 3.6 cents. 1,027 taded against 701 in open interest and the market is 1 to 4 cents. Looks like buying.
Calls on Cliffs Natural Resources see interest again Thursday. The stock was squeezed 7% higher yesterday and is off 24 cents to $8.91 today. A 10000-lot of Weekly (11/14) 11 calls on the metals/minerals company is bought for 27 cents per contract when the bid-ask as 23 to 27 cents. It opens. CLF saw increased [...]
Sudden burst of call activity in Cleveland Natural Resources. The stock saw a morning spike to $9.96 and is up 12.9% to $9.63 on bullish analyst commentary. The heavily shorted stock is being squeezed higher ahead of an Oct 27 earnings report and recent options trade on the metals/minerals company include a multi-exchange sweep of [...]
International Paper draws increased options activity. With shares up $1.20 to $49.59, the Jan 45 – 49 put spread on the paper company is sold at $1.60, 10000X (tied to stock on 25 delta). The action might roll a block of puts up the 49-strike from the 45s and seems to be expressing the view [...]
Alcoa attracts a put spread buyer. With shares up 43 cents to $16.12, the Dec 15 – 16 ps on the aluminum-maker trades for 39 cents, 15000X. It might roll a block of puts up one strike after the recent advance in AA. Trade history shows a buyer of 14500 AA Dec 15 puts for [...]
Century Aluminum call buyer likely closing small winner. Customer paid 2.35 for 1872 March 28 calls on the PHLX, outright, as shares traded near 25.09. Similar size was sold to open in mid-Sep near $2.70 as shares traded near 26.39. Buyer would have done better last week when CENX bottomed out near 22 and these [...]
Alcoa attracts an opening call buyer. With shares down 2 cents to $15.60, 10000 Dec $14 calls on the aluminum-maker are bought for $2, to open. 11,541 traded at that strike against 598 in open interest. The stock was down 4.2% when the company reported earnings a couple of weeks ago, but saw notable strength [...]
Long-term bull in Barrick Gold. With shares up 34 cents to $13.79, a 25000-lot of Jan2017 25 calls on the gold miner is bought for 80 cents. It appears to repeat from a couple of weeks ago when 20,000 were boughtto-open for 76 cents each.
Higher call volume in Vale driven by rolling activity. With the stock up 39 cents to $11.86, the investor sells Oct 12 – 13 call spreads to buy Nov 12 – 13 call spreads, paying 18 cents on the four-way, 18350X. The November spread opens.