Basic Resources

Teck Resources Ltd (TCK) $16.13 +3.60%

Relative strength and increased call activity in Teck Resources. The stock is up 50 cents to $16.07 and recent options trades on the Canadian metals company include a sweep of 1500 Mar 17 calls for 28 cents when the bid-ask was 25 to 28 cents. 1,778 traded total. 500 Apr 17 calls also traded in [...]

February 27, 2015 | 0 Comments More

Yamana Gold Inc (AUY) $3.89 -1.02%

Opening action in Yamana Gold options. The stock is off a nickel to $3.88 and a 19325-lot of Oct 5 calls on the miner is sold at 33 cents per contract on ISE. There is no open interest at that strike and the new position might be an overwrite against stock. The contract is nearly [...]

February 23, 2015 | 0 Comments More

CONSOL Energy Inc (CNX) $34.03 +0.12%

Second day of bearish flow in Consol Energy. With shares up a nickel to $34.04, a Mar 28 – 32 put spread on CNX is bought for 45 cents, 10000X. It might roll a block of puts to the 32s from the 28s. A big ratio was opened in July options on the coal producer [...]

February 20, 2015 | 0 Comments More

CONSOL Energy Inc (CNX) $33.96 +1.65%

Sizable spread in Consol Energy. The stock is up 56 cents to $33.97 and the Jul 28 – 33 (2X1) put ratio spread on the coal and natural gas company is bought for 70 cents, 7250X. This opening position seems to be targeting a move down to $28 through the July expiration – not far [...]

February 19, 2015 | 0 Comments More

Molycorp Inc (MCP) $0.90 +2.99%

Molycorp sees a second day of big block trades. The stock is up a nickel to 92 cents per share and the Sep .5 – 1 risk-reversal on the materials company trades at a nickel, 30000X on PHLX. The same thing traded in size yesterday (see 2/18 color) and also for 3 cents, 5000X on [...]

February 19, 2015 | 0 Comments More

Freeport McMoRan Inc (FCX) $21.24 +1.38%

Freeport McMoran puts are seeing interest. The stock is up 29 cents to $21.24 and the top trade on the gold and copper miner is a 4000-lot of Mar 19 puts for 41 cents when the market was 37 to 42 cents. 3,228 of those same puts were swept across multiple exchange earlier in the [...]

February 18, 2015 | 0 Comments More

Molycorp Inc (MCP) $1.03 -2.83%

Molycorp Sep .5 – 1 risk-reversal at even money, 15000X. With the stock off 3 cents to $1.03, the combo appears to be an opening position (selling puts to buy calls) on view shares of the rare earth materials company will remain under pressure in the months ahead. Shares are well off the 52-week lows [...]

February 18, 2015 | 0 Comments More

Domtar Corporation (UFS) $44.22 +1.38%

Domtar draws bullish flow. The stock is up 80 cents to $44.42 and the top trade on the forest and paper products company is a 1785-lot of Apr 45 calls for $1.80 when the market was 1.45 to 1.85. More than 5,000 traded at that strike and the market is now 2.10 to 2.15. The [...]

February 12, 2015 | 0 Comments More

Southern Copper Corp (SCCO) $29.11 -1.46%

Southern Copper sees downside put buyers. The stock is off 43 cents to $29.11 and one player bought a 10000-lot of Jan 25 puts on the copper miner for $2.15 per contract. It’s untied. 10,642 traded total against 391 in open interest. The action comes a week after the company reported earnings and a month [...]

February 11, 2015 | 0 Comments More

Vale SA (VALE) $7.18 -1.51%

Opening action in VALE Weekly (2/13) options. With shares down 12 cents to $7.17, 5,000 Weekly 7.5 calls on the Brazilian metals company are swept across multiple exchanges for 6 cents when the bid-ask was 2 to 6 cents. 5,050 traded total against 1,307 in open interest. Shares moved up to $7.88 Monday, but slipped [...]

February 11, 2015 | 0 Comments More
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