Basic Resources

CONSOL Energy Inc (CNX) $39.08 +0.67%

Noteworthy call spread in Consol Energy. The stock up 38 cents to $39.20 and a Jan 45 – 50 cs on the coal producer trades for 79 cents, 10000X. Looks like an opening buyer and the new position is being opened as shares attempt to rebound off multi-month lows. Earnings were reported om 7/29.

August 1, 2014 | 0 Comments More

Rio Tinto Plc (RIO) $56.76 -0.93%

Repeat activity in Rio Tinto. Like Monday and Wednesday (see 7/28 and 7/30 color) buyers are opening in the Sep 60 calls on the minerals company. The flow includes a 1,158-lot just after the opening bell for 90 cents on ISE. Data from the exchange confirms that a customer bought the calls, to open. 4,856 [...]

August 1, 2014 | 0 Comments More

Rio Tinto Plc (RIO) $58.25 -1.09%

Repeat call buying in Rio Tinto. Like Monday (see 7/28 color), the focus is on Sep 60s. The top trade is an opening customer buyer of 1500-contracts for $1.05 on ISE. With the stock down 69 cents to $58.20, another 5,830 Sep 60 calls traded in RIO today.

July 30, 2014 | 0 Comments More

Mechel Open Joint Stock Company (MTL) $1.96 -1.51%

Opening premium seller in Mechel Open Joint. With the stock flat at $1.99, a 25000-lot of Jan 2 calls on the steelmaker is sold at 25 cents per contract. A shareholder might be over-writing with at-the-money calls and the new position seems to be expressing the view that MTL will see limiited upside through the [...]

July 30, 2014 | 0 Comments More

Rio Tinto Plc (RIO) $58.67 +0.74%

Rio Tinto sees bullish flow. The stock is up 31 cents to $58.55 and the top options trade on the metals and minerals company is a 2,373-lot of Sep 60 calls that was bought-to-open for $1.15 this morning on ISE. Volume at that strike is now 8,029 vs. 5,834 in open interest. The market is [...]

July 28, 2014 | 0 Comments More

Rio Tinto Plc (RIO) $58.63 +0.67%

Rio Tinto sees bullish flow. The stock is up 31 cents to $58.55 and the top options trade on the metals and minerals company is a 2,373-lot of Sep 60 calls that was bought-to-open for $1.15 this morning on ISE. Volume at that strike is now 8,029 vs. 5,834 in open interest. The market is [...]

July 28, 2014 | 0 Comments More

Rio Tinto Plc (RIO) $58.66 +0.72%

Rio Tinto sees bullish flow. The stock is up 31 cents to $58.55 and the top options trade on the metals and minerals company is a 2,373-lot of Sep 60 calls that was bought-to-open for $1.15 this morning on ISE. Volume at that strike is now 8,029 vs. 5,834 in open interest. The market is [...]

July 28, 2014 | 0 Comments More

Verso Paper Corp (VRS) $3.36 -3.45%

Verso Paper options volume is 3X the daily average. The stock is down 13 cents to $3.35 and a 12000-lot of Aug 2.5 puts on the paper company trades at 10 cents per contract. It appears to close from 7/8 when the stock was trading for $2.65 and 12000 were bought for an average of [...]

July 25, 2014 | 0 Comments More

International Paper Co (IP) $48.62 +1.31%

Calls on International Paper are busy for a second day. Players opened in Aug 48.5, Oct 55, and Weekly (7/25) 48.5 calls on the paper company yesterday (see 7/23 color). The stock is up 59 cents to $48.58 today and more than 13,000 Jan 52.5 calls changed hands today, including a buyer of 11,000 contracts [...]

July 24, 2014 | 0 Comments More

International Paper Co (IP) $47.79 +1.44%

Increased call activity in International Paper. The stock is up 73 cents to $47.84 and atttempting to make up ground after a few days of losses on cautious analyst commentary. Oct 55 calls on the paper company have traded 4,859 contracts. Looks like upside call buyers in the Weekly (7/25) 48 and 48.5 calls as [...]

July 23, 2014 | 0 Comments More
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