Alpha Natural Resources attracts increased call activity. The stock is down 4 cents to $5.05. Roughly 18000 calls and 2,945 puts traded on the coal producer. The top trade is a Jan 7 – 10 call spread for 21 cents, 5000X on ISE. An investor is buying the spread and apparently rolling down in strikes, [...]
Pre-earnings action in Mittal. The stock is up 22 cents to $16.75 and 2000 Feb 17 calls are swept on the steelmaker for 46 cents across multiple exchanges when the market was 43 to 46 cents. It’s opening and the interest comes before the company’s profit report, tomorrow morning.
Nucor sees notable options activity. The stock is up 40 cents to $47.16 and an investor bought 11,000 April 50 calls on the steelmaker for 84 cents. Separately, 22,000 April 55 calls were sold on NUE at 24 cents per contract. One player possibly initiated both transactions and is opening an Apr 50 – 55 [...]
US Steel sees opening put spread. The stock is down $1 to $25.11 and a Mar 21 – 24 ps trades on the stock for 80 cents, 5500X. The stock has dropped 16.5% in the past month and the put spread seems to be expressing concerns about further losses in the weeks ahead. Earnings were [...]
Consol Energy sees post-earnings put activity. The stock is down 50 cents to $37.39 and a 29000-lot of Jul 36s trade on the stock at $2.40 per contract when the market was $2.39 to $2.53. The apparent put write will create the largest block of open interest in the options on the coal and natural [...]
Unusual activity in Verso Paper. The stock is up 17 cents to $2.87 and it looks like an investor bought 4,000 Mar 5 calls on the Memphis, TN paper company for 25 cents per contaract. 4,010 traded total against 2,218 in open interest. Feb 5 calls have 6,955 contracsts of open interest and are currently [...]
Peabody energy sees intraday strength. The stock dropped to a low of $16.35 in the wake of the company’s earnings, but has seen a recent spike and is making a stab at the $17 level. In morning options action, some investors were expressing interest in the Weekly 17 calls on BTU that expire after tomorrow. [...]
International Paper sees call writing. The stock is up 41 cents to $46.53 and a 4800-lot of Feb 48 calls is sold on the stock at 65c. It might close from Monday when the same contract was being opened for 39 and 41 cents. More than 6,000 Feb 48 calls traded in IP so far.
International Paper sees the largest block of the opening 30mins. Cust sold 4800 Feb 48 calls for 65cents, outright, as shares traded near 46.80. 6K on the tape now which exceeds total open interest at the strike but today’s flow looks like it may close Monday’s opening buy of similar size at 40cents when shares [...]
Opening call buyer in Peabody Energy. The stock is up 20 cents to $17.15 and the investor bought a 7750-lot of Feb 18 calls on the coal producer for 35 cents. It’s tied to 155K shares. 7,900 Feb 18 calls traded on the day against 4,930 in open interest. Bullish trading in BTU comes the [...]