Basic Resources

AK Steel Holding Corp (AKS) $4.94 +0.82%

AK Steel attracts a call buyer. With the stock up 8 cents to $4.98, 4,944 Jun 6 calls on the steel-maker are bought for 13 cents per contract. 9,453 traded at that strike against 3,802 in open interest. Some of the flow might be rolling out of May 5 calls, which traded 1,660 contracts againsst [...]

April 24, 2015 | 0 Comments More

Freeport McMoRan Inc (FCX) $20.59 +1.78%

Bold pre-earnings position opened in Freeport McMoran options. The stock is down 28 cents to $20.61 ahead of results tomorrow morning and an investor sells the Jul 20 straddle on the gold and copper miner at $3.05, 30000X (vs. stock on a 17 delta). The new position seems to be expressing the view that shares [...]

April 22, 2015 | 0 Comments More

Coeur Mining Inc (CDE) $5.39 -6.26%

Third day of action in Coeur d’Alene Sep 5.5 puts. A buyer paid 80 cents per contract to open a 10000-lot Friday (see 4/17 color). Another 21,000 were opened for 80 cents yesterday. The stock is off 34 cents to $5.41 today and 10000 CDE Sep 5.5 puts are bought for 90 cents per contract. [...]

April 21, 2015 | 0 Comments More

International Paper Co (IP) $53.41 -2.27%

Big print in International Paper as shares drop 2.5% to $53.27. A 10000-lot of Jul 60 calls on the paper company trades for 42 cents when the market was 32 to 42 cents. It might be a closer (tied to 194K), as the contract is falling 12.6% out-of-the-money and has 18,736 in open interest, which [...]

April 21, 2015 | 0 Comments More

CONSOL Energy Inc (CNX) $30.60 -1.73%

Pre-earnings put buyer in Consol Energy. The stock is off 52 cents to $30.92 and a 30000-lot of May 29 puts on the coal company trades for 74 cents per contract on ISE. A customer is buying-to-open and the interest comes ahead of a 4/28 earnings report.

April 20, 2015 | 0 Comments More

Peabody Energy Corporation (BTU) $5.18 -0.19%

Peabody Energy puts outpace calls by 10:1, driven by a large three-way spread. The stock is off 3 cents to $5.16 and one player sells a 4,000-lot of Jan 13 puts on the coal producer at $7.96 per contract and might be closing a position opened in early-August when shares traded near $16. The same [...]

April 20, 2015 | 0 Comments More

Molycorp Inc (MCP) $0.89 +11.11%

Molycorp options volume is 3X daily average, being driven by a large time spread. With the stock up 10 cents to 90 cents per share, the Weekly (5/1) – May .5-strike call spread on the rare earth materials trades for 3 cents, 7380X. It appears to be rolling a block of (short) calls opened at [...]

April 20, 2015 | 0 Comments More

Coeur Mining Inc (CDE) $5.72 +0.53%

Buyer lays out $800K for September Coeur Mining puts. Buyer paid 80c for 10K Sep 5.5 puts as shares traded 5.76 today. Trade is nearly 8x the average daily option volume in the silver and gold miner and will create the largest block of open interest in the name. Traded outright on the CBOE, with [...]

April 17, 2015 | 0 Comments More

Turquoise Hill Resources Ltd (TRQ) $4.02 -2.19%

Another day of premium selling in Turquoise Hill Resources. With the stock down 8 cents to $4.03, the Sep 4 straddle on the mining company is apparently being sold-to-open at 82 cents, 27000X. The Jan 4 straddle on TRQ was opened 25000X yesterday and the Jan 3.5 – 4 strangle at 80 cents, 50000X Tuesday [...]

April 16, 2015 | 0 Comments More

CONSOL Energy Inc (CNX) $30.16 +6.20%

Sizable spread in Consol Energy. The stock is up $1.67 to $30.07 amid broader gains in the coal sector and an Apr 30 – May 32 call spread on CNX trades for 24 cents, 12300X. The investor appears to be rolling a block of Apr 30 calls (at 34 cents today) opened on 3/16 for [...]

April 15, 2015 | 0 Comments More
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