Basic Resources

Coeur Mining Inc (CDE) $6.12 -4.08%

Noteworthy activity in Coeur Mining options. The stock is down 27 cents to $6.11 and falling to 52-week lows amid ongoing weakness in the miners. A 15900-lot of Jan 8 calls on CDE trades for 20 cents when the market was 15 to 20 cents. 18500 traded at that strike against 882 in open interest. [...]

September 19, 2014 | 0 Comments More

Peabody Energy Corporation (BTU) $13.32 -1.26%

Bearish flow in Peabody Energy. The stock is off 12 cents to $13.37 and one player bought a 10000-lot of Mar 10 puts on the natural gas/coal producer for 31.5 cents per contract. Separately, 4,000 Mar 12 puts on the stock were swept across multiple exchanges for 75 cents and is an opening buyer (firm, [...]

September 19, 2014 | 0 Comments More

Arcelor Mittal (MT) $15.13 +2.16%

Sizable trade in Mittal Steel. The stock is up 33 cents to $15.14 and the Dec 13 – 16 risk-reversal on the steel-maker trades for 28 cents, 20000X on ISE. A customer bought-to-open, according to ISEE data. If so, the new position is expressing confidence that the recent advance in MT can continue over the [...]

September 18, 2014 | 0 Comments More

CONSOL Energy Inc (CNX) $39.02 +0.49%

Consol Energy draws a noteworthy spread trade. With the stock up 10 cents to $38.93, the investor apparently sold Jan 34 puts on the coal and natural gas company to buy the Jan 43 – 47 call spread, collecting 3 cents on the three-way, 12373X. The new position is being opened after a three-month 15% [...]

September 17, 2014 | 0 Comments More

BHP Billiton Ltd (BHP) $65.71 +1.70%

Repeat put buying in BHP Billiton. The stock is up $1.13 to $65.74 and one player bought a 17,000-lot of Oct 60s on the metals and minerals company for 30 cents per contract. 19,000 traded on the day and today will probably add to the positions opened yesterday for 32 cents (see 9/15 color). The [...]

September 16, 2014 | 0 Comments More

Alcoa Inc (AA) $16.32 -2.39%

Alcoa attracts increased call activity. The stock is down 39 cents to $16.33 and a Jan 19 – 21 call spread on the aluminum company is apparently bought for 22 cents, 5000X. 10000 traded on the day and the positioning appears to open. If so, the call spread appears to be expressing an aggressively bullish [...]

September 15, 2014 | 0 Comments More

BHP Billiton Ltd (BHP) $64.49 -1.03%

Bearish flow in BHP Billiton. The stock is off 60 cents to $64.56 on weak industrial production numbers out of China and smaller lots of Oct 60 puts on the metals company printed for 31 cents before a 16400-lot traded for 32 cents when the bid-ask was 22 to 30 cents. 19,500 now traded at [...]

September 15, 2014 | 0 Comments More

Molycorp Inc (MCP) $1.50 -3.23%

Mar 1.5 puts on Molycorp are swept up across multiple exchanges Friday. With the stock down a nickel to $1.50, it looks like players were paying 43, 44, 45, 46, 47 and 48 cents per contract. 10,000 traded on the day and the flow is opening. It seems to be expessing concerns that shares of [...]

September 12, 2014 | 0 Comments More

Arch Coal (ACI) $2.93 -1.35%

Bearish flow in the coal producers appears to be a theme today. Arch Coal is off 4 cents to $2.93 and 6,000 Oct 4 puts traded in the name. Another 1,000 Oct 2.5 puts also changed hands. Walter Energy (WLT), which saw a big call spread seller not long ago, is also seeing buying in [...]

September 11, 2014 | 0 Comments More

Alcoa Inc (AA) $17.00 -0.64%

Alcoa attracts early options action. The stock is off 10 cents to $17 and smaller lots of Jan 18 calls on the aluminum maker changed hands for 75 and 71 cents before an 8483-block printed at 70 cents on ISE when the market was 71 to 73 cents. Open interest is sufficient to cover, but [...]

September 10, 2014 | 0 Comments More
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