Basic Resources

Cliffs Natural Resources Inc (CLF) $5.15 +1.58%

Cliff Natural Resources calls with a big increase in open interest, led by a diagonal spread. Shares finished at $5.07 Wednesday and the Weekly (4/10) 5 – Apr 6 call spread on the minerals company trades at 37 cents, 20000X. Both legs opened (although look again tomorrow because OI might be adjusted, as rolling out [...]

March 26, 2015 | 0 Comments More

Peabody Energy Corporation (BTU) $6.41 +0.94%

Closing call seller in Peabody Energy late-yesterday. Shares lost 13 cents to $6.35 and a 13,844-lot of Weekly (3/27) 6.5 calls on the coal company trades at 12 cents. More than 21,000 changed hands at that strike and the flow was probably covering some of the positions opened when BTU saw a flurry of call [...]

March 26, 2015 | 0 Comments More

Peabody Energy Corporation (BTU) $6.38 +0.00%

Sudden burst of Peabody Weekly (3/27) 6.5 calls. Shares lost 15 cents to $6.23, and it appears that buyers paid 10 and 13 cents. Weekly (4/2) 6.5 and Weekly (4/10) 7 calls are being swept across multipkle exchanges as well.

March 24, 2015 | 0 Comments More

Freeport McMoRan Inc (FCX) $19.25 +4.56%

Second day of active trading in Freeport McMoran calls. May 21 and 23 calls on the copper and gold company saw opening action Friday (see 3/20 color). The stock is up 85 cents to $19.26 today and an investor buys the May 20 – 23 call spread on FCX, 5000X, and sells 10000 Aug 25 [...]

March 23, 2015 | 0 Comments More

AuRico Gold Inc (AUQ) $3.06 +2.68%

AuRico Gold attRacts an opening put buyer. The stock is up 8 cents to $3.06 and a 12000-lot of Sep 3 puts on the gold miner trades for 52.5 cents. It might be a hedge and or replacing some of the 15,744 of open interest in Mar 4 puts on AUQ that are expiring today.

March 20, 2015 | 0 Comments More

Freeport McMoRan Inc (FCX) $17.59 +1.91%

Heavy trading in FreePort McMoran May 21 calls early Friday. The stock is up 35 cents to $17.61 and recent trades include a sweep of 6179 contracts for 28 cents, followed by smaller sweeps for 31 and 32 cents. 11,500 traded, as buyers appear to be opening and maybe looking to play the recent uptick [...]

March 20, 2015 | 0 Comments More

Nucor Corporation (NUE) $48.48 +2.26%

Second day of interest in Nucor call options. Mar 48 calls on the steelmaker saw opening activity yesterday (see 3/17 color) and the flow created 3000 contracts of open interest at that strike. The stock is up $1.30 to $48.71 today after the company announced a quarterly dividend of 37.25 cents. One player bought a [...]

March 18, 2015 | 0 Comments More

Cliffs Natural Resources Inc (CLF) $4.35 -4.19%

17000-lot of May 6 calls on Cliff Natural Resources is opened as shares fall to 10-year lows. The stock is off 15 cents to $4.39 and the investor is apparently buying the calls to open, maybe on the view tha the 35.8% month-to-date slide in shares of the metals and minerals company is overdone. Meanwhile, [...]

March 18, 2015 | 0 Comments More

Nucor Corporation (NUE) $47.21 -0.19%

Nucor Mar 48 calls seeing some opening activity in recent trade. The stock is off 20 cents to $47.10 and 1500 contracts were swept for 26 cents when the bid-ask was 20 to 26 cents. 4,570 changed hands at that strike against 2,593 in open interest. No news on the steelmaker this week. The company [...]

March 17, 2015 | 0 Comments More

Hecla Mining Company (HL) $2.86 +1.06%

Higher call volume in Hecla Mining. The stock is up 3 cents to $2.86 and a 1200-lot of Jun 3 calls on the gold miner trades for 26 cents when the market was 23 to 26 cents. 3,002 traded total against 2,203 in open interest. The stock is up nealry 6% in the past two [...]

March 12, 2015 | 0 Comments More
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