Basic Resources

Turquoise Hill Resources Ltd (TRQ) $3.29 +1.86%

Bullish trading in Turquoise Hill Resources. The stock is up 6 cents to $3.29 and a 4700-lot of Dec 3.5 calls on the metals and minerals company is bought for 50 cents per contract. 10,040 traded at that strike against 6 contracts in open interest. Shares were down 16.1% on the week prior to today. [...]

June 27, 2014 | 0 Comments More

Eldorado Gold Corp Ltd (EGO) $7.53 +5.61%

Relative strength and in-the-money call buyers in Eldorado Gold. The stock is up 5.8% to $7.55 in active trading of 3.4 million shares. Calls outpace puts by 10:1, as 6,400 calls and 610 puts traded in the name. The top trade is a sweep of 1,160 Jul 7s for 65 cents when the market was [...]

June 27, 2014 | 0 Comments More

Alcoa Inc (AA) $14.93 +2.61%

Alcoa option volume 4x normal with calls leading puts 7:4 and premium buyers driving the flow. July 15 put buyer started things out paying 45c 4500x on NYSE-ARCA when shares were near $14.89 after setting a new multiyear high early in the day. An hour later a block of 4100 Oct 16 calls were bought [...]

June 26, 2014 | 0 Comments More

Peabody Energy Corporation (BTU) $16.40 -0.18%

Peabody Energy call volume heavy this morning. 10K calls in first hour vs 500 puts, with July 17.5 calls leading the list as shares trade near flat at $16.41. 5400 on the tape for an avg price of 35cents, and ISE reports flow is opening customer buyer. Appears to add to positions opened earlier this [...]

June 26, 2014 | 0 Comments More

AK Steel Holding Corp (AKS) $7.78 +2.10%

AK Steel attracts early options action. The stock is up 20 cents to $7.82 after announcing an increase of base prices for stainless steel products yesterday. AKS is now up 27.1% month-to-date. Early options trades on the stock Wednesday include a sweep of 2,722 Sep 8 calls for 65 cents when the bid-ask was 60 [...]

June 25, 2014 | 0 Comments More

Mechel Open Joint Stock Company (MTL) $1.98 -9.17%

Mechel Open Joint draws early options action. The stock is down 18 cents to $2 after dropping 12.7% last week. The focus is on in-the-money Jul 3, 3.5, and 4 puts this morning, as buyers appear to be opening new positions. Total volume is 3,015 puts and 95 calls. The bearish flow comes a little [...]

June 23, 2014 | 0 Comments More

Companhia Siderurgica Nacional (SID) $4.17 +0.00%

Brazilian steel maker Companhia Siderurgica sees bearish flow. The stock is flat at $4.17 and most of the options actiivty is in Dec 4 puts after 10000 were swept across multiple exchanges for 50 cents when the bid ask was 35 to 50 cents. Open interest is 3,555.

June 20, 2014 | 0 Comments More

Kinross Gold Corporation (KGC) $4.29 -2.94%

Kinross Gold sees higher call volume. The stock is off 13 cents to $4.29 after rallying along with other names in the sector on higher gold prices yesterday. A 40,044-lot of Nov 5 calls trades on the gold miner for 20 cents per contract on ISE. Data from the exchange is reporting an opening seller, [...]

June 20, 2014 | 0 Comments More

Agnico Eagle Mines Ltd (AEM) $36.89 +4.56%

Agnico Eagle Mines attracts bullish flow. The stock is up $1.59, or 4.5%, to $36.89 on increasing volume of 3.3 million shares after gold gained more than $45 to $1318 Thursday (silver up $1.10 to $20.88). On the options front, 11,000 calls and 2,050 puts traded in AEM. Aug 35 calls have traded 2,658 contracts. [...]

June 19, 2014 | 0 Comments More

Pan American Silver Corp (PAAS) $14.87 +5.31%

Pan American Silver shines. The stock is up 75 cents to $14.87 in active trading of 1.9 million shares on a bright day for silver prices. Meanwhile, 10,000 calls and 1,400 puts traded in PAAS, which is 8X the daily average for the silver miner. 2,356 Oct 17 calls traded on the stock. Oct 16, [...]

June 19, 2014 | 0 Comments More
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