Basic Resources

Rio Tinto Plc (RIO) $44.22 -0.16%

Second day of interest in July 45 calls on Rio Tinto. Yesterday’s flow (see 1/29 color) created 13,328 contracts of new open interest at that strike. Early trades on the metals company today include a sweep of 1,045 Jul 45 calls for $3.20 across multiple exchanges and then another 915 for $3.30. Shares are flat [...]

January 30, 2015 | 0 Comments More

Rio Tinto Plc (RIO) $44.28 +2.33%

While VALE sees bearish flow today, peer Rio Tinto is seeing higher call volume. The stock is up $1 to $44.27 and the top trade on the metals/minerals company is a sweep of 5,000 Jul 45 calls for $2.55 when the market was 2.20 to 2.55. Later, 1,500 more traded for $2.80. More than 13,000 [...]

January 29, 2015 | 0 Comments More

Weyerhaeuser Company (WY) $35.32 -0.70%

Cautious pre-earnings flow in Weyerhaeuser. Shares near $35.34 with earnings tomorrow morning and 3500 contracts have traded today with puts leading calls 5:2. Notable blocks include an opening buyer of 800 2/6 35 puts for 45cents and a buyer of 727 1/30 35.5 puts at 55cents, also opening. Straddle prices in move near 2%, in [...]

January 29, 2015 | 0 Comments More

Rio Tinto Plc (RIO) $43.78 +1.18%

Million dollar call buyer opens new position in Rio Tinto. Initiator paid $2.55 for 5K July 45 calls a moment ago as shares traded 43.79. Trade size is triple the average daily call volume in the name and may be a view toward earnings, expected Feb 12.

January 29, 2015 | 0 Comments More

Newmont Mining Corp Holding Co (NEM) $24.10 -0.66%

Notable call spread in Newmont. With the stock off 18 cents to $24.08, the Mar 20 – 22 cs on the gold miner is bought for $1.66, 11000X. It probably rolls a block of (short) calls to the 22-strike. Trade history shows opening sales of Mar 20 calls earlier this month, including 6300 at $1.98 [...]

January 29, 2015 | 0 Comments More

Vale SA (VALE) $6.91 -4.03%

Higher options volume in VALE led by one block trade. The stock is off 24 cents to $6.96 and a 40000-lot of Jun 7 puts on the Brazilian metals company is bought for 90 cents per contract. 40,289 now traded at that strike against 18,584 in open interest. The stock is making a stab at [...]

January 29, 2015 | 0 Comments More

Alcoa Inc (AA) $15.65 -0.95%

Bullish option flow in Alcoa continues trend. Shares near 15.64 and a trader sold 10K Jan16 15 puts for 1.61 tied to 15.86 stock in what appears to open a new position. Alcoa option volume has been strong since earnings on 1/13, including size buying of March 16 calls on 1/21 (60c for 16K) and [...]

January 29, 2015 | 0 Comments More

BHP Billiton Ltd (BHP) $45.76 -0.15%

Big put buyer in BHP. With shares off a nickel to $45.78, the investor sells 3,800 Feb 47.5 puts on the metals/minerals company at $2.32 and buys 8,000 Mar 42.5 puts for $1.24. The action probably rolls a position in Feb puts out to March, down 5 strikes, after recent weakness in BHP. The stock [...]

January 28, 2015 | 0 Comments More

Cliffs Natural Resources Inc (CLF) $7.87 -8.38%

Call buyer in Cliff Natural Resources. The stock is down 68 cents to $7.91 and a 6500-lot of Feb 10 calls on the metals and minerals company is bought for 27.5 cents. 10,049 traded on the day against 3,881 in open interest, as some players are possibly bracing for a short squeeze heading into a [...]

January 23, 2015 | 0 Comments More

Alcoa Inc (AA) $15.60 -2.74%

Alcoa attracts early options flow. With the stock off 42 cents to $15.62, 2,176 Mar 16-strike calls on the aluminum-maker are swept across multiple exchanges for an average of 60.6 cents and then 1,240 more traded for 61 cents. Volume at that strike is 4,126 and today’s flow appears to be repeat buying from Monday, [...]

January 23, 2015 | 0 Comments More
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