Yamana Gold Jan2016 5 – 10 call spread for 57 cents, 4088X. Looks like a buyer and, with the stock down 10 cents to $3.97 and off 53.5% year-to-date, maybe a new position on the view the Canadian gold miner will rebound in 2015.
Relative strength and increased call activity in Cliff Natural Resources. The stock is up 51 cents to $6.82 and recent trades on the metals/minerals company include a sweep of 2,110 Weekly (1/2) 5 calls for $1.81 when the bid-ask was 1.74 to 1.81. 4,875 traded at that strike and today’s activity is opening. 2,225 Weekly [...]
New position in Newmont Mining. With the stock up 23 cents to $18.80, the Jan2016 20 – 30 – 40 call fly on the midcap miner is being opened for $1.75, 5000X. Like Goldcorp (see GG color), the spread appears to be targeting a rebound in the gold miners in 2015.
Longer-term call fly in Goldcorp. With the stock up 71 cents to $18.38 and squeezing higher after the yellow metal gained $22 to $1195.5, a Jan2016 20 – 30 – 40 call butterfly spread is opened on the large cap gold miner for $1.50, 5000X on ISE. Data from the exchange confirm the spread is [...]
Bearish flow in Goldcorp as the mining sector is back under pressure. GG is off $1 to $17.08 in active trading of 9.1 million shares after the yellow metal dropped $21 to $1,175 an ounce. 5,100 Weekly (12/26) 17.5 puts traded on the gold miner, led by a sweep of 1,233 contracts for 34 cents [...]
AK Steel attacts call buyers. The stock is up 6 cents to $5.30 and one player bought a 3100-lot of Weekly (1/2) 6 calls on the steelmaker for 13 cents per contract. It opens. 2,300 Weekly (1/30) 6 calls and 1,000 Mar 6 calls on AKS also changed hands. Total volume is 7,500 calls and [...]
VALE Jan 7 puts sold at 26 cents, 20000X. With the stock down 7 cents to $7.19, an investor is opening and apparently looking for shares to hold above $7 over the next five weeks.
Notable buying in Stillwater Mining calls as shares bounce of early lows. Buyer paid 1.10 to 1.15 for nearly 3000 July 16 calls a few minutes ago as shares traded $14.15. Opens a new position on the palladium and platinum miner that was trading over $19 this summer.
Premium selling in Yamana Gold today. With the stock up 4 cents to $4.21, a 12860-lot of Jul 3.5 puts on the gold miner is sold at 45.5 cents. It’s tied to stock (29 delta) and the new position seems to be expressing confidence that shares can hold November lows of $3.45 per share. Weekly [...]
Thompson Creek Metals Jan – Jan2016 5-strike put spread is sold at 5 cents, 41500X. The stock is off 3 cents to $1.41 and the action appears to roll a block of short Jan 5 puts opened early-Feb when the stock traded for 2.6. The flow was rolling out of Mar 5s at the time [...]