Basic Resources

Goldcorp Inc (GG) $17.83 +0.11%

Goldcorp sees a big premium seller. 20K Jan 18 calls sold at $1.75 and is maybe part of a pairs trade. See earlier note on Barrick Gold (ABX).

May 29, 2015 | 0 Comments More

Barrick Gold Corporation (ABX) $11.94 -0.50%

Big call buyer in Barrick Gold sells calls on Goldcorp. The stock is off 3c to $11.97 and a 30K block of Jan 12 calls on Barrick Gold trades for $1.45. The opening position is maybe part of a pairs trade, as 20K Jan 18 calls on Goldcorp were sold at $1.75 at roughly the [...]

May 29, 2015 | 0 Comments More

Freeport McMoRan Inc (FCX) $19.98 -0.89%

Opening action in Freeport McMoran puts early Friday. The stock is off 18c to $19.98 and nearly 2,000 Jul 19 put options have traded on the gold and copper mining company. The flow incudes a sweep of 1,454 contracts across multiple exchanges for 60c when the bid-ask was .40 to .60. The interest comes ahead [...]

May 29, 2015 | 0 Comments More

Gold Fields Ltd (GFI) $3.34 -3.47%

Gold Field sees early options action. The stock is off 11c to $3.35 and the Jun 4.5 – Jul 3.5 call spread on the mining company trades at 16c, 5000X. The investor is apparently covering a block of short Jun 4.5 calls opened on 4/30 at 25c when shares traded for $4.35, while selling a [...]

May 26, 2015 | 0 Comments More

Freeport McMoRan Inc (FCX) $21.08 +0.00%

Freeport McMoran calls outpace puts 10:1. With the stock up a nickel to $21.13, roughly 17K calls and 1,700 puts traded on the gold and copper producer. The top trade is a 7500-lot of Aug 25 calls for 36c when the market was 32 to 36c and maybe a closing buyer. Open interest at that [...]

May 21, 2015 | 0 Comments More

Turquoise Hill Resources Ltd (TRQ) $4.48 +2.75%

Hefty premium selling in Turquoise Hill Resources. The stock is up a dime to $4.46 and the Dec 4.5 – 5 strangle on the metals company is sold at 85c, 12500X on AMEX. 25K traded total and the activity is opening. Jan 4.5 call buying in Turquoise was noted earlier and appeared to be closing. [...]

May 19, 2015 | 0 Comments More

Turquoise Hill Resources Ltd (TRQ) $4.71 +8.03%

Big call buyer in Turquoise Hill Resources. The stock is up 36c to $4.72 after the company announced a new mine project and a 9900-lot of Jun 4.5 calls on the minerals company is bought for 80c per contract. It probably covers from 5/6 when a 9800-lot was sold-to-open at 50c with the stock at [...]

May 19, 2015 | 0 Comments More

Arcelor Mittal (MT) $11.51 +4.97%

Arcelor Mittal with relative strength and bullish order flow. The stock hit a morning high of $11.89 and is up 5.25% to $11.52 in brisk trading of nearly 10M shares on reports of possible anti-dumping duties in the Eurozone steel market. One player bought a 9500-lot of Jun 21 calls on the Luxembourg manufacturer this [...]

May 14, 2015 | 0 Comments More

Freeport McMoRan Inc (FCX) $23.19 +2.57%

Heavy call activity in Freeport McMoran. The stock is up 55c to $23.16 and nearly 5,000 May 23 calls traded on the gold and copper miner. May 23.5, Jun 25 calls, May 22.5 calls are the next most actives in the name. Total volume is lopsided 6:1, with roughly 18K calls and 3,000 puts traded [...]

May 14, 2015 | 0 Comments More

Noranda Aluminum Holding Corp (NOR) $2.13 +2.64%

Noranda attracts a noteworthy call buyer. The stock is up a nickel to $2.13 and 10K Jun 2 calls on the alumimum-maker trade for 27c per contract on ISE. A customer is buying-to-open, according to ISEE data and maybe bottom fishing after shares plummeted to 52-week lows yesterday on reports Apollo Management was selling a [...]

May 13, 2015 | 0 Comments More
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