Basic Resources

Gold Fields Ltd (GFI) $4.15 +1.72%

Put bomber hits Gold Fields Ltd this morning. Seller collected 20c on 14K Nov 4 puts to open a new position as shares traded near $4.14. Traded outright and will create the largest block of put open interest in the gold miner.

September 23, 2014 | 0 Comments More

Peabody Energy Corporation (BTU) $12.82 -3.54%

Bearish theme in the natural gas/coal producers continues. Peabody Energy is off another 45 cents to $12.84 and an investor bought a 9000-lot of Mar 11 puts on the stock. They also sold 1,088 Jan 13 puts and 3,381 Mar 13 puts. $43K was collected on the three-way and the activity probably rolls in-the-money 13-strike [...]

September 22, 2014 | 0 Comments More

Freeport McMoRan Inc (FCX) $33.08 -2.88%

Additional flow in Freeport McMoran. While Weekly (9/26) 34 calls on the gold and copper company saw early buying interest, more recent trades included a 15840-lot of Nov 30 puts on FCX for 35 cents on ISE. An investor bought-to-open, according to ISEE data. More than 25,000 traded at that strike. Volume in the Weekly [...]

September 22, 2014 | 0 Comments More

Vale SA (VALE) $11.35 -5.42%

Ratio spread in VALE. With the stock down 61 cents to $11.39, an investor sells 5,000 Jan 13 puts on the metals and minerals company at $1.98 to buy 15,000 Jan 10 puts for 32 cents. The flow probably rolls a block of puts from in-the-money Jan 13s to a larger position in the out-of-the-money [...]

September 22, 2014 | 0 Comments More

Iamgold Corporation (IAG) $2.98 -6.29%

IAMGold Dec 2.5 puts are swept across multiple exchanges for 15 cents, 13660X. The bid-ask was 10 to 15 cents. 13,725 now traded against 10,638 in open interest. The market is 10 to 20 cents. With the stock down 18 cents to $3 and shareholder is possibly buying Dec 2.5 puts to hedge stock for [...]

September 22, 2014 | 0 Comments More

BHP Billiton Ltd (BHP) $61.31 -3.16%

A 4630-lot of BHP Oct 60 puts trades for 97 cents on ISE. With the stock down $2.06 to $61.25, a customer bought-to-open, according to ISEE data, and the new position will add to the open interest, which is already the largest block of OI in the name at 36,488 contracts. Most of that OI [...]

September 22, 2014 | 0 Comments More

Freeport McMoRan Inc (FCX) $33.61 -1.32%

Freeport McMoran sees short-term call activity. The stock is 1.4% to $33.57 and testing its May-June support lows amid ongoing weakness in the metals names. FCX is off nearly 15% from the 52-week highs set a little more than two months ago. Recent options trades on the gold and copper miner included a sweep of [...]

September 22, 2014 | 0 Comments More

Mechel Open Joint Stock Company (MTL) $1.04 -28.28%

Mechel Open Joint October calls draw early interest. The stock is off 43 cents to $1.02 and falling to new lows after a Russian official warned that bankruptcy is the most likely scenario for the steel maker. Early buyers of Oct 2 calls on MTL are apparently paying a nickel and Oct 1 calls trade [...]

September 22, 2014 | 0 Comments More

Coeur Mining Inc (CDE) $6.12 -4.08%

Noteworthy activity in Coeur Mining options. The stock is down 27 cents to $6.11 and falling to 52-week lows amid ongoing weakness in the miners. A 15900-lot of Jan 8 calls on CDE trades for 20 cents when the market was 15 to 20 cents. 18500 traded at that strike against 882 in open interest. [...]

September 19, 2014 | 0 Comments More

Peabody Energy Corporation (BTU) $13.32 -1.26%

Bearish flow in Peabody Energy. The stock is off 12 cents to $13.37 and one player bought a 10000-lot of Mar 10 puts on the natural gas/coal producer for 31.5 cents per contract. Separately, 4,000 Mar 12 puts on the stock were swept across multiple exchanges for 75 cents and is an opening buyer (firm, [...]

September 19, 2014 | 0 Comments More
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