Basic Resources

Barrick Gold Corporation (ABX) $15.00 +2.32%

Long-term bull in Barrick Gold. With shares up 34 cents to $15, a 20000-lot of Jan2017 25 calls on the gold miner is bought-to-open for 76 cents, to open.

October 1, 2014 | 0 Comments More

Newmont Mining Corp Holding Co (NEM) $23.61 -0.96%

Noteworthy trade in Newmont Mining as 10620 Nov 28 calls on the gold miner are swept for 10 cents across multiple exchanges when the bid-ask was 7 to 10 cents. It’s opening and is perhaps being opened as a ‘cheap” play on the view the stock is oversold after losing another 19 cents to $23.65. [...]

September 25, 2014 | 0 Comments More

Arcelor Mittal (MT) $14.01 -1.55%

Mittal Steel Dec 14 puts are drawing interest. Smaller lots printed for 70 and 71 cents before a 6567-block traded for 74 cents on CBOE when the market was 69 to 75 cents. It appers to repeat from Friday when a buyer apparently paid 57 cents for a 6400-lot of those same Dec 14-strike puts [...]

September 25, 2014 | 0 Comments More

Alpha Natural Resources Inc (ANR) $2.59 -10.07%

The woes continue for Alpha Natural Resources as shares of the coal producer drop another 10% to new lows of $2.59. Recent options trades on ANR include a sweep of 10747 Oct 2.5 puts across multiple exchanges for 14 cents when the bid-ask was 12 to 14 cents. 12,267 now traded vs. 1,296 in OI [...]

September 24, 2014 | 0 Comments More

Rio Tinto Plc (RIO) $51.73 +1.57%

Rio Tinto Jan 45 puts are bought for 93 cents, 9000X. The stock is up 79 cents to $51.72 after dropping 14% since mid-August. Today’s put buying is expressing concerns that the rebound in RIO will be short-lived. More than 10,000 Jan 45 puts now traded against 2,635 in open interest. Bearish trading in the [...]

September 24, 2014 | 0 Comments More

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
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