Basic Resources

AK Steel Holding Corp (AKS) $7.02 +4.78%

AK Steel attracts a put seller. The stock is up 4.9% to $7.03 and leading the steel names higher after updating its first quarter outlook. On the options front, an investor sold a 10000-lot of Jun 6 puts on AKS at 41 cents. It might close from 3/10 when buyers were paying 66 and 70 [...]

March 21, 2014 | 0 Comments More

Alpha Natural Resources Inc (ANR) $4.33 -2.70%

Alpha Natural Resources attracts a hefty call spread. The stock is off 3.2% to $4.3 after Bank of America cut its price target on the coal producer. In early options trading, the Jan 5 – 7 cs trades on ANR for 48 cents, 10000X on ISE. A customer is rolling a position down in strikes, [...]

March 20, 2014 | 0 Comments More

Coeur Mining Inc (CDE) $10.94 +3.31%

Coeur Mining call buyer digging for upside gold. 8000 calls have traded on the name in the opening minutes, 50x normal, with an early buyer snapping up several thousand June 10 calls from 1.30 to 1.50 as shares spiked nearly 4% to $10.90. Unclear catalyst, GLD and most mining names lower this morning. CDE saw [...]

March 18, 2014 | 0 Comments More

Cliffs Natural Resources Inc (CLF) $18.71 +1.80%

Cliff Natural Resources sees beraish flow. The stock is up 37 cents to $18.72 and the investor is apparently selling 2500 Jan 20 calls on the Cleveland-based metals and minerals company at $2.45 to buy 2500 Jan 13 – 18 put spreads for $2.25. Open interest is sufficient to cover, but recent flow in CLF [...]

March 17, 2014 | 0 Comments More

New Gold Inc (NGD) $5.93 -7.34%

Bearish action in New Gold. The stock fell sharply at the open and is down 7.5% to $5.92 in active trading of 4 million shares. Recent options trades on the Vancouver-based miner includes a sweep of 2150 Mar 6 puts for 20 cents when the market was 15 to 20 cents. Looks like a put [...]

March 17, 2014 | 0 Comments More

Stillwater Mining (SWC) $15.15 -3.44%

Stillwater sees higher call volume. The stock is off 50 cents to $15.19 and a 10000-lot of Apr 15s is sold on the Billings, MT minerals company at $1.10 per contract. It’s tied to 650K shares and might close a position opened on 3/5 when a 10000-lot was opened for 35 cents. The stock has [...]

March 17, 2014 | 0 Comments More

Alpha Natural Resources Inc (ANR) $4.35 -1.81%

Alpha Natural Resources attracts higher call volume. The stock is off 8 cents to $4.35 and the Jan 5 – 7 call spread trades on the coal producer for 50 cents, 10000X on ISE. A customer is buying-to-open, according to ISEE data. Jun 4 and 5 calls on the stock are drawing interest as well. [...]

March 13, 2014 | 0 Comments More

Vale SA (VALE) $12.81 +2.15%

Higher put volume in VALE. The stock is up 23 cents to $12.77 and one player sold a hefty 37900-lot of Sep 12 puts on the Brazilian metals and minerals company at 95 cents per contract, to open. The new position seems to be expressing confdience that shares will hold above $12 through mid-September. A [...]

March 12, 2014 | 0 Comments More

Cliffs Natural Resources Inc (CLF) $18.70 +4.00%

Cliff Natural Resources sees higher put volume. Nearly 40,000 traded, driven by a hefty spread sale. The investor sells 15,000 Jul 20 puts on the stock at $3.15 and buys 18,000 Jul 18 puts for $2.07. The 18 puts are opening and the July 20 puts were apparently opened on 2/14 for $1.66. The stock [...]

March 12, 2014 | 0 Comments More

Rio Tinto Plc (RIO) $52.09 -2.44%

Bearish flow in Rio Tinto. The stock is down $1.34 to $52.04 on increasing volume of 3.1 million shares. Roughly 14,000 calls and 2,000 puts traded on the UK-based metal and minerals company, which is 3.5X the daily average. One player bought the Mar – Apr 50 put spread on RIO this morning for 75 [...]

March 10, 2014 | 0 Comments More
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