Lump of Coal Calls

• Posted by Adam Warner
• on September 9th, 2009

Some action in Arch Coal from What’s Trading.

Arch Coal (ACI) is down 18 cents to $17.94 and options volume is running 4X the usual ahead of a presentation Thursday (Sep 10, 12:25) at the Barclay’s Energy Power Conference. Most of the activity is in the longer-term (Jan 2011) 30 and 35 calls, with 5,315 and 8,500 contracts traded, respectively. Looks like opening buyers, but might include some spreads as well.

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