Traders Mine For Rally In Rio Tinto

By Mike Yamamoto of OptionMonsterNEW YORK -- The bulls are piling into Rio Tinto ahead of its earnings report in two weeks. More than 7,000 September 60 calls traded for 90 cents to $1.15 on Thursday, according to OptionMonster's tracking system. These are new positions, as open interest in the strike was just 72 contracts before the trades appeared. These long calls lock in the price where the stock can be purchased through mid-September no matter how far it might climb.

Topics:  mike yamamoto   optionmonsternew york   september    u.k    aug   industrial   china   total   yamamoto   metals    mining    yamamoto    the   rio tinto   rio    rio   click   rally   contracts   thursday   calls   volume   price   positions   bullish   company   
BING NEWS:
  • Bentonville Film Fest Sets ‘Out of My Mind’ as Opener, Unveils Competition Lineup
    Amber Sealey’s Out of My Mind will open the 10th annual Bentonville Film Festival, which aims to amplify female, nonbinary, LGBTQIA+, BIPOC and people with disabilities’ voices in entertainment.
    04/30/2024 - 3:00 pm | View Link
  • Live news: German inflation ticks up unexpectedly but core reading drops
    German inflation rose slightly more than forecast in April, but when excluding a pick-up in energy and food costs, underlying price pressures continued to fall. Consumer prices in Germany rose 2.4 per ...
    04/29/2024 - 1:25 am | View Link
  • Ofcom warns broadcasters to remain impartial ahead of election, FTSE 100 hits new record high – business live
    FTSE shows ‘more stamina’ and is on track for its sixth consecutive session of gains, the first such winning streak since August 2023 ...
    04/24/2024 - 12:06 am | View Link
  • Share market advances ahead of March quarter CPI
    Australian shares advanced on Tuesday as investors awaited fresh inflation data for clues on whether the Reserve Bank could deliver rate cuts this year.
    04/23/2024 - 10:49 am | View Link
  • Australian shares rally as Middle East tensions ease
    The ASX200 climbed 1.1 per cent, with every sector in the green except for energy after the threat of war between Israel and Iran appeared to fade.
    04/21/2024 - 8:33 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News