Notable Call Options Activity in GMX Resources
By Michael J. Zerinskas
November 03, 2011 10:22 AM
November 03, 2011 10:22 AM
Shares of GMX Resources (NASDAQ: GMXR) are lower on the session by 21.28%, currently trading at $1.968. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average.
Options traders are focusing on calls today. A short while ago the November 2011 $2.00 call traded 2,900 times on open interest of 4,075 contracts.
Calls are outpacing puts today by 54 to 1.
GMX Resources Inc. is a pure play independent oil and natural gas exploration and production company. The company is focused on the development of Haynesville/Bossier Shale and Cotton Valley Sands in the Sabine Uplift of the Carthage, North Field of Harrison and Panola counties of East Texas
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