Notable Call Options Activity on Jaguar Mining

Shares of Jaguar Mining

are lower on the session by 2.37%, trading at $6.19. The stock has been moving largely lower over the past two months and is currently testing the 50-day moving average. Options traders are focusing on calls today. The strike seeing the heaviest action is the March 2012 $6.00 call, which has traded 2,700 times on open interest of 9,451 contracts. The majority of the action stems from a 2,500 contract block that was sold for $1.20. Call volume is outpacing put volume by 6 to 1. Jaguar Mining Inc. engages in the production of gold, as well as in the acquisition, exploration, development, and operation of gold mineral properties in Brazil. It holds interests in the Turmalina, Paciencia, Sabara, and Caete gold projects in the state of Minas Gerais.