Notable Put Options Activity in Thompson Creek Metals
Shares of Thompson Creek Metals (NYSE: TC) are higher on the session by 1.24%, currently trading at $7.37. The stock has been moving largely lower over the past three weeks and is currently trading below the 50-day moving average.
Options traders are focusing on puts today. The strike seeing the heaviest action is the September 2012 $7.00 put, which has traded 2,300 times on open interest of 15,438 contracts. The Mar2012 $8.00 put also traded 1,800 times on 10,671 contracts.
Put volume is outpacing call volume by 7 to 1.
Thompson Creek Metals Company Inc. is a mining company. TCM has two operating molybdenum mines, a copper-gold mine under construction, a stand-alone metals roasting facility, and a range of metals properties in various stages of exploration.
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