Notable Call Options Activity in Rio Tinto

Shares of Rio Tinto

are lower on the session by 4.02%, currently trading at $54.15. 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 calls today. The strike seeing the heaviest volume is the October 2012 $65.00 call, which has traded 10,000 times on open interest of 28 contracts. Calls are outpacing puts today by 12 to 1. Rio Tinto plc is engaged in minerals exploration, development, production and processing. The company's product groups include aluminum, copper, diamonds and minerals, energy, and iron ore. Its major products are aluminum, copper, diamonds, coal, iron ore, uranium, molybdenum, gold, borates, titanium dioxide, salt and talc.