Put Seller in Alpha Natural Resources

Alpha Natural Resources (NYSE: ANR) saw what appears to be an opening August 5 put seller on Tuesday.

12,500 contracts traded on the bid of $0.11 and, with implied volatility slipping 3%, it looks like a seller placing a bet that the shares will remain above $5.00 over the next 3.5 weeks. If that is the case, today's trade initiator would pocket the total premium ($137.5k) collected today. This morning's activity has already pushed total contract volume above ANR's average daily volume.

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