Calls Sold on Minefinders (MFN)

Shares of Minefinders Corporation Ltd.

are lower on the session by 4.21%, currently trading at $10.23. The stock has been moving largely higher over the past three months, off of a recent low near $8.25. $10.00 was historical resistance; look for the stock to confirm its uptrend by finding support there now. Options traders are taking some money off the table today by selling calls. Right at the opening bell the February $7.50 call was sold 1,000 times, on the bid, for $3.05 and the February $10.00 call was sold 1,400 times, on the bid, on open interest of 7,962 contracts. Call volume is now running at 2.80x the daily average, 1% on the offer. Minefinders Corporation Ltd. is engaged in precious metals mining and exploration. The company commenced its commercial production of gold and silver on May 1, 2009, at its wholly owned Dolores Mine in Mexico. For more great research like this, as well as how to play it through options…please visit

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