Far OTM Puts Trade on Compania de Minas Buenaventura (BVN)

Shares of Compania de Minas Buenaventura S.A.A.

are lower on the session by 2.93%, currently trading at $40.43. The stock has been moving largely higher over the past six months in a technical uptrend. $40.00 looks like support. Options traders are buying puts on the name today, curiously far away from the current trade price. A short while ago the December $25.00 put and March 2011 $30.00 put were purchased 1,000 times, on the offer, for $0.20 and $0.60, respectively. Volume did not exceed open interest on either strike, which may indicate that short put positions have been closed out. Compania de Minas Buenaventura S.A.A. is a precious metals company engaged in the exploration, mining and processing of gold, silver and other metals in Peru. The company operates in the Julcani, Recuperada, Orcopampa, Poracota, Uchucchacua, Antapite and Ishihuinca mines and has interests in two other mining companies, which operate the Colquijirca, Marcapunta and Shila-Paula mines. For more great research like this, as well as how to play it through options…please visit

and

.