Puts Purchased on Yanzhou Coal Mining (YZC)

Shares of Yanzhou Coal Mining Company Limited YZC are lower on the session by 0.40%, currently trading at $28.80. The stock has been moving largely higher over the past two months, rallying above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the November $25.00 put was purchased 1,000 times, on the offer, for $0.15 on open interest of only 142 contracts. This signals new positioning on the name. Overall put volume is now running at 4.41x the daily average, 99% of which have been purchases on the offer. Yanzhou Coal Mining Company Limited is engaged in the mining, preparation and sale of coal, as well as the railway transportation of coal. As of December 31, 2009, the company owned and operated six coal mines: Nantun, Xinglongzhuang, Baodian, Dongtan, Jining II and Jining II.
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