Notable Call Options Activity in Ivanhoe Mines

Shares of Ivanhoe Mines

are higher on the session by 3.15%, currently trading at $17.34. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on calls today. A short while ago the March 2012 $20.00 call traded 10,800 times on open interest of 2,801 contracts. Small lots are also active in Jan2012. Calls are outpacing puts today by 24 to 1. Ivanhoe Mines Ltd. is an international mineral exploration and development company. The company's principal mineral resource property is the Oyu Tolgoi Project, located in Mongolia.