Notable Call Options Activity in NovaGold Resources

Shares of NovaGold Resources

are higher on the session by 0.13%, currently trading at $7.96. The stock has been moving largely lower over the past two months and is currently trading below the 50-day moving average. Options traders are focusing on calls today. The strike seeing the heaviest volume is the February 2012 $8.00 call, which has traded 1,413 times on open interest of 89 contracts. The majority of the action stems from a 1,305 contract block, sold for $0.80. Calls are outpacing puts today by 13 to 1. NovaGold Resources Inc. is a precious metals company engaged in the exploration and development of mineral properties situated principally in Alaska, the United States of America and British Columbia, Canada. For more expert research like this, as well as how to play it through options…please visit

and

.