Notable Call Options Activity in James River Coal

Shares of James River Coal JRCC are higher on the session by 3.97%, currently trading at $6.54. 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 June 2012 $7.00 call, which has traded 5,142 times on open interest of 12 contracts. The Jun2012 $10.00 and $12.00 calls are also active. The majority of the volume stems from a 5,225 contract block of Jun2012 $7.00 calls, purchased for $1.40. Calls are outpacing puts today by 96 to 1. James River Coal Company mines, processes and sells bituminous, steam- and industrial-grade coal through six operating subsidiaries (mining complexes) located throughout eastern Kentucky and in southern Indiana.