Notable Call Options Activity in Ivanhoe Mines

Shares of Ivanhoe Mines

are higher on the session by 2.31%, currently trading at $17.75. The stock has been moving largely higher over the past three weeks and is currently testing the 50-day moving average. Options traders are focusing on calls today. The strike seeing the heaviest volume is the March 2012 $20.00 call, which has traded 22,000 times on open interest of 25,780 contracts. Calls are outpacing puts today by 6 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.