Calls Purchased on Minefinders (MFN)

Shares of Minefinders LTD MFN are higher on the session by 2.89%, currently trading at $9.68. The stock has been drifting lower over the past six months, but is now trading above the 50-day and 200-day moving averages, which may signal a turn-around. Options traders are buying upside as well. The August $10 call was bought, on the offer, 1,200 times; open interest on that strike is 4,032 contracts. Call volume is now running at 4.5x the daily average. Minefinders Corporation Ltd. is engaged in precious metals mining and exploration. The Company commenced its commercial production of gold and silver on May 1, 2009, at its wholly owned Dolores Mine in Mexico.