LYC 1.16% $1.74 lynas corporation limited

Lynas and Moly options

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    http://www.schaeffersresearch.com/m...es on molycorp inc mcp/default.aspx?ID=124255
    Molycorp Inc (NYSE:MCP) options are flying off the shelves this afternoon, amid the rare earths stock's 1.5% dip. By the numbers, calls have a slight advantage over puts -- 25,000 contracts to 24,000 -- and are crossing at 10 times the expected rate for this point in the day.
    Looking more closely, MCP is seeing potential buy-to-open activity at a number of strikes, including the out-of-the-money June 1 call and March 0.50 put. The call buyers expect the shares to muscle atop the $1 mark by June options expiration. However, in order to do so, the stock will needle to hurdle its descending 80-day moving average -- which rejected an advance earlier today -- currently resting at $0.95. By contrast, the put traders anticipate MCP will settle below $0.50 by the close on Friday, March 20, when back-month options expire.
    From a wider vantage point, long calls have held a decisive advantage over long puts in recent weeks. MCP's 10-day put/call volume ratio across the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) stands at 13.67 -- above 88% of similar readings from the previous 12 months. However, some of these bets may have been initiated by short sellers hedging -- considering nearly 28% of the equity's float is sold short, which would take more than three weeks to buy back, at typical trading levels.
    On the charts, Molycorp Inc (NYSE:MCP) has put on a disastrous performance over the last 52 weeks. Specifically, the shares are down 83% year-over-year to hover around $0.79.

    Chart courtesy of StockCharts.com

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Last
$1.74
Change
0.020(1.16%)
Mkt cap ! $1.144B
Open High Low Value Volume
$1.72 $1.74 $1.71 $3.234M 1.874M

Buyers (Bids)

No. Vol. Price($)
13 5895 $1.74
 

Sellers (Offers)

Price($) Vol. No.
$1.74 52238 18
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Last update - 15.15pm 22/02/2019 (20 minute delay) ?
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Last
$1.74
  Change
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