On the day 20,000 TCK May20 13 calls traded in what was opening paper.
Teck Resources LTD, trading 11.45 (up .86) with an IV30 of 93.20 and an HV10 of 111.5%, is seeing bullish call action today.? The stock, with an ADV of 8200 and an OI of 553,000 contract,s saw customers sweeping the May20 13 calls for .59 and .60 before putting up a large print of 18,300 of the May 20 13 calls for .64 tied up to stock.? On the day 20,000 of these calls traded in what was opening paper.
TCK is up today about 8.5% and has earnings in the next week or so.? The stock has had a nice recovery off of a low of below $4 /share in January.? The stock has been off to the races the last 3 days and this call activity suggests that for the time being that price action might continue.? The IV is super expensive with the most expensive strike being the May 13 calls.? Piggy backers might be interested in the 12 calls or the 13/15 call spread.
This paper is aggressively bullish the stock and IV of the stock.?