Hecla Mining Co (HL)

[Montanore]

Thousands Of Hecla Mining Calls Open ($2.50-5.00 - June, Sep '09, Jan '10)
There is large open interest in Hecla Mining's June and Sep $2.50 - $5.00 calls. Check out the $HL option chain via Yahoo Finance today. Something is up here, either someone is hedging a large short position or bulls are salivating to own this company between $2-5. June has over 40,000 calls open vs 9,000 puts. September is also active with over 12,000 calls open vs. 1,000 puts. If you look way out to HL January 2010 options there are about 67,000 $2.50 calls open w/ last bid at $1.05. As always for better info on how these contracts were bought or sold to open hit up optionmonster.com or schaeffersresearch.com.

http://www.distressedvolatility.com/2009/05/thousands-of-hecla-mining-calls-open.html