The catalyst: Energy market data firm Argus Media said mining costs for Australian companies have been surging. That could be good news for U.S.-based companies because Australian companies might have to cut back on production.
The trade: I’m seeing a lot of call buying, says Fast trader Pete Najarian, co-founder OptionMonster.com.
Everything I post is based on my opinion only. Do not buy or sell based on anything I post. Do your own DD.
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