Options Brief: Allied Nevada Gold Corp. (ANV)

Shares of Allied Nevada Gold Corp. ANV are lower on the session by 5.51%, trading at $38.08. Overall put volume is now running at 2.65x the daily average, with 33% of all puts traded being purchases on the offer. 3,151 contracts have traded on the session so far. Allied Nevada Gold Corp. is a gold producer, which operates the Hycroft Mine and has a large number of exploration claims in the State of Nevada. At May 15, 2009, Allied Nevada had proven and probable mineral reserves of 1.1 million ounces of gold and an aggregate land position of approximately 386 square miles.