Puts Purchased on Yanzhou Coal Mining (YZC)

Shares of Yanzhou Coal Mining Company Limited YZC are higher on the session by 3.32%, currently trading at $31.72. The stock has been moving largely higher over the past three months after rallying off the $22.00 level. It is now trading well above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the January 2011 $25.00 put was purchased 1,400 times, on the offer, on open interest of only 133 contracts. This signals new positioning on the strike. Overall put volume is now running at 5.42x the daily average with 65% of all puts traded being purchases on the offer. Yanzhou Coal Mining Company Limited is engaged in the mining, preparation and sale of coal, as well as the railway transportation of coal. As of December 31, 2009, the company owned and operated six coal mines: Nantun, Xinglongzhuang, Baodian, Dongtan, Jining II and Jining II.