Calls Purchased on General Moly (GMO)

Shares of General Moly GMO are lower on the session by 3.86%, currently trading at $6.73. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. Though action has been primarily in small lots, overall call volume is now running at 2.12x the daily average with 68% of all calls traded being purchases on the offer. Traders are buying the $7.50 and $10.00 strikes in multiple months. General Moly, Inc. is a development-stage company in the business of the exploration, development and mining of properties primarily containing molybdenum. The company's primary asset is 80% interest in the Mt. Hope Project, a primary molybdenum property, located in Eureka County, Nevada.