Calls Purchased on James River Coal Company (JRCC)

Shares of James River Coal Company JRCC are higher on the session by 4.07%, currently trading at $23.36. The stock has been moving largely higher over the past two months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the June 2011 $30.00 call was purchased 3,000 times, on the offer, on open interest of 3,126 contracts. Overall call volume is now running at 2.03x the daily average with 93% of all calls traded being purchases on the offer. James River Coal Company mines, processes and sells bituminous, steam- and industrial-grade coal through six operating subsidiaries (mining complexes) located throughout eastern Kentucky and in southern Indiana.