Calls Purchased on International Coal Group (ICG)

Shares of International Coal Group

are higher on the session by 4.22%, currently trading at $4.69. The stock has been moving largely higher over the past four weeks and is now trading above both the 50-day and 200-day moving averages. Options traders are buying calls on the name today. The December $5.00 call was purchased 1,500 times, on or near the offer, earlier in the session; open interest on the strike is 2,715 contracts. Call volume is now running at 6.46x the daily average. International Coal Group, Inc. is a producer of coal in Northern and Central Appalachia with a range of mid to high British thermal unit, low to medium sulfur steam and metallurgical coal.