Calls Purchased on Ivanhoe Mines Ltd. (IVN)

Shares of Ivanhoe Mines Ltd. IVN are lower on the session by 0.08%, currently trading at $23.75. The stock has been moving largely lower over the past six weeks and is currently trading below the 50-day moving average. Options traders are buying calls on the name today. A short while ago the January 2012 $25.00 call was purchased 3,300 times, on the offer, on open interest of 4,118 contracts. Overall call volume is now running at 2.88x the daily average with 99% of all calls traded being purchases on the offer. Ivanhoe Mines Ltd. is an international mineral exploration and development company. The company's principal mineral resource property is the Oyu Tolgoi Project, located in Mongolia.