Calls Purchased on General Moly, Inc.

Shares of General Moly, Inc. GMO are lower on the session by 2.69%, currently trading at $4.70. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the December 2011 $4.00 call was purchased 1,000 times, on the offer, on open interest of 111 contracts. Overall call volume is now running at 5.57x the daily average with 67% of all calls traded being purchases on the offer. General Moly, Inc. is a development-stage company in the business of the exploration, development and mining of properties primarily containing molybdenum.