Calls Purchased on Gold Fields

Shares of Gold Fields GFI are higher on the session by 2.70%, currently trading at $14.85. The stock has been moving largely lower over the past three months and is currently trading below the 200-day moving average. Options traders are buying calls on the name today. A short while ago the August 2011 $14.00 call traded 16,000 times on open interest of 301 contracts. Overall call volume is now running at 6.90x the daily average with 68% of all calls traded being purchases on the offer. Gold Fields Limited is engaged in gold mining and related activities, including exploration, extraction, processing and smelting. Gold Fields is a producer of gold and a holder of gold reserve in South Africa, Ghana, Australia and Peru. In Peru, Gold Fields also produces copper.