Calls Active on International Coal Group (ICO)

Shares of International Coal Group, Inc. ICO are higher on the session by 2.42%, currently trading at $5.45. The stock has been moving largely higher over the past five months, off of a recent low near $3.65, though appears to be nearing resistance at $5.50. Options traders are buying calls on the name today. A short while ago the November $5 and $6 calls were bought, 1,100 times and 2,000 times, respectively, with volume exceeding open interest on both strikes. Call volume is now running at 8.16x the daily average, 97% on the offer. 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. The company's Appalachian mining complexes are located in West Virginia, Kentucky, Virginia and Maryland. It also has a complementary mining complex of mid to high sulfur steam coal located in the Illinois Basin. For more great research like this, as well as how to play it through options…please visit Benzinga's Options & Volatility Edge and Benzinga's Cash Generator.