Calls Purchased on James River Coal Company (JRCC)

Shares of James River Coal Company JRCC are higher on the session by 3.01%, currently trading at $19.88. The stock has been moving largely higher over the past six months (Albeit in a volatile fashion) and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the March 2011 $22.50 call was purchased 1,800 times, on the offer, on open interest of only 200 contracts. This signals new positioning on the name. Overall call volume is now running at 2.39x the daily average with 77% of all calls traded being purchases on the offer. James River Coal Company mines, processes and sells bituminous, steam- and industrial-grade coal through six operating subsidiaries located throughout eastern Kentucky and in southern Indiana. As of December 31, 2009, the company's six mining complexes included 14 underground mines, 10 surface mines and 10 preparation plants, five of which have integrated rail loadout facilities and three of which use a common loadout facility at a separate location.