Calls Purchased on Minefinders Corporation (MFN)

Shares of Minefinders Corporation MFN are higher on the session by 3.93%, currently trading at $10.32. The stock has been moving largely lower over the past three months, but it 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 May 2011 $13.00 call was purchased 2,900 times, on the offer, on open interest of 908 contracts. This signals new positioning on the name. Overall call volume is now running at 4.12x the daily average with 98% of all calls traded being purchases on the offer. Minefinders Corporation Ltd. is in the business of exploration for, and development and mining of, precious and base metal properties. Interests in these properties are held directly and indirectly through exploitation and exploration concessions, leases, options and working interests.