Calls Purchased on Northern Dynasty Minerals (NAK)

Shares of Northern Dynasty Minerals NAK are higher on the session by 17.55%, currently trading at $20.68. The stock had been moving largely higher over the past six months 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 $20.00 call was purchased 1,500 times, on the offer, on open interest of 2,955 contracts. The Mar 2011 $22.50 call also traded 1,100 times on open interest of 1,433 contracts. Overall call volume is now running at 2.07x the daily average with 68% of all calls traded being purchases on the offer. Northern Dynasty Minerals Ltd. is a Canada-based company engaged in the exploration of mineral properties. The company owns a 50% interest in the Pebble Limited Partnership.