Calls Purchased on Minefinders Corporation (MFN)

Shares of Minefinders Corporation MFN are higher on the session by 5.74%, currently trading at $15.28. The stock has been moving largely higher over the past six months and is currently trading above the 200-day moving average. Options traders are buying calls on the name today. A short while ago the May 2011 $10.00 call was purchased 1,000 times, on the offer, on open interest of 1,896 contracts. Overall call volume is now running at 2.54x the daily average with 79% 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. The company's properties are located in Mexico and the United States.