Calls Purchased on General Moly (GMO)

Shares of General Moly, Inc. GMO are higher on the session by 16.28%, currently trading at $5.00. The stock has been moving largely higher for the past two months, making new 52-week highs seemingly every single day since it broke above the 20-day moving average. Options traders are buying calls on the name today. A short while ago the November $5.00 call was purchased 1,000 times, on the offer, on open interest of only 425 contracts. This signals new positioning on the name. Overall call volume is now running at 5.99x the daily average with 75% of all calls traded being purchases on the offer. General Moly, Inc. is a development-stage company in the business of the exploration, development and mining of properties primarily containing molybdenum. The company's primary asset is 80% interest in the Mt. Hope Project, a primary molybdenum property, located in Eureka County, Nevada.